RE:RE:RE:there is a hit piece on treaty creek by crux investorsA big nuthinball
Some valid concerns in the article e.g. metallurgy issues, mining costs for underground, etc.
It begs the question why TUD wont put out a simple PEA asap. Cost is next to nothing and would take very little time. My guess is that they would not be happy with the conclusions based on the info to date so they are waiting until they paint a a better picture.
A PEA would make me sleep a little better at night. As little value as they have e.g. IRR usually gets halved by the time feasibility is done, it would be a great starting point to address these concerns.
The glaring thing the article misses is that TUD has to fund 100% of costs until a production decision is made. One of the reasons I prefer TUO (or AMK) hands down over TUD. A little odd for such a long piece
Of course, article also doesnt mention MTT???? Weird.
highper wrote: I'm not a financial advisor... so i won't give any adice
I will point out the first fatal flaw in the article. The CS 600 zone ore is not refractory.... The guy is talking through his hat in that regard... That is a colossal error on his part.
There are many more factual irregularities and assertions in the parts of it that i read... The time to deal with them is when the smoke clears.
I suspect the critically important issue is crux investor's motivation for issuing the hit piece.... I suspect the war for the tunnel route may have broken out into the open. Is seabridge or the potential buyer behind it? I don't know .. How would I know... I can only speculate... only after the smoke clears up some hard facts may emerge..