RE:RE:ONLY 2 Drills this year!!! The $10 million budget is based on what TUD might realistically achieve.....IF THEY DO A SMALL PP!!!
They had $7 million in cash at December 31. THat is enought to cover OVERHEAD for the year!!!! Not drilling!!!
THey have 2 drills cuz thats all they can afford or extend payables on!!!!!
KK has his hands tied by no $$$$$
If KK had $$$, hed be runnin 10 rigs!!! So many target to drill for more ozs......................
I just hope RC doesnt pull another disocunt deal...........would put us at 60 cents for hard dollars and 70 for flow through. Probably a warrant at 80 cents...........yikes!!!
all imho
rockport1 wrote: Tudor's program budget for 2024 has been $10 million. This budget included 10,000 m drilling with a PEA, environmental & metallurgical work. The two drills are sufficient to complete the program.
"Approximately 10,000 m of drilling is expected to satisfy the requirement to convert a substantial portion of the CS-600 Inferred Mineral Resource to the Indicated Mineral Resource category, as well as provide a minimum of 150 m of step-out drilling to the north to potentially extend the domain. Select drill holes will target the DS5 domain to improve the understanding of the size of this system. Drilling at DS5 is recommended to be completed at sufficient density to increase the Indicated Mineral Resource."
fordster wrote: Donger -Tudors only priority is to develop and dish up the Super Cell. This is a small area of condensed gold. The area can only utilize 2 drill rigs to accomplish this goal. KKs objection is to simply find the front door of Goldstorm: nothing more. Any more drills would be a waste of money and resources. This is not a sign of weakness Donger as they could discover more gold in this little area than numerous rigs over larger areas. It's my understanding that locating the boundaries of GS is too massive and it's time to start mining the low hanging fruit of the supercell.
Your general complaints apply to the entire industry being out of fashion, along with you naked shorters focusing on Tudor.