Tudor Gold Corp V.TUD

ONLY 2 Drills this year!!!

[fordster]

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.

[Signman]

I found this argument strange as well . Clearly KK is focusing on one target and winding this step down. It backs up all his interviews where he is wanted to stitch off the cell and bring it all into a PEA. I would be MORE conserned if he was scatter shotting the drill rigs . That to me would seem desperate to me like he didn't find what he was after. For what it's worth I find the new

[CaptainE]

Yup, Ken is very focused on putting together a concise package . And like he said, one solid PEA without having to backtrack to do modifications. His focus is making a viable mine plan for Goldstorm with no missed steps. He's done this before and knows what it takes. 

[dingdong01]

You are partially correct fordy But cmon now 6 drills turning would still far better than 2 Like they were able to deploy in past drilling seasons while the funds came in before dilution started getting to be a bit much. Do you not think if they were able to cost effectivetly deploy 4 more drills as before this season started they wouldn't have utilized them in one big hell of a hurry. Even i

[dingdong01]

Yeah and I'm not arguing with you about whats going on with the 2 drills never was But few would agree they couldnt put more drills to good use if they could afford the dilution to do it this year In fact very good use and not a waste of money and time they would be proving up more gold still than letting the year go by without them.

[TeckPro]

Hehehe... Ya you tool-:) 

[fordster]

My apology Donger if I mislabeled what you were saying...more drills to expand GS borders is not KKs priority now. It's all about developing SC1 and getting a PEA out which should increase SP which should give better terms on additional dilution down the road...Additional drills would be a waste of money and resources with this depressed SP...after all, we already have close to 30 million oz

[Larry60]

With $7M in the bank on Dec 31, I agreee KKs priority is not more drills!  He cant even afford the 2 out there now!!! Overhead for 2024 will likely be aound $6 million!   Hes gotta raise $$$$ to keep the light on!!!! As a major TUO holder, if TUD doesnt raise $$$, I will demand to see the JV agreement to see what funding requirements are in there!!!

[rockport1]

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

[Jetstream1281]

I'm not sure where it is now, but in one of their documents or ken's presentations he had a table with the budget break down for 2024...it included 500k allocated for a PEA.

[Larry60]

give or take a lil you are right. about $550k for PEA.  Ive been poundin the table for PEA past year as the cost is nothin.  SUre, PEA is very preliminary in nature and things usually dramatically change for the worse on a PFS........and even worse for a FS.  But it provides a starting point!!!  It lays out a road map that TUD can then try an achiece to the vest of their

[rockport1]

The PEA budget is CAD $550,000 out of a total program budget of just a shade under $10 million. Folks should trust these budgetted numbers because they have been developed by technical experts with the most knowledge about the project. They are not from Panic Posters spouting opinions from their couch.

[Jetstream1281]

You don't have a link to that document or presentation do you RP? I remember seeing it but can't recall exactly where....

[Larry60]

it was in the updated 43-101

[rockport1]

It's in the technical document for the resource estimate, under recommendations.

[Jetstream1281]

Thanks!!!

[Larry60]

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

[dingdong01]

How many more times are you going to bring this up Ive responded and explained where i stand on this You bring up good points of merit here but its far from the do all be all you suggest read my earlier posts.

[fordster]

Donger...no one is reading yours and Larry's post to begin with. Ironically you both have the tendency to type the same exact mistakes. BTW...we've gone over all your issues and you just keep bringing them up as if we've been ignoring you. I post to make sure you folks don't dominate our boards with your trash. Money has never been an issue so Larry quit saying it is...Donger

[Larry60]

fORDY, LIE all you want that me and Donger are the same person.  ITs still false. But it does NOT change anything!!! TUD is  in a dilution death spiral. TUO and AMK both have the benefit of no needed dilution to get to a production decision. TUD does have to dilute to get to production decision.  BUT EVEN WORSE, THEY HAVE TO DILUTE TO FUND GETTIN AMK/TUO 40% INTEREST TO A