rockport1 wrote: Just summarizing my thoughts on some comments here lately.
Goldstorm Resource Estimate & PEA
My expectation is we will not see an updated Goldstorm RE until 2023 after most 2022 assay results are in. For short term shareholders, this might not be good news. For longer term holders, this is excellent news.
The maiden resource estimate was important to give the deposit some initial context. An updated RE would clearly only be "interim" until the limits of Goldstorm are found. At that point, it would make sense to move towards a PEA. So this delay is good news, a first world problem, if you will. A PFS would likely take a further 1-3 years after the PEA, depending on how much is discovered on the adjacent zones.
Tudor is extremely aggressive attempting to find those limits this season. Ten drill rigs will be on Treaty Creek this spring including those four 2300m capable deep rigs! Lots of news to come.
Perfect Storm, Eureka, Calm Before the Storm, etc.
With those ten rigs, it's not clear how many will be attacking these targets, This will be fluid depending on how the Goldstorm drilling progresses. If Goldstorm continues continues to extend, these deposits will see less work. An unfortuate affect of Goldstorm success.
However, Calm Before the Storm should get initial attention due to the lower elevation and available water supply. Any critical early results (high-grade anyone?) could see CBS manage to retain a drill or two. If other deposits hit significant high-grade (Eureka?), it might also push up higher on the priority list.
Note, that major positive results on these (currently called) satellite deposits could delay any PFS and possible PEA of Goldstorm because they would have important impacts on the pit, tailings, staging, logistics of a mine plan. Another potential unfortunate side-effect of success.
Seabridge is Good
Seabridge is garnering much attention recently, especially now that Jim Rickards has recommended them in his newsletter. Excellent news for Treaty Creek, as this surely will bring more eyeballs onto the Golden Triangle, and specifically Treaty Creek. Although SEA is far ahead of Treaty Creek in development, the logistical advantages will become harder and harder to ignore.
As Treaty Creek continues to see successful drilling, it will also become evident that the magnitude of resources on the property could potentially rival KSM+, with higher grades and stronger economics.
Tudor Share Price & Financing
One important consideration of Tudor is that Walter Storm and Eric Sprott together hold a controlling interest. This is great news for long term holders and will prevent an early (unfriendly) takeover. However, it does put some restrictions on demand in the short term. This could also require lower priced financings than would be the case without the current ownership structure. Again, a suffer now for bigger gains in the future.
For AMK and Teuton shareholders, this is ostensibly a good factor, as an early takeover would likely result in a shorter free-ride and ultimate take-out price for them.
Anyway, those are some of my thoughts. Would appriciate any feedback and comments.