RE:RE:RE:ITG ripping it down and here come the bashers!!! He may never have put a timline on PEA, but given that we are 3+ years into resource, no excuse for not having one. As you can see from budget, cost of PEA is miniscule. And PEAs are redone all the time. Very preliminary in nature. Some would say not worth the paper theyre written on. In TUDs case, I think we need a PEA to set out met/processing plan..................and resulting economics. No one doubts there are tens of millions of ozs in the ground..........just whether it is economic.
Thought on $10M 2024 budget? A little thin?
Jetstream1281 wrote: If you DO in fact read that section it shows they can pull almost half the gold on cs-600L off as a gravity concentrate.....they can also produce a 24+% copper concentrate ( which IS saleable). CS-600U fors about 18% cu concentrate, and the anticipation is that a finer grind will sort that out....that testing it says is currently happening.
They would be far from the first company to do an oxidization of the remainder of the ore which WILL release the gold as stated in that section.
Between those two zones alone there are nearly 15 million ounces of gold....enough for a mine.
Sasha.....Ken has NEVER put a timeline on a PEA...so not sure where you're getting your info from that it was supposed to be done....he's said that he wanted to stitch off GS and find the front door first....he once mentioned that they could possibly stop and do a PEA now but that was not his ideal scenario...