Tudor Gold Corp V.TUD

Pump it up - Pump it up

[Sasha11]

Here we go again, putting out more ounces based on unsupported assumptions.  Where is the preliminary economic assessment (PEA) that was supposed to come out in 2022, then 2023, then 2024?  The data is already there, but Tudor won’t publish a PEA because it doesn’t work.  I haven’t seen a company keep drilling at this rate, while delaying economic confirmation since that issue in Indonesia awhile back.  Difference is this isn’t fraud, its unscrupulous promotors pushing the regulatory limits.  Who in their right mind puts out Au equivalent grade of just 1.2 g/t (that includes ultra low Cu and Ag) in high refractory sulphides. JDS Engineering reported the related information last year.   Based on that mineralogy, metallurgy, and project logistics its not even close to a positive NPV.  This isn’t a copper prophy or oxide heap leach in Nevada.  So compare it to similar types of producers and it would take a 4-5 g/t Au cut-off, even at todays gold price.  They likely have a zero resource.  Tudor and their well paid consultants know it.  The general public should be made aware.  Where are the regulators?  Stop publishing a massive unrealistic resource, unless its supported by a PEA!

[Larry60]

fraud is a very strong word.  I do not think that is the case here. I think TUD is very concerned about lack of a viable processing method 4 years into this!!!  They clearly specify they do not have a saleable concentrate from met work done so far.  BUT they "think" they may find something viable. Met has been my biggest concern to date.  Still is. Time to sort

[Sasha11]

Larry if you read what I wrote “this isn’t fraud, its unscrupulous promotors”.  Further I don’t short stocks mainly due to the risks, even for one as obvious as Tudor.  I do play the juniors, which is why I don’t like the few bad firms damaging the reputation of this market for the rest of us.  The management, independent professionals and regulators all overseeing this project have

[Larry60]

Sasha, agree that not puttin out a PEA for few hundred thousand is a red flag.  Ive been saying this for close to a year now. Of course, if they have NOT figured out the metalllurgy then puttin out a PEA is problematic!!!!!!!!!!!!! But all the experts on SH keep tellin me the metallurgy is not a problem!!!!!!! Fordy says who cares about the metallurgy, its irrelevant!!!!!!!!!!!!!!

[Jetstream1281]

Larry I'd like to know exactly what you mean by "figuring out the metallurgy"....

[Larry60]

they still have no plan for processing the ore.   they dont have a viable concentrate yet.  THey think they may be able to do it certain ways, YET THEY HAVE YET TO DO SO.  Just throwaways. Usually youd have a deifinitve saleable product already.  They dont.  THey admit they dont.  BUt think they might if they do a, b and c...............SO I WANT THEM TO DO A, B

[Jetstream1281]

As I've started before...If you read the report, the following is made very clear: - A 45% of the gold in CS-600 can be achieved by a 2.5% mass pull gravity concentrate...that is normal and saleable - They are currently sitting at a 24.2% copper con on CS600L which I can guarantee you would be saleable in the current market..do your own research....last year 25% was thr average concentrate..

[Larry60]

I need them to say they, or more specifically the consultants, have a saleable product.  They are not there yet.  This doent take rocket scienece or tens of millions, just get it doen already!!!!! As the beneficiary of the TUD free ride on my TUO and AMK shares, Id like them to really step it up!!!!!!!!!!!!!!!!!!!

[cskhurasu]

Larry, your frustration is clear and understandable. Maybe the problem here is that KK is a geologist who likes to drill and find things, not an engineer who likes to make mines.

[Larry60]

Agreed. THeyve got the best GEO out there in KK.  BUt he will always be chasing the holy grail.  Always looking for the next brucejack. We need an engineer/metallurgist/operator in as COO......................and someon who knows sumthin about capital markets!!!! As I type, TUD might be hittin bids with the ATM program!!!!  Better than a 70 cent unit deal with a warrant at

[cskhurasu]

Larry, you really are addicted to exclamation marks. I'm surprised that key still works. I have always thought that geologists whould not run companies. The next drill hole is gonna be the big one. Geologists are paid to dream. Engineers are paid to find and fix problems. TUD has problems with metallurgy, pit slopes and mine design. They need an engineer to fix them. 

[Sasha11]

Larry You have a right to be concerned.  The metallurgy can be solved, it just cant be solved economically.  This is not the first project of this kind that goes no where.  Stop taking peoples money with this story.   The gold likely needs an autoclave which can't be profitable at this sulfur to gold grade ratio.  Flotation with this low a Au Cu grade in high

[fordster]

Your taking a smal section of the Horizon 300 and generalizing. KK said it might be as easy as mixing the ore with copper...your emphatic over a huge unknown ...and exactly when have you seen this world class team "take people's money" in a scandalous method as you claim? You POS's are trying to exploit fear during a normal period for a junior miner.

[TeckPro]

Oh it's our friendly 16 like Basher -))))) Note to all, these individuals are consistently making very damaging, negative, hypothetical views WITH ZERO PROOF!!!! Better known as slander! 

[cskhurasu]

Thank you Sasha11. You have stated the facts as I have tried to do for three years. The reason there is no PEA is that the existing data doesn't work to produce an economic deposit. 

[Larry60]

even TUD says they do NOT have a saleable concentrate in the 43-101..............but Fordy and Co. know better!!!!!!!!!!!!! I think there is a good chance TUD comes up with a solution for the processing..............but they gotta get goin on it.  Its been an obvious problem for 3 years now.  Just get er done!!!!!!!!!!!!!!!!!!!!

[Jetstream1281]

The only reason it's not considered saleable is because they are averaging the numbers across the entire cs-600 deposit....hence the 20% cu they quoted. CS-600L on its own gives you a 24+% which I can guarantee you would be saleable because it also contains gold/silver....Also, on a .005% mass pull they can pull 25% of the gold for a 6% gold con....on a 2.5% mass pull they pull another 20%...