TUD VP of CM Pat Donnelly said a couple times : In that interview to hang on there when asked about the PEA. ... and in his own words ...We were planning to start a PEA this year but then we discovered SC-1 and decided to lets focus on this ... bringing in FUSE Engineering and now the focus is to go back and do more drilling to see how big it is and get a resource estimate before we re-commence the PEA study.
He said they want to do more de-risking first which in my analysis, sounds like a cover up to buy more time due to a season of dashed expectations even a shortfall that had not been previously considered.
As I said earlier today, there isn't a drilling program lined up for 2025 without private funding having been lined up first here and now in a very tight market for it.
Tudor will spend the next 6 months in limbo regardless of arranging a financing to drill next season ... and after another season of no less drilling in vain without geo scientific expertise - they may or may not re-commence the PEA study after final assays and a new resource estimate is released.
Add to that additional time expense and dilution and a more than likely potential more complicated PEA to compile, and there will be no such PEA forthcoming until at least the Summer of 2026