Treaty Creek Buyers Have a ProblemLet's say I'm a major gold company and I can't find any new reserves by exploring, so I want to buy some. For the sake of argument, let's say that Goldstorm's owners would sell Treaty Creek this year for about $1 Billion (~15 million oz. of open pit gold for about $65/oz in the ground - Yamana just went for a much higher price). $600 million to TUD, $200 million to TUO and AMK.
Here's the problem. Mr. Konkin is consistently finding higher grade gold this season. At any time he could tap into a VOK-like area - there has been mention already that the most recent core is beginning to resemble that type of deposit.
If I'm a major gold company that waits too long, KK hits the Treaty Creek version of VOK and the price just went up to $2.8 Billion. $1.68 Billion for TUD, $560 million for TUO and AMK.
During a drilling season like this, every day that goes by is a day that could increase my return nearly three times. Every day the majors sit on their hands is a day they could end up paying me three times the number of shares.
If that day comes, no one is going to remember that in a difficult market where the short-sellers had a temporary advantage, Tudor had an interesting time raising funds to complete this year's drilling season and fund a new resource estimate and PEA. I, for one, will have better things to do. I will, however, take a moment to thank folks like TudManiac for the low prices that maximized my gains. [I won't be sending him a percentage though, because he didn't exactly have my best interests in mind :>].
Do your own DD. GLTA. Doug