Tudor Gold Corp V.TUD

Alternate Symbol(s): TDRRF

Metals & Mining Industrial Metals & Minerals

Tudor Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company has claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in Treaty Creek gold project, located in northwestern British Columbia, which is host to the Goldstorm Deposit, a large gold-copper porphyry system, as well as several other mineralized zones. The Company's Treaty Creek property covers an area of approximately 17,913 hectares.

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Tudor Gold Corp > Some important questions

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Comment by rockport1on Apr 07, 2022 2:53pm

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Post# 34585337

RE:Some important questions

cskhurasu wrote: Why was the financing about 40% below the announced target?
A: Market interest turned a little south with the war in Ukraine adding some uncertainty. Unfortunately, it also meant that Sprott could not assume more shares due to his position limits.

Where will the extra funds come from for a 10 rig program?
A: Depending how actual operations progress, they should be convered. I would expect another financing round before long to top up the piggy bank.

Why 10 rigs if you aren't in a panic? (haste makes waste)
This is obvious; they are delineating tens of millions of ounces. A massive program is required to achieve this. Goldstorm deposit limits still need to be defined and other deposits need some potential exploration. I also think Ken is taking a few stabs at higher grade definition. Would you prefer that it takes several additional years to achieve this?

Why is there no resource update based on last year's drilling?
An updated resource estimate is somewhat pointless when you have no idea how much larger the deposit is going to grow. I prefer they save the funds and wait an additional season.

What happened to the PEA that was much heralded in last year's program?
See above.

Why does the stock price never respond well to news?
Not sure what you are expecting. This is a basic operational update, and the financing news was not good. I wouldn't expect it to have much effect.