RE:New numbers to the Grave!
Those ounces could ultimately be worth much more than $100/oz ... or less.
What we don't know until we see a capex plan, an estimate of waste rock to above cut-off grade ore within the pit shell, perhaps a block caving costs scenario, is what a PEA will look like and where it will plug in the recovery values at varying POG.
Valuations across the board with the junior golds look to be a sector lagging market averages. With debt worries and tightening worries, and stagflation worries, and global conflict worries, and US dollar as dominant reserve currency worries fester, gold should look more appealing to both individuals and central bankers. So far the mighty US dollar is probably the m ain reason the Canadian junior resource sector has been clobbered so badly, and if you value the sector in US dollars its even worse as the loonie has slipped. We rely on American speculative cashflows above all to support Canadian mining?
It will improve. Treaty Creek has the goods with more to come, its very modestly valued, between SEA or some majors there must be some interest that could pay a substantial premium to market, and at the same time, management at TUD has been doing a good job adding value through exploration and drilling. Bring on PSZ and the full extent of Goldstorm, Eureka and whatever else is up there.
cg