Tudor Gold Corp V.TUD

repost from : Countrygent on Jul 19, 2023 9:11pm

[CobraShelby]

The power to grant a right of way licence is likely not expressed as a power of expropriation of valuable economic interests, or there would be an expropriation scheme with compensation included.

What has probably occurred is SEA overreached in providing an assurance that they were not interfering with any known economic interests.  But they didn't drill to check - they just made some major assumptions.  TUD was in no position to categorically deny the basis on which the licence was issued until there had been drilling - speaking of which, was there ever public disclosure or assays done on the preliminary route drilling by SEA, I'm assuming it may have only been for geophysics and rock structures, and in any event too shallow to hit the deeper Goldstorm domains?

TUD has a legitimate complaint if SEA made false assurances upon which the licence and route was based.  

Surely, because both projects require downhill mill access, it actually makes sense to jointly plan and develop access that can service both properties - SEA's current proposal wouldn't have that capacity.  But SEA will go nuts because TUD is still so far away from proving up bankable feasability they will have to wait.

The government will want both properties to become economic engines.  What is their skin in the game?  Not to be sued by either party for economic loss.  Best guess, they revoke on the basis a key assurance from SEA, along the lines of "no significant economic loss to the TC property holders, is no longer sustainable.  Try again Rudi.  Play nice with Kenny and work something out.   These two properties cry out for consolidation and a larger phased mining plan feeding a single, larger mill.  But the economics of that mean SEA must wait, or find a joint buyer perhaps.

I'd be suprised if they leave the licence now Goldstorm has such a large potential mining footprint.

Just my opinions of course.  We'll see.  Lawyers wet dream.

cg

[fordster]

Fantastic post Shelby...points I was thinking: but NO-ONE here (CSK) has EVER mentioned the influence and the wishes of the First Nations (as they do have a damned strong say) CSK I can see you raising your hand in the back of the room frantically waving: "Seabridge...they love Seabridge" Oh contrare my pseudo friend, contrare. They love us perhaps more: we'll be going faster than

[cskhurasu]

My dear fordster...SEA is not waiting while TUD drills, it is spending $400 million building the KSM site. In his interviews, Rudi says of that $400 million spent over this year and last, 80%...more than $300 million...has gone to First Nation companies. SEA has reported they have signed impact benefit agreements with the Tahltan and Nisga'a. How you and your tired group of promoters can

[fordster]

Oh you got me beat on the narrative point. Clarification: you'll wait (most likely) for a JV until MTT issue is cleared up as we continue drilling...and you'll wait on that porition of the MTT going through Crown land (But were called "TUDOR" for a reason) Lets give it a break...respect the board.

[cskhurasu]

Agreed. I'll respect the board if you respect the facts.

[LonghandStrong]

A strong say?  The BC Supreme Court today just ruled that the entire mining claim system used by the Province violates indigenous rights and demanded it be replaced with a new one.   Safe jurisdiction? https://www.cbc.ca/news/canada/british-columbia/bc-supreme-court-rules-mining-rights-system-violates-indigenous-rights-1.6979288

[Larry60]

Yikes!!!!!!!!!!!!!!!!!!!!!!!!!!

[MarcusA]

Thanks, Cobra, for grounding  the "debate" with  a repost of CGs balanced and educated post. I have just  one question and some here with expierence regarding these legal matters might dare to make a guess - how long before we have decsion? Best, M

[CobraShelby]

Hello MarcusA No Idea or knowledge on this matter . I think longer it take bigger Goldstorm will be better are our change to bring this down since this is really proving that mister R did not do is due diligence and he was guessing only that nothing was there. But what really do I know on this matter, Nothing. It is in the hand of this judge. GLTA