RE:RE:RE:Another delay for the PEAFUlly agree that they should ADD high grade to the PEA................aka they should put out PEA and update it within the next 12 months.
It is a valid fear that they are averse to any PEA now for the fear that the economics will look terrible so theyre just CONTINUING TO elephant huntin in the hopes of finding high grade ......ideally VOK style.
With enought time, money and smarts, I think theyll make it happen.
But why get dilutied to kingdomecome when you can take a free ride with TUO ro AMK????????
TeckPro wrote: Yup. Anytime there is GOOD news the bashers are 1st to post inaccurate Hypothetical nonsence.
Perfect... Drill to hit some more high grade and then add assays to the PEA should be the plan.
2024 is going to be a good year, I can feel it in my bones-:)
GLTA Longs!
alpha74 wrote: Sasha11 wrote: The PEA keeps getting pushed back despite the necessary data being available. It wont work at 1.2 g/t Au equiv so they hope to find some high grade. Its fine to explore just don’t put out an ever increasing MRE, now over 25 M oz with nothing to support it economically. Here’s what will likely happen in the next 2 or 3 years if they cant keep delaying the envitable. Most Tudor management and directors will go on to other endeavors after collecting their bonuses and paychecks for as long as possible. The independent professionals that were involved will do the same. A new team will come in and may issue a news release (or not) stating the resource can’t be developed economically primarily due to grade vs the metallurgy and logistics. The shareholders who capitalized this company at over $200 million while drilling uneconomic ground over many years on the promise of an elephant will be left holding the bag.
I have rarely read such rubbish...