Tunnel ShmunnelI'm back and I know you all missed me. But I just had to drop by to correct some misinformation on the SEA tunnel. I'm a patient SEA shareholder and still a prospective investor in TUD when some key questions are answered on metallurgy.
Rudi Fronk has said many times that the tunnel route approved by the BC government will be changed at SEA expense to accomodate any commercial ore body that develops on TC. No one at SEA thinks TC ore bodies can become so large as to make it impossible to avoid them for a few million dollars. There is lots of room for a tunnel and and a TC mine. Fronk has said that he wants to work with TUD wherever possible to the benefit of both.
The question right now is not the tunnel route. The question right now is does TUD have an economic orebody. Years of work are needed to establish a minable reserve. As I read your Technical Report, TUD needs to solve a refractory ore problem at Goldstorm that makes current concentrate grades in the Technical Report uneconomic. TUD also needs to find appropriate storage for both acid-generating waste rock and tailings. The new discovery is nowhere near the current tunnel route.
I wish TUD good fortune in developing an economic deposit. We should learn a lot from the proposed PEA. A year ago I said I was waiting for the PEA and a lower share price to decide to make an investment in TUD. Well, we have the lower share price, as I expected. But not the PEA. So I continue to wait. Big low grade deposits in glacier country are not layups.