Tudor Gold Corp V.TUD

Tudor should focus on Japanese partners

[rockport1]

Now that Goldstorm contains a significant critical minerals component in copper, Tudor should cultivate and focus on bringing in Japanese partners.  They tend to take a long term view of projects, and are now looking to secure long term sources of these critical minerals.

Another company I own, FPX Minerals, is developing a green source of nickel.  By developing long term Japanese partners, their last three financings have been at a 30% to 70% premium to market.  If retail investors are not supporting the price, they have found a way to minimize dilution.  Companies taking strategic positions or partnerships are: Sumitomo, Toyota/Panasonic, and JOGMEC (essentially Japanese Govt).

In addition to the premium to market financings, the Jpns partners are long term holders, meaning they don't sell back into the market. In fact, they usually participate in every financing to maintain their positions of around 9.9% of FPX.  FPX also has non-Jpns partners in Outokompo and a strategic unamed partner (could be Jpns, possibly a automotive company).

All this to say, that given the current market environment, Tudor needs to find new reliable partners for financing. The huge copper resource at Goldstorm gives them an important way into discussions with such long term partners. It takes time with the Japanese, as they will do significant due diligence. However, if they come on board, they are exactly the types of partners that a project of this size would benefit from.  It might give Tudor the opportunity to also develop Perfectstorm and other deposits before a takeover.

[cskhurasu]

Good post, Rockport1. You sre right. Japanese smelters are the perfect finacial partners. They ususally want reserves and they definitely want an operating partner to build and operate the mine. Does TC have enough copper for a smelter deal? Not even close.

[Larry60]

Id have to agree with CSK here. If your sellin copper as the angle, SEA is head and shoulders above TUD on copper..........the whole mountain in the way thing aside!! But Im in TC for the GOLD!!!! If they can get decent recoveries on the Cu great, but more of a side show. SEA has no choice but to recover the gold and copper.

[rockport1]

Forgot to mention that according to the back of my envelope, with 3 billion lbs of copper, a 30 year mine life would produce about 23 thousand tonnes per year.  This would put it around the top six largest copper mines in Canada.  If they are able to expand to 4 billion lbs or more as Mr. Konkin has targetted, or if they mine at a faster rate, then these numbers could push the copper

[Galaxym31]

more like 50 thousand tons . 3 000 000 000 \ 2000 = 1 500 000 tons / 30 years 

[rockport1]

Galaxy, yes your numbers are more accurate.  I did the math in my head and then discounted by 50% to be conservative for mineable reserves.  Didn't want folks complaining about being too optomistic. But, I agree, in a perfect world they could produce in the 50 thousand tonne range.  That is a shxxload of copper!  The Japanese Govt is working with industry to secure long