Patrick Donnely VP of capitol markets at Tudor Gold & CEO Ken Konkin have opened the doors of doubt recently with a slip of the tongue from Ken and a revelation from Patrick.
-Patrick has basically said: Majors have shown that they want to know and see more. Response to this was more work needs to be done to prove up what we think at this point could be a viable future mine.
In other words ... we are not quite ready for prime time as we are still shifting gears unexpectantly over the latest developments within close proximity to SC-1.
More drilling is needed to better define the resource and then shall the PEA commence that should reinforce the assessment.
-Ken stated recently that he stumbled upon the Brucejack basically admitting the discovery wasn't pinpointed primarily by means of geo scientific & geo physical expertise but by accident.
Statements like this by the executives of the company do raise some red flags.
Enough to warrant a further analysis and investigation into the background of the qualified persons and representatives of the company, particularly regarding the expertise displayed or not so well displayed of a detailed geo-scientific understanding of the property and neighboring closeology for specific data that's been and is being overlooked.
Yes, not only is the VP correct that more drilling is needed ... but an overhaul of where to drill next and getting it right is needed more.
The PEA will be delayed.