Tudor Gold Corp V.TUD

Buyout soon?

[Jaskula]

I met Ken two weeks ago at PDAC, apparently their is lots of interest from several majors and they are reviewing all data in detail. Based on the stage where they are now, I would assume that at this stage a deal has to happen before the summer this year. The project is located in the Golden Triangle close to all infrastructure, close to other operating mines owned by Newcrest, Newmont, Teck, etc. 
Ken showed me the property map with outlined geophysical anomalies, there will be at least 2 or 3 large open pits, each about 2-3 km in size and 500-600 m deep. The first resource estimate from last year relates to the first open pit. The update this year is from initial drilling in the second anomaly (second open pit) which covered maybe 20% of area of the anomaly. So there is a great petential to expand the resource to 60 mln oz or higher.
So what happens next? It would be natural to perform PEA studies to show economics. In the meantime the resource estimate will get expanded further. But if I was a CEO of Newmont or Newcrest, I would not like to wait for more data and the project to grow. Nobody can afford $10-15 bln takeover (note, 60 mln oz is  NPV value around $60bln US, assuming gold price $2,000/oz), They have to act now, make the offer with a complete buyout or  buy into the project with at least 51% stake.  They may want to wait a few weeks for the first mettalurgy data, but if the geology is similar to Red Chris, everyone would expect the positive results. The project overall is derisked because of the adjacent mining activity, and the majors could act now without waiting for additional data. So, my hunch tells me, the offer could come within 2-3 weeks without mettalurgy or in May-June, if they  want to wait for mettalurgy data. If I was a CEO of a major, I would act now. .  

Do you remember BRE-X scandal in 1996?  They have estimated 50 mln oz and the stock got pumped to $100 and then the stock crushed based on fake data. This time this is the Real One. Once in a lifetime opporunity. Do not miss it. Do not wait too long.

[GillRipper]

Fair comment IMHO. I'll go with the 51% Seabridge Webinat tomorrow for those Interested. Seabridge Webinar YUP. Kind Regards To All Gilly

[MrVerbatim9800]

No Buy out thanks. Tired of getting pennies on the dollar with these damn buy outs.... A merger, maybe.... Perfect world, TUD remains the majority holder.. V

[Countrygent]

The podcast interview suggests TUD won't do a deal unless there is an extraordinary premium to market.  They believe they may have much higher value deposits somewhere on the property, and have been surprised by Goldstorm's grades going North - still open and requiring drilling. I thought I started to hear KK say "Freeport ..." and then correct himself.  There is