Summer season.
getting worried. These plays in my opinion should go up on speculative bid, I.e. buy the rumor, sell the news-esque action. Last couple of years we've seen drops in SP on NR. Down on drill, down on news would be even more trouble than we are already in. If this is the case, it could be a tough season. Come on TUD, lets get some good holes. By good, I mean good enough that you can start reporting Au, not AuEq. Otherwise I fear this could be a donut year. Mom donuts, some food for thought. Lol, consider, a chocolate donut weighs about 3 ounces and there's 32,000 ounces in a ton. 32000 ounces in a ton / 3 ounces in a chocolate donut = +/- 10,000 chocolate donuts in a ton. Further.. If these 10,000 chocolate donuts sell for $1 each, that means that there is approximately $10,000 worth of donuts in a ton of donuts. Convert donuts to AuEq. At $1850 for an oz of gold, $10,000 of donuts would trade for 5.4 ounces or 160 grams of gold (1000 / 1850 / 30) So does this mean that if we drilled into a giant pile of chocolate donuts that we would have results of 160 gpt AuEq? We can sell those donuts for $ and buy gold for that cash, so, same same, no? That'd be easier to mine than this! Anyways,.good luck to us all this season, all that it would take is some higher grade holes near surface. Other than that, like I keep saying, this is doing nothing until we get some resources and PEA / PFS with better mine plan and met descriptions.