Tudor Gold Corp V.TUD

Oh BTW CSK

[fordster]

Here's your very first post...really sounds like you were here as a potential investor...

Re Seabridge Gold and its Treaty Creek Tunnel. Wow, you guys are really uninformed. SEA already has all the rights needed to construct and operate its Treaty Tunnel. They were granted a License of Occupation in 2014 which covers the entire route of the tunnel. Its no different than a surface road right-of-way. This permit says SEA has to share its geological data collected during the construction of the tunnel with existing claim holders and also give the excavated material from the tunnel to the claim holders because they own the mineral rights. Based on this permit, no deal is required with any outside party for SEA to connect it tailings area with its mine area. For more information, see SEAs press release of September 29, 2014.

And here you're going back to Seabridge BB to boost Seabridge

Lots of inaccuracies about KSM on the TUD/AMK/TUO bulletin boards. They say KSM requires a gold price of $2000 ro make it work. Nothing could be further from the truth.

 

The most recent independently prepared technical report filed by Seabridge shows that at a gold price of $1340, KSM would generate US$26.8 billion in net cash flow and a US$10.3 billion net present value at a 5% discout rate. Furthermore, the estimated all in cost of production per ounce of gold recovered, net of copper and silver credits, is $4 (yes, FOUR!), including all the project initial and sustaining capital including the costs of the tunnels. At $2000 gold the numbers are off the charts!

It's fine if the Tudor crowd wants to promote their deal but they should be careful commenting on a much more developed project that they can only dream of duplicating.

What does it take to get to something as good as KSM? At least 7 years and $300 million. Can Tudor do that? Let's see.

 

[Larry60]

I'd agree that CSK was misinformed on the tunnel part.  Probably by Rudi!!! My belief is that the tunnel will be built.  The only question is rerouting &/or compensation.  THe regulators would obviously prefer to see TUD/SEA work it out themselves.  BUt if they dont, they'll do it for them. As for viability of SEA, it is quite compelling.  Definately on the

[Jetstream1281]

I would not be surprised to see TC become operational before KSM.  It's a much more straightforward path...you can EASILY build an oxidation setup (if it's even needed) for less than what MTT would cost..the grades are better and there's nobody standing in the way.... Larry and CSK are blustering about regulations, but ill remind you that this very team started developing

[Larry60]

Brucejack was a high grade unicorn.  Even then not without challenges. KSM is a massive projcet, I agree.,  But they are way further down the road than TUD.  TUDs gonna have to spend their market cap to get to a production decision.  Itll happen.  In due time. KSM is as much as a Cu play as Au - and everyone luvs the metallurgy.  I know you dont care about

[rockport1]

Agreed, KSM is way further down the road than KSM.  However, it has been primed and waiting for a partner to buy out the  project for around a decade.  Why is that?  Because it has some inherent high risks, which arguable means its primary value is as an option on the price of gold.  It will likely be developed, but the real question is when. Not sure why you say "

[fordster]

Damned well put Rockport.

[Larry60]

jetstream, at 2,000+ gold Id agree that TUD should progress faster than ksm.  But we are still talking years to get through feasibility which will make past drilling look like a cheap date (with a spinster). i still stand by industry view that ksm au/cu mix/grade and corresponding metallurgy is doable and cost effective.  On TUD, the skeptics are everywhere.  And Im not talking

[Jetstream1281]

Yes it may take a while.....but the odds of TUD taking this to production I would say are almost nil....they could hit high grade gold or they could hit more copper....either one works for me...if we got our average copper grade up to aroind 0.4% there would be some serious interest out there.... I'm not necessarily waiting for production.....a buyout works for me.....

[Larry60]

I think anyone who says they want to hang in to see this go to production is just fooling themselves.  Takeout sooner rather than later is preferred route.  To obtain any real value, we're likley a couple of years away.  But in the interim, if junior spike so should we (even if it hasnt held true the past month)

[Boebandy]

But you're not here to drive down SP right? you're transparent 

[Larry60]

mkt drives share price. if Fordster had any influence wed be at $20/share instead of down 80% from ATH I wish Forster had some sway!!!  

[paydirtontario]

https://youtube.com/watch?v=WupEWyvirfM&si=a1-gPXyhTVH2ZweN

[fordster]

Your damned right.

[Boebandy]

ShortandWeak... getting tired yet?

[Jetstream1281]

I'm not disputing the fact that KSM is further down the road....but that doesn't change my opinion that it won't be the first to production... It's not that i don't care about metallurgy, it's that I understand it....thats what I do for a living...I have a good idea of what it would cost to build an oxidation setup and I can guarantee you it's cheaper than building the

[fordster]

JS...a profound "thanks" for your knowledge and expertise...hey, when you say oxidizer, I think of a "roaster"....am I at all close to what your thinking? I believe the same as you, Rockport and many many others: we're going to be producing before KSM, based on construction....but first they need a copper JV for all that "free gold". I can't say I would be

[Jetstream1281]

There are a number of different options for oxidation....roasting, POX, bio-oxidation...roasting is probably the most common historically, although POX may becoming more popular....the biggest difference between the two is POX is a batch process where roasting is typically a continuous stream process. I dont know much about bio oxidation for metals...im more familiar with using it in water

[Jetstream1281]

There's a paper that's been posted a few times om the board here that compares the cost, efficien y, etc with an ore that is pretty similar to what we'd be producing...think it was a Glencore paper....TCrelave posted it the first time I think...

[Robizounskin]

Bottom line is that Rudy had several occasions in the past decade to make a deal with a partner but he was too greedy to make it happen, I guess this is why SEA is using a third party by now to find and finally close a deal with someone has they seem to be experiencing some pressures from investors to do so and time is running out.  I also believe that potential KSM’s partners are waiting to

[Larry60]

Mining CEOs and greeed go hand in hand.  Clearly missed opps for SEA in the past, perhaps more in the future. As you know, I think TUD missed deal of the century on taking out TUO/AMK for a fat premium with paper (which means it woulda been no premium!).  But they balked over things that would be immaterial now.  Thats life. Luv it or hate it, KSM can proceed anytime if someone

[rockport1]

A little more on the timelines of KSM vs Goldstorm.  As we have noted, KSM, having produced a PFS is already much further along than Goldstorm which lacks even a PEA.  However, does everyone remember that the first PFS on KSM was produced in March 2010?  Yes, that is 2010!  The project was very marginal, so it was refined and developed for another 12 years to produce the most