Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Tudor Gold Corp V.TUD

Alternate Symbol(s):  TDRRF

Tudor Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company develops its 60% owned Treaty Creek gold project, located in northwestern British Columbia. The Company's Treaty Creek property covers an area of approximately 17,918 hectares.


TSXV:TUD - Post by User

Post by CobraShelbyon Sep 25, 2023 9:05pm
233 Views
Post# 35653677

repost from : Countrygent on Jul 19, 2023 9:11pm

repost from : Countrygent on Jul 19, 2023 9:11pm

The power to grant a right of way licence is likely not expressed as a power of expropriation of valuable economic interests, or there would be an expropriation scheme with compensation included.

What has probably occurred is SEA overreached in providing an assurance that they were not interfering with any known economic interests.  But they didn't drill to check - they just made some major assumptions.  TUD was in no position to categorically deny the basis on which the licence was issued until there had been drilling - speaking of which, was there ever public disclosure or assays done on the preliminary route drilling by SEA, I'm assuming it may have only been for geophysics and rock structures, and in any event too shallow to hit the deeper Goldstorm domains?

TUD has a legitimate complaint if SEA made false assurances upon which the licence and route was based.  

Surely, because both projects require downhill mill access, it actually makes sense to jointly plan and develop access that can service both properties - SEA's current proposal wouldn't have that capacity.  But SEA will go nuts because TUD is still so far away from proving up bankable feasability they will have to wait.

The government will want both properties to become economic engines.  What is their skin in the game?  Not to be sued by either party for economic loss.  Best guess, they revoke on the basis a key assurance from SEA, along the lines of "no significant economic loss to the TC property holders, is no longer sustainable.  Try again Rudi.  Play nice with Kenny and work something out.   These two properties cry out for consolidation and a larger phased mining plan feeding a single, larger mill.  But the economics of that mean SEA must wait, or find a joint buyer perhaps.

I'd be suprised if they leave the licence now Goldstorm has such a large potential mining footprint.

Just my opinions of course.  We'll see.  Lawyers wet dream.

cg

<< Previous
Bullboard Posts
Next >>