RE:Tudor down 12% todayRight you are eatmorefiber.......Tudor's equivalent grade of .79gpt gold is marginal at current gold prices. The ore will have to be mined , milled, and refined for less than $45 per ton. Not saying it can't be done, but it certainly doesn't leave a mining company with a lot of flexibility in purchasing said property. If one has confidence that gold will rise significantly in the coming years, then Tudor would give very good leverage to price, but it's a double edge sword......it cuts both ways.
GBR on the other hand appears to be averaging 2.5-3 gpt, and is currently well in the money as far as economics.......this property should command a significant price per ounce when the time comes.
I like that CT has brought Lawson in, this opens a whole new play book.......If mining companies think they can low ball this, then Chris might just decide to mine it himself.
This is where AISC (all in)costs come into play. A prospective mining company could very well be looking at $1000 or more profit for each ounce of gold produced.
Is this what our deposit should be worth to a potential buyer? Of course not at current gold prices, but certainly 300 seems very feasible.
As far as time tables go, it would take minimally 3-4 years to realize a producing mine of this size......full shareholder value would be much greater but wouldn't be fully realized until much later.
We still have much drilling to do to prove that those big beautiful intervals keep occurring both on strike and at depth.
Best longs
S