RE:RE:Gold, the Ruble and Natural Gashighper wrote: zero hedge covered the most part of your story this morning.
So I wouldn't rush to point out that the rising ruble hasn't precipitated a higher gold price because the game is only beginning...
The re-visioning of our teuton and treaty creek holdings in light of the changing dynamic of the gold market is an ongoing process. I'm more interested in speculating on how many meters of drilling ken can deliver in 2022.... covid and the weather are two variables that can impact that calculation... Also ken konkin mentioned the possibility of using a 2000 meter drill rig this drilling season in one of his earlier videos.
I agree that we could be early in the game with respect to gold prices. But until I see some actual movement I'm not buying in. The zero hedge article points out a number of work-arounds that have already been implemented - many would prevent price movements in gold.
I also saw the post where Russia was asking themselves the same question: "why should we pay 80 Rubles for gold when we can get it at 76 or 72 Rubles using current exchange rates?" - so now it appears that all gold transactions in Rubles will be "negotiated" as of today. The original peg at 80 Rubles was supposed to be in place until June 30.
The recent announcements by Tudor left me with questions. There was no goal set for how many meters KK would like to drill, or whether he was going after deeper (2000 meter deep) minerals. But with ten drills there is obviously the potential for a very big year.
He also did not mention the Perfect Storm area as a focus this week, and I thought he was going closer to the mountain this year on PSZ.
I was hoping for a full over-allotment on the PP to $23 million total, but I guess $12.9 million will have to do for now. I'd rather see another PP this year and more drilling than a cap on meters drilled based on this PP.
I was glad to see Dino average down on Tudor stock, this time with warrants. That will be great for TUO holders if a transaction happens in the next two years.
Still no word on Seabridge test drilling on the Treaty Creek tunnel route. Much more to come this spring.