RE:Pump it up - Pump it upfraud is a very strong word. I do not think that is the case here.
I think TUD is very concerned about lack of a viable processing method 4 years into this!!! They clearly specify they do not have a saleable concentrate from met work done so far. BUT they "think" they may find something viable.
Met has been my biggest concern to date. Still is.
Time to sort this out so we can get back to a reasonable valuation
Enought with drillin sub 1g/t material (Au). Get the met/processing sorted out!!!
Sasha11 wrote:
Here we go again, putting out more ounces based on unsupported assumptions. Where is the preliminary economic assessment (PEA) that was supposed to come out in 2022, then 2023, then 2024? The data is already there, but Tudor won’t publish a PEA because it doesn’t work. I haven’t seen a company keep drilling at this rate, while delaying economic confirmation since that issue in Indonesia awhile back. Difference is this isn’t fraud, its unscrupulous promotors pushing the regulatory limits. Who in their right mind puts out Au equivalent grade of just 1.2 g/t (that includes ultra low Cu and Ag) in high refractory sulphides. JDS Engineering reported the related information last year. Based on that mineralogy, metallurgy, and project logistics its not even close to a positive NPV. This isn’t a copper prophy or oxide heap leach in Nevada. So compare it to similar types of producers and it would take a 4-5 g/t Au cut-off, even at todays gold price. They likely have a zero resource. Tudor and their well paid consultants know it. The general public should be made aware. Where are the regulators? Stop publishing a massive unrealistic resource, unless its supported by a PEA!