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Tudor Gold Corp V.TUD

Alternate Symbol(s):  TDRRF

Tudor Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company has claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in Treaty Creek gold project, located in northwestern British Columbia, which is host to the Goldstorm Deposit, a large gold-copper porphyry system, as well as several other mineralized zones. The Company's Treaty Creek property covers an area of approximately 17,913 hectares.


TSXV:TUD - Post by User

Comment by rockport1on Aug 25, 2024 4:02am
173 Views
Post# 36195023

RE:The next month should be interesting....

RE:The next month should be interesting....Jetstream, personally I think the KSM project is too big and represents too many potential jobs and economic benefits to be denied.  My guess is that the extension will be granted, but with more clearly defined requirements that will statisfy the "prior rights holders," I.e. that the Treaty Creek parties must agree to any compensation or, more likely, a re-route before any construction permits will be granted.

If the AMK buyout actually closes, that sets the minimum value of Treaty Creek at one billion dollars. So if the MTT was to sterilze the Goldstorm deposit, that should be the minimum compensation to satisfy prior rights holders.  This amount is likely too steep for Seabridge, so I would expect a reroute. 

After reviewing the potential alternate routes, my guess is that the least damaging to the "prior rights holders" is for Seabridge to head NW on its own property until it is roughly due West of the Sourthern boundry of its "landlocked" property block inside Treaty Creek. The new MTT could cross into the Treaty Creek claim block and then travel primarily East in the Seabridge block.  This would minimize the impact on Treaty Creek and arguably would be the least expensive for SEA. 

However, this assumes that the reroute works from an elevation profile perspective and makes logistical sense.  It would also have the lowest possiblity of disturbing any potential Treaty Creek zones along the Kyba Red Line. 

Cheers

Jetstream1281 wrote: Not only do we have more results coming from TUD, the AMK saga unfolding, we are also only a month out from SEA mtt LOO expiring.....30 days from now we could be in a much different scenario from where we currently are.


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