Post by
geolteacher on Dec 01, 2023 2:18am
why would Tudor wanna buy SEA?
KSM's grade is pretty rotten low. The grade at Treaty Creek continues to edge higher.
I think the IRR on developing SEA's KSM is probably pretty lousy. Tudor or anyone who owns it will probably shop elsewhere.
Comment by
cskhurasu on Dec 01, 2023 2:11pm
I believe the after-tax IRR for KSM is +15% at $1784 gold which is really good in market terms. An incredibly low strip ratio and hydro instead of diesel power turns out to be just as important as grade. There is more to a mine than drill holes.