Tudor Gold Corp V.TUD

KSM MTT gives Goldstorm a 5 year headstart to catch up

[rockport1]

KSM is currently well ahead of Goldstorm in the mine development timelines. However, keep in mind that the MTT alone will take five years to build.  Goldstorm can "catch-up" several years even once the new MTT construction begins. 

I would expect that it may take a couple of years to finalize a new MTT route and conduct all the geotechnical work, etc.  That would imply a seven years notice before mine commissioning for KSM.  

Assume for a moment that Tudor can find the limits of Goldstorm within two years, then take another two years to a PFS;  another three years to a bankable FS.  On the assumption that both KSM and Goldstorm eventually go forward, the startup dates could end up within a few years of each other.

Of course, this scenario is dependent on many factors, not the least that Tudor will fastrack Goldstorm at the expense of all other TC deposits.   It does indicate that because KSM has progressed so slowly and has a long buildout, that the two projects are much closer in mine development timelines than it appears at this moment.

[stockzorg]

Given the amount of time it takes to develop a mine the world will run out of both copper and silver shortly.  Then things will change for both projects.

[cskhurasu]

Rockport1, you are missing a few slots in the timeline such as obtaining an Environmental Assessment Certificate. You are looking at at least 10 years to catch up to where SEA is and at these metal prices they will be well into production. Take baby steps first...a PEA that works economically. 

[Jetstream1281]

Keep in mind that brucejack was started at relatively the same time as KSM....it wouldn't take too long if the powers that be want it to.

[Galaxym31]

Is there a Brucejack about to be uncovered in the NE of GS  ?

[stockzorg]

Goldstorm is very consistent within domains so I don't expect a VOK type discovery there. I do think there could be a VOK style discovery down where the Brucejack and STF faults converge or further north along the Kyba Red Line.  This would be consistent with the high grade drill results obtained by Newcrest to the north of VOK toward the TC border.  3.5km north of VOK is Golden