Tudor Gold Corp V.TUD

Pending Assays

[stockzorg]

In hole GS-23-170 we saw a section of CS-600 that was 516m in width, but the first 90m were heavily gold dominant at 1.93g/t.

Pending holes GS-23-172 and 173 may tell us everything we need to know for the rest of this year and the planned stepouts for 2024.

Given the consistency of GS it's not difficult to imagine another 300m of strike with a 90m width of 1.93g/t Au on top of >400m grading at more than .28% Cu, still open to the northeast and at least one other direction.

We've been looking at data expressed in terms of AuEq on this domain.  What would 90m of 1.93g/t Au on top of a copper deposit do for a calculation expressed in terms of CuEq?

When it comes to stock price, I'm not interested in what's wrong with Tudor as much as what's wrong with Seabridge?  SA has put out studies showing that Au comes out of the ground almost for free net of copper silver and moly credits.  They have more than 20 years of data and now have to hire bankers to sell the project. 

So why would I think that a Goldstorm PEA will make magic for TUD?  I don't.  The higher grades, better location and lower risk profile have already sold me, and I think we're closer to the end game on both KSM and Goldstorm than I previously thought.

[paydirtontario]

Thanks for that  "if we are closer to an end game ; " then what ever happens to SEA will have a direct impact on TUD as it could be part of the same deal or be the catalyst to accelerate another deal    interesting times indeed 

[Jetstream1281]

That's basically where I am....I've crunched the numbers for myself, and you should easily be able to build the infrastructure needed to oxidize and leach the ore for the price of the MTT....So I don't need a PEA to tell me that this is going somewhere at some point....The upside here is huge though as we are much earlier stages than SEA which has already done a lot of its climbing.

[Jetstream1281]

By the time we're done drilling all targets we'll likely have more metal in the ground than KSM. There's also a good chance that by that point the majority of the deposit will not even need to be oxidized as it won't be refractory in nature.

[Larry60]

Jetstream, please share the numbers and technical processes you have crunched . I find very little to go on except for the limited metallurgy data/work provided and obviously the resorce calcs. Thanks in advance.

[Jetstream1281]

This was one of the documents I used....If you dig back you can find the others.. https://www.glencoretechnology.com/.rest/api/v1/documents/084ca9619b6bce16d79073395350b5f6/POX+vs+Albion+PAPER.pdf

[Jetstream1281]

Throw in a safety factor of 10 X if you like and that still leaves $1 Billion for your leaching infrastructure....which would be on top of the MTT cost for KSM as well....it easily puts us into production for the same or less than what KSM would have to spend..... Pretty hard not to see this as viable at this point....at least for me....

[Jetstream1281]

Can't remember exactly when this was publish but it would be 2018 at the very latest as they reference documents from that recent. Likely more recent than that so not that out of date actually....

[Larry60]

Thanks.  Ill take a look when time permits.

[Jetstream1281]

There was another paper that was a buit older....2012 maybe? It showed at the time that a roaster would cost less than $50 million if i remember correctly. Pretty sure a roaster would be cheaper than a POX setup....and they are less suceptible to changes in the matrix of the feed material.  The benefit there would be two-fold.....it would be more stable as you worked your way through the

[CobraShelby]

I really hope you are right Stockzorg. It would be a perfect timing for all of us  GLTA. So why would I think that a Goldstorm PEA will make magic for TUD?  I don't.  The higher grades, better location and lower risk profile have already sold me, and I think we're closer to the end game on both KSM and Goldstorm than I previously thought.