RE:RE:Well that NR was interesting Teckpro, SEA has spent hundreds of millions and is on the verge of spending billions.
TUD has spent tens of millions and only has $0.7 million in the bank as of sept 30
Do the math
Money, and permits, talk
TeckPro wrote: Well for a start the Gov official (or officials) who have caused this very unfair issue will be called to the stand to explain how a company "SEA" is given decades to complete a tunnel that should have been done prior to TUD purchasing 60% of TC.
TUD has drilling rights (by the Gov) and now (after many years and hundreds of millions spent to explore) have discovered a higher grade deposit than SEA. Now SEA believes they have the right to drill through the HEART of the highest grades of the proven super cells? This should be a slam dunk in favor of TUD.
Meanwhile taxpayers pay the exhorbitant salaries of these beauracrats who don't have a clue about making $$ in the real Business world.
No different to Canada Post employees who want a 25% raise when for 2023, "the Corporation recorded a loss before tax of $748 million, compared to a loss before tax of $548 million in 2022. From 2018 to 2023, Canada Post lost $3 billion before taxes".
Gotta love efficient Gov services eh?
Oh Canada!
NineLives wrote: Still believe Seabridge should buy out TC. Save all the headaches coming their way.
Good news for TUD, as this doesn't affect any work they're doing.
Will not have any bearing whatsoever on the ability of TUD to raise further funds. In fact will probably help them. More world wide exposure to large Gold equivalent deposits.
Will hurt Seabridge much more as inhibits further work on the tunnel plus adds more confusion and angst in them finding a JV partner.
Lawyer Costs not good but if they win get SEA to pay all costs for starting this friction in first place.
In this world it's only fair to stand up for your rights which the TC trio hold over their claims. Don't get bullied. JMHO.