RE:RE:RE:RE:RE:RE:RE:RE:Tudor Spinout Great video Krammer
If TUD we're to find a deposit just as large as TC (assuming relative similarities to grade) as mentioned in the video TUD Could be worth substantially more. I mentioned for TUD to justify 130M for their 2 properties and using AMK current cost/value per OZ lets round to $15 per OZ they would need a 8.8M reserve. Now if they have/find the same as TC say 27M OZ that's again rounded 3X more, now that's interesting. If you're willing to pay $15 per OZ but the deposit happens to end up 3X larger your cost per OZ drops to $5, WOWZER!
That's what spoiled trust fund babies are made of :) But again, nothing is without risk and if they aren't successful you paid $15 OZ for dirt.
When I do the math from when I bought my cost per OZ currently stands at just over $3 per OZ, that is how fast and extrem the numbers can be if deposits turnout as predicted. I would love to see the deposit double in size and if that happens my cost goes to $1.50 OZ, 50% more than what KK can find it for and if he can just find me another 45M OZ my cost drops to $1 OZ! Come on KK, how hard can that be :P Waffle time!
I only have 1 company on my list that comes somewhat close to that cost per OZ but not quite at $6.50 per OZ and they intend to build a mine, slightly different take but I can say that at that price I buy as much as I can stomach.
First things first, let's see the spinout be confirmed then let's see what their intentions are which will take some time and that's good because I need more time :)
Happy Someday!