RE:Tudor - inquiry on declining stock price Hello WillowTree,
there are two predominant topics being toted as the primary factors in the decline of the company's value. Number 1 is the gold recovery. The CS600 zone has 15 million ounces eq at a recovery rate on par with the industry. This zone also includes 3 billion lbs of copper. This zone in itself is a substantial mine. The other zones writhin Goldstorm have less than ideal recovery rates but there are possible options however they become costly. To me the CS600 (and the to-be-defined high grade supercell) make the recovery argument old news and played out.
Number 2 is the MTT(Mitchel Treaty Tunnel) proposed by seabridge gold. The tunnel route is planned to pass through the Goldstorm deposit. This is the biggest reason for the decline in my view. Rudy (sea ceo) has not been speaking fondly of Tudor in his interviews. He has made a lot of empty promises and now the biggest threat to the seabridge KSM project is Treaty Creek and the meaningful resource it is in the process of proving through a PEA. The Licence of occupation for the tunnel expires in September and having not done the preliminary work on the tunnel portals the licence will expire and sea will need a new plan. They can renew the LOO and likely will, but once TUD puts out a PEA that will firmly exterminate the tunnel route as it currently stands. The risk here is that for some silly reason the government sides with seabridge and sterilizes our claim but that wouldnt make our "friendly mining jurisdiction" very friendly. TUD has remarkable relationships with the various First Nations groups and their say is a big voice.
Tudor is focused on developing a mine. There will not be as huge a drill program this year as they focus on the high grade and putting something workable together in a compact (circumstantially speaking) timeframe.
All Rudy wants is a reputation of having a home with many leather bound books and rich scents of Mohagany. His reputation is starting to spiral as KSM drags on. I ask myself who the heck else would pay for a hit piece on Tudor. I do want Seabridge to be a success along with Tudor but unfortunately it has turned into a bit of a them vs us thing.
Call Chris Curran, Investor relations and chat about all these things and he can speak more candidly about things.
good luck to us all. The upside potential here is substantial despite the fear and negativity.