RE:RE:RE:Resource estimate?Like it or not, there is a clear connection between Iron Cap and Copper Belle and that is the MTT tunnel. The lack of a copper/silver resource in Treaty Creek is a fact, but not a fact that will prevent the exploitation of a gold resource if it exists.
As you correctly point out, Iron Cap is a combination of systems, all of which will be handled by the same tunnel and processing complex, so the fact that Copper Belle is a different animal is not an issue.
But aside from any mineral discoveries on Treaty Creek as a whole, the land has value as an integral component of the KSM development plan and that means it has some value to the owners, including Tudor.
The KSM project as a whole is not reflected in the stock prices of Seabridge or any of the Treaty Creek owners at this time - they are all undervalued to some degree. It is an unknown to what extent a Seabridge deal with a major to develop KSM will impact all those involved. If and when a deal is announced, the details will allow us to do a better job of valuation. Until then, virtually everything regarding drill results, future plans, and all the pretty pictures are just noise.