RE:RE:JS Research reportin English
So JS Research expects at least 15 million ounces. At a gold price of USD 1800, this results in an in-situ value of USD 27,000,000,000 (27 billion).
I have again looked through all drill results of the last years and calculated. In my opinion, the 15 million ounces is a conservative estimate.If, for example, 25 million ounces result, we are talking about an in-situ value of no less than USD 45 billion!!
I have the greatest respect for JS Research, they did not jump on the bandwagon, but recommended Tudor already at a share price of CAD 0.40. They know the company already since the infancy.
After the publication of the maiden resource, numerous large brokerage houses will certainly take up their coverage on Tudor. From my own experience I know that they require an official estimate for their inclusion of an explorer in their coverage.
I am looking forward to the Tudor future....