Post by
alpha74 on Mar 13, 2021 2:37pm
27 MOZ - One of the largest discoveries in 30 years
JS Research, a German research company, has just published an analysis of the news of the initial resources of Tudor.
JS Research discovered the huge potential of Tudor very early and recommended the stock as a buy at CAD 0.40 !
I have translated the analysis into English.
It is also worth looking at the charts and illustrations (via link).
It is also clearly shown that the reported grades are completely in order. Take a look at the chart of Haywood Securities - it shows that the average grades of the global reserves of Barrick, Newmont, Newcrest, Kinross or Yamana are partly significantly lower than those of the resources of Tudor.
The following is the translation:
https://www.wallstreet-online.de/nachricht/13633115-sensation-golden-dreieck-weltklasse-goldressource-27-mio-unzen-veroeffentlicht-groessten-entdeckungen-30-jahren
First resource estimate of 27 million ounces of gold published - the 'Goldstorm' zone on 'Treaty Creek' remains open in all directions. An expansion of the resource here is very likely! This is what market participants and gold producers have been waiting for! Tudor Gold keeps its word and releases a mega resource of 27.3 million ounces GoldEq! Current ground value of all metals USD 56.5 billion +++ This is one of the largest gold discoveries worldwide in the last 30 years! And this is just the beginning! Aggressive drilling program should lead to massive resource expansion in the coming quarters! +++ Current: Strong M&A activity in the mining-friendly 'Golden Triangle': Newmont wants to acquire GT Gold for CAD 456 million, and this is a 'low-grade' resource (0.36 g/t gold vs. Tudor Gold's 'Treaty Creek' with 0.74 g/t gold Eq) +++ This top gold company is now directly on the buying radar of all top 30 gold producers! Still strongly undervalued! Dear Readers, March 09 was a good day for the Canadian mining industry - on this day one of the most important announcements of the year was released: Tudor Gold announced a new significant gold resource with the significant gold discovery on the 'Treaty Creek' concession areas, which is one of the largest discoveries in the last 30 years! - Congratulations to the Tudor team for this sensational result achieved in just a few drilling seasons! Let's take a quick look at the current ground value after the initial resource estimate: it is USD 56.5 billion at current metal prices. Let's have a quick look at the current ground value after the first resource estimate: It is at current metal prices at 56.5 billion USD.
The mega gold resource of 27.3 million ounces published by Tudor Gold is equal to ALL discoveries made in the ten-year period from 2006 to 2016 in the USA or Russia in total by all companies!
It is no secret that the gold industry urgently needs high quality new deposits to keep production rates consistently at the same level. And as already the statistics of 'S&P Global Market Intelligence' from 01 May 2020 make clear, gold resources of more than 10 million ounces are a real rarity.
Among the 278 discoveries between the year 1990 and 2019, only 30 have gold resources of more than 10 million ounces, which would allow annual production rates of 500,000 ounces per year with a mine life of about 15 years. And the new mega-resource at Tudor Gold is just such a resource, which will arouse the desires of producers. For us, it is therefore only a matter of time before one or the other major knocks on Tudor Gold's door and expresses takeover interest in Treaty Creek.
Important to know: The published ore grades at Tudor Gold with 0.74 g/t gold equivalent are clearly above the values of one or the other company in the Golden Triangle, such as GT Gold (0.36 g/t gold) or at the 'KSM' project of Seabridge Gold (0.52 g/t gold in M+I) Now one or the other reader might ask why the share price did not make a significant jump upwards directly after the publication? Well, in our opinion, it really can't be due to the published average ore grades (0.74 g/t gold Eq in the M+I resource category)! On the contrary, as you can see in the table below, the gold grades at various large producers are sometimes even significantly below those of Tudor Gold. Furthermore, we can very well imagine that the company will calculate various scenarios such as a starting pit of 2-6 million ounces in the upper 300-horizon open pit area as part of the project development and preliminary feasibility studies. And here it should be possible in parts of the deposit!
Same pattern "buy the rumour, sell the fact"? The company GT Gold Corp. that is also developing a project in Canada's 'Golden Triangle' like Tudor Gold, has published the first resource estimate on 06.07.2020. As a first reaction, the share price has dropped significantly. Why? In the stock market, expected news is typically "priced in" i.e. anticipated, quickly and early. As you can see below in GT Gold's share price performance, the takeover bid from Newmont Mining then came a few months later, and just before the expected announcement of the PEA. Any shareholders who got out of the stock too early after the resource announcement are likely to be angry about the lost 200% gains....
The first share price reaction after news is announced is often the wrong one... so it was with Tudor Gold. Smart investors can use this price setback to make additional purchases. Remember, time is running out for all shareholders. Tudor Gold has released its FIRST resource estimate. We expect that an aggressive drilling program in 2021 should significantly expand the now huge resource once again! The 'Goldstorm' system is and will remain open in ALL directions, so the next resource update should include perhaps an additional 10-15 million ounces. Add to that the additional drill targets 'Eureka' and 'Perfect Storm'... this year remains very exciting and will still hold many (positive) surprises! Let's now take a closer look at the press release (link here) on the resource release: TUDOR GOLD Completes Initial Mineral Resource Estimate at Treaty Creek - 19.4 million ounces of gold at 0.74 g/t AuEq in the 'Measured and Indicated' category and an additional 7.9 million ounces of gold at 0.79 g/t AuEq in the 'Inferred' category Our take: We expect a massive drill program this year at 'Treaty Creek' that should result in a significant expansion of the gold resource. The project continues to have enormous exploration potential, with 80-85% still completely unexplored! Tudor Gold also announced excellent results from preliminary metallurgical test work (very high gold recovery rates or recoveries): 96.2% Our opinion: These high recoveries are spectacular and significantly higher than many other companies in the 'Golden Triangle'. A high recovery means a higher gold production. Conclusion: The price decline is a top entry opportunity.
Comment by
GillRipper on Mar 13, 2021 7:43pm
Very nice, thank you very much for that Alpha. I agree on the next cash raise for Tudor at $4 and I like the Newcrest mention also. Kind Regards To All Gill
Comment by
alpha74 on Mar 14, 2021 1:54pm
https://www.js-research.de/fileadmin/user_upload/Tudor_Gold_Artikel_13.03.21_english.pdf
Comment by
sueron on Mar 15, 2021 10:06am
Sure high volume after this great report? SPAM.. ARBOR METALS CORP,48,400,$2.53,$0.0806,$122,452.00,$0.00,$3,899.63,+$118,552.37,+3,040.09%,7.97% ARBOR METALS CORP,46,000,$2.53,$0.0911,$116,380.00,$0.00,$4,190.72,+$112,189.28,+2,677.09%,7.68% Not saying to buy or sell. Ron