RE:RE:All of the posturing and bluster by the CEOsTUD is not a high grade project.
It is low grade, deep and uneconomical to mine.
There isn't enough high grade to feasibly mine here expaining the very reason there being no continuation of a PEA study.
There is no indication how many seasons of further drilling might be required to prove up a viable to mine resource.
No financier in this tight economic climate will touch the high risk prospects.
Not if TUD drills up another deep 30 million more low grade ounces uneconomical to mine.
Not if they drill up another 100 million low grade too deep to be economical ounces.
Aside from the above, TUD has numerous monumental problems to overcome before any major could possibly consider this as it stands, failing venture for acquisition outside of scooping it up for 10 cents on the dollar if that at best.