Tudor Gold Corp V.TUD

SEA Tunnels

[Countrygent]

These Goldstorm results are excellent news for SEA.

Their claim to tenure for their tunnel proposal under Treaty Creek was looking shaky because the Province was led to believe they would be tunnelling through uneconomic ground.  Consider what the Province would want now.  SEA and TC can’t proceed without cooperation and support from the Province.  They have dozens of ways to hinder or help.  

At the end of the day what the Province would like to see is a robust, high production, long-life mining project out of both KSM and whatever TC ends up discovering.

The tunnel proposal was outdated because it couldn’t accommodate robust production from TC and KSM at one time.  The mill proposal is much the same - a mill to accommodate doubled production from both properties is obviously going to have economy of greater scale.

Consolidation is obvious.  Is SEA management capable of negotiating a fair-priced sell-out and walking in favour of a major miner?  No question Walter and Eric can be dealmakers.

in any event another layer of ambiguity and uncertainty has been removed.  SEA can’t go it alone, at least as I see it now.  And TC is the real deal, with a good shot at proving up the string of pearls theory’s along the red line - meaning PSZ and Eureka are now in the crosshairs for more added value.  SEA will have to wait.  But it’s probably worth the wait.  In the meantime the path of gold and copper prices might just be accommodated quite nicely.

cg

[rusty111]

Thank you for that write up of truth. Your a becon of hope.  

[MarcusA]

Many thanks, CountryGent! If I got you right and you are saying that a workable and therefore profitable solution requires an agreement of some sort between Sea and TC I wonder what follows. This surely would lead to something bigger, but bigger usually also means more nuts and bolts. The more players need to cooperate the more complicated it gets. And complications also means increased chance of

[Countrygent]

Marcus, there is no shortage of money available for economic projects. Total capital cost is not a problem - and when single project risks have been too large for one to swallow they canvass the crowd for partners just as bankers do with loan consortiums to spread risk. BHP, Codelco, Glencore, Freeport Mac, RioT, Teck, Newmont, Goldcorp, Barrick, Chinalco, Vale, Jaingxi Copper, yada yada. &

[MarcusA]

Excellent, CountryGent! That was quite helpful to me. It seems I had one thought too many. In my case occupational hazard, as you know.

[fordster]

CG- 'Do you have the same opinion of developing this project, if there was a major meltdown on the market? Would there be capitol to continue on? Looking at the major cities in US and the largest most beautiful buildings were built during the depression era due to cheap labor and costs. Would that principle apply here?

[Countrygent]

Fordster if we knew the price of gold and copper we’d have no worries predicting the future in the GT. Most PM and commodity investors are probably betting on the aggressive monetary reflation by central banks to create an economic bias towards inflation that makes stocks rotate towards basic materials and rising growth.   If you are asking king what would happen in the much more volatile

[Varingianest777]

Desolation drilling is the achilles heel for Seabridge. They will run into the same "problem" we did. There is GOLD everywhere! The ground needs to be empty of mineralization to be usefull to their cause.

[rockport1]

Countrygent, interesting that you see this as a positive for SEA due to Govt pressure. Without, I see SEA as a dead, landlocked project now. TC has now demonstrated it's authenticity, and the SEA tunnels are absolutely planned along the wrong (for them) route. If I understand correctly, the tunnel route is essentially running along the Sulphurets Thrust Line, which is basically where the

[Countrygent]

I believe there will be a potential tunnel route through TC - it’s not solid deposits. SEA’s issue is finding the clear route.  There will be one. I believe TC shareholders may be glossing over the access and ore handling issues for development of what might come at TC ... which may all have to be downhill and closer to the highway.  Wouldn’t ore movement capacity, and mill

[rockport1]

Yes, I agree with your take here. They will all benefit from some form of co-operative tunnel or transportation link.  As you state, the greater the value of the entire stable of camps, the higher the incentive for all parties involved.   What does really change for SEA however, is that surely, they are now the ugly sister.  TC is now the younger, prettier one. Any suitors

[Countrygent]

Rockport, agreed! All we need to do now is put on our lipstick and perfume, and wait for gentleman callers with candy and flowers? Funny week.  Great progress drilling and NR’s from the Amigoes, now DEC, just as our American cousins get ready to open a fire hydrant of cash ... and good news goes clunk on the markets. Be right, sit tight. cg