Tudor Gold Corp V.TUD

Government Renews Seabridge Gold's License of Occupation

[Robizounskin]

New Press Release - B.C. Government Renews Seabridge Gold's License of Occupation for an Additional 20 Years for its KSM Project's Mitchell Treaty Tunnels

TSX:SEA Forum Post | PressRelease-36239767 | New Press Release - B.C. Government Renews Seabridge Gold's License of Occupation for an Additional 20 Years for its KSM Project's Mitchell Treaty Tunnels | Seabridge Gold Inc (stockhouse.com)

[fordster]

As I posted over on AMK...They still must pay for sterilization of TC...they can't afford that...works for me. Rudi needs to start coming to the table...

[curtis111]

Ya, well we're going to need some clarification on this pretty quick.. 

[GuruNN]

I don't trust Rudy at all. He has never been accurate.  Still waiting for the response of Tudor! Hopefully they intend to publish the LOO

[thehammer2]

Vancouver, British Columbia--(Newsfile Corp. - December 21, 2021) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to announce that the Company's Board of Directors has appointed Mr. Ken Konkin as President & CEO.   “Seabridge continues to invite Tudor to enter into discussions with us on how we may be able to

[cskhurasu]

SEA has been accurate about the LOO. They said they had over-riding rights to the MTT through the TC claims and they have the LOO renewal to prove it. There is no way they could misrepresent something as important to KSM as the MTT without huge liability.

[budwieser]

Except the part about compensation for the mineable deposit, COMPENSATION means cash like 10 billion

[curtis111]

Rudy and Ken get this sorted out NOW so shareholders can take advantage of these markets. Many strong plays right now. I hold shares in both companies but if need be, without agreement between you both, I and I'm sure many others will move on to other opportunities.. I've seen what happens when these things end up before the courts (amk/tuo) and it's not good for anyone. If I was an

[cskhurasu]

As the SEA news release points out, there is nothing to sort out until TUD has definitive and approved mine plans that would interfer with the MTT. At that point, something has to be worked out...maybe changing the MTT route. I can't see SEA shareholders selling when SEA got exactly what it wanted and what it said it already had.

[cskhurasu]

Why would SEA pay compensation to TUD when the MTT route does not interfere with any TUD regulator-approved mining plans. TUD remains free to continue exploration on TC to progress the property. SEA says in their news release they want to meet and harmonize activities where possible to prevent conflicts. I don't see what all the fuss is about. Nothing has changed for TUD. The LOO has been

[curtis111]

They have and they haven't. They're accurate about what they have but they still don't have permitting for the tunnels through Treaty. This is the next hurtle. I suspect that Tudor now objects to the LOO and we end up waiting for the appeal which takes months if not years, then if they lose that we end up in court for the final remedy. Sea then has to sit and wait for a partner to

[Signman]

Really not unexpected the way I see it. The court was not going to deal a huge blow to SEA and the institutional buy ins with a knee chop by denying the access outright. They kicked the can down the road again with hopes the parties work this out on their own. With big things like this courts always seem to want to "split the baby." SEA can claim victory and their camp is happy(?) with

[curtis111]

Great post Signman. With the response issued by Tudor I think we can all see if a permit was somehow to be granted we would be moving towards appeals after appeal. I hope this can be worked out in a timely fashion so not to effect shareholder's. 

[Jetstream1281]

Things are about to get interesting!!

[cskhurasu]

There is no court invoved in the granting of the LOO or the permits.

[Signman]

OMG the court will be involved when TUD appeals any step on the TC claim ?! 

[fordster]

Totally Sign...but the law is straightforward and simple...but if they should start playing that game, courts would be involved. That probably hurts Rudi more than us...he would be extremely ignorant to try that.

[Bushpilot]

I'm curious about something...the court action and appeals would tie Seabridge up from proceeding with the tunnel, but would that have any effect on Tudor proceeding ahead with developing their mine?

[curtis111]

I think Tudor would be successful but it's the cost associated and dilution required that would hurt Tudor. We don't want to be paying lawyers instead of developing a mine. 

[Signman]

The mineral rights are absolute. TUD will win . SEA would be stupid to try and move in the TC claim. There only chance is a re route. I have no idea if Canada has a "loser pays" in court battles but I expect TUD would win IF it ever got to that point. And that point , with appeals , is a long way down the road IMO. 

[Jetstream1281]

TUD can continue doing everything they need to (except drill on the MTT route) SEA can do NOTHING on the MTT route until it gets settled....

[Signman]

JS But, as I understand it (correct me if not) , IF seabridge started this MMT "they" would need to drill it it first and reveal the results to TUD. Thus advatage TUD as it would likely show additional mineraization to that area that SEA would need to pay for. Would they risk that as it only bolsters the TC cliam? 

[Jetstream1281]

From what I know, SEA did in fact complete the 50-ish holes they said they were going to do.....whether that is enough to apply for a permit I am unsure...I also don't know if those cores were assayed by TUD or not. They were to be handed over once SEA geologists had their look at them for tunnel engineering purposes.... The one thing we do know at this point is that SEA does NOT have a

[Signman]

Thanks Jetstream. Yeah I seem to remember something about that confusion whether TUD saw those cores of not?! So what if TUD never saw them and SEA found mineralization in them ? Maybe why SEA has been dragging their feet for a some time now? Just speculating why . But yes .. we are good. Not worried at all! 

[Jetstream1281]

The biggest thing that concerns me is SEA releasing news before TUD has even been notified by the government.....That should NOT be allowed to happen...

[Signman]

JS are you honestly surprized Rudy would do this ? ;) 

[Jetstream1281]

No I'm not...if he gets his side out first he thinks it'll carry more weight....I find it disturbing that he had that knowledge before TUD sering as it's their property being impacted....that's a government issue...and a BIG one.

[Jetstream1281]

That should be "considering that it's their property..." By law they are supposed to be notified of any changes that impact them...

[curtis111]

I called the province and that stayed any extension of an LoO would be here https://comment.nrs.gov.bc.ca/applications?id=63eff4fc86888f00227339a4 The fact that it's not doesn't make any sense, they are looking into it now on the Provinces side to see why it's not public.

[NineLives]

curtis111, well done ! 

[TeckPro]

Government's have lost so many court cases over the years because of beaucracy and incompetence.  The Court will decide (which seems to be TUD's stance) unless common sense prevails.  TUD has spent tens of millions and years drilling on their property. Now SEA expects to go through the heart of Goldstorm?  Arrogance at it's best!  This is 3rd world behaviour

[Jetstream1281]

As I've said before, this would aboslutely DESTROY BC's reputation as a safe mining district.....If you can have someone come in and nullify your investment, good luck getting anyone to invest here....

[TeckPro]

Do you think that the highly overpaid beaucrats care? All Unionized and protected. Time for people to wake up. 

[thehammer2]

1) " Tudor Gold states that the Company has not been provided by the Government of British Columbia with any copy of the license of occupation nor has it been informed of the reasons for granting the license of occupation as announced this morning by Seabridge Gold Inc." -  This is out right WRONG!!  2)  When the final set of assays are reported on -  Watch Out.

[Jetstream1281]

I have also contacted the government and requested that they provide a satement of clarity to all parties involved...

[Jetstream1281]

....In addition I contracted Nathan Cullen (BC's minister  directly for clarification.....I encourage eveyrone else to do the same... https://www.leg.bc.ca/members/42nd-Parliament/Cullen-Nathan

[garzillalives]

Think about it for a second. Did we really think that the BC government was not going to allow SEA to occupy the land? Of course they are going to allow it after all the time and money put into it. The real issue comes down to the road or tunnel or whatever happens to be the solution to their conundrum. It was was rude of SEA to not inform TUD first but it was not required.

[Jetstream1281]

This is where you are wrong.... The BC Government IS in fact required to notify TUD when a change like this happens....

[garzillalives]

What change? It says "Renew" as in a continuation of what already existed.

[Jetstream1281]

With the change that SEA is now no longer subject to TUD's prior mineral tenures.....That's kind of a big item no????

[garzillalives]

Does it actually say that? TUD is still in the driver seat even if it does.

[Jetstream1281]

look at the highlighted section: Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that B.C. government renewed the License of Occupation ("LoO") for the Mitchell Treaty Tunnels ("MTT") at Seabridge's KSM Project until September 27, 2044. The LoO provides Seabridge's wholly owned subsidiary, KSM Mining

[Jetstream1281]

Except it didn't highlight....paragraph 3 This new LoO replaces the original LoO for the MTT granted in 2014. The wording in the original LoO which provided that KSMCo's rights under the LoO were "subject to the prior rights" of the holder of the 11 mineral claims owned by the Treaty Project Claim Holders has been removed from the newly issued LoO because it served no purpose.

[garzillalives]

OK, I'm wrong.

[TeckPro]

The Government cannot change what was already granted especially years and tens of millions spent exploring that area. Total madness if this is indeed a fact.  I'd like to know exactiy who stamped and supposedly approved this new Loo.  They will lose in court or Canada will become the laughing stock of the mining world. No biggie... The poor Taxpayers always pay the price anyway.&

[Jetstream1281]

Email:  [e-mail]

[CaptainE]

This is the email for the honourable Josie Osborne. The minister for energy, mines and low-carbon initiatives. I raised my voice questioning the poor release of the information(Tudor not knowing), and also brought up how this brings forth a poor reputation for a safe mining jurisdiction and continued investment interest amongst other things. Rudy and Ken.... merge the companies and make a behemoth

[CaptainE]

Dang, the ministers office has been rendered useless (my words) due to the coming provincial election. The emails will be stacked for when the election dust settles. 

[Jetstream1281]

I contacted Nathan Cullen, minister of water, land and resource stewardship as well as Bruce Ralston,  minister of forests... I also sent an email to the BC Front Counter email asking the same questions... It seems with the election happening much has been dissolved and not really currently functioning so may take a while to get answers....

[Stockmoves1]

Good job Guys this is silly being in no mans land / one would think TUD has been putting all types of pressure on these guys to no avail / makes you wonder and the I remember the people that typically run goverment lol

[Jetstream1281]

It's one thing when it's a level playing field, but when only one party has the information and thrn decides to use it as leverage it's pretty disturbing...even more so when our own government enables it...

[TeckPro]

Did you see the spectacle in the HOC today?  No confidence motion failed because all the minority parties banded together to keep their big fat salaries and pensions?  They refuse to call an Election because they know that Canadians will vote them out in a Landslide. This is typical in countries like Venezuela. 

[Jetstream1281]

Our political system is almost as much of a disaster as the US...

[LonghandStrong]

Don't be a basher Jetstream.   Keep believing the echo chamber on these boards!   It's far easier to do that and pre-spend all your chips than ask reasonable questions.

[Jetstream1281]

????

[cskhurasu]

SEA publicized the fact that they were applying for a renewal of the LOO and TUD had stated it was making an application to oppose it. There are no surprises here. 

[TeckPro]

100%!!!   Adding to this I think the timing of TUD's announcement on September 16, 2024 was brilliant - > Tudor Gold Signs Contract With Fuse Advisors To Advance Treaty Creek’s Goldstorm Deposit, Golden Triangle Of British Columbia! This cannot be overlooked, must proceed, and results will Cement TUD's legal position regarding Treaty Creek’s Goldstorm!  SEA is between a

[budwieser]

It's simple , if Sea wants to build the tunnel they pay for whatever Tud can't mine , like billions , so that puts the brakes on KMS, unless the route changes or Rudi buys a Zeppelin fleet

[Signman]

YES bring back the Zeppelins ! The old world form of transportation needs a come back. IYKYK

[cskhurasu]

I recall in a previous news release SEA said it had completed the drilling before applying for the additional permits. They would have had to provide the core to TUD for the holes drilled on the TC ground. Why is the MTT route an issue for TUD until it has definitive mine plans? Just carry on with exploration unimpeded.

[Jetstream1281]

If the LoO is in effect they are unable to explore that piece of land. I think the fact that they are fighting this shows that it DOES impact their plans.....I think the PEA will show this.

[Olympia2]

but doesn't SEA have to drill along the MTT route to test mineralisation?

[NineLives]

Bushpilot, The development of Treaty Creek is a little ways off so that remains in favour of TUD due to the fact Seabridge is still trying to find a JV partner and that process is already long in the tooth, and this hic-cup could delay it further. Also it won't have any bearing on the future PEA Tudor is conducting.  So all in all no immediate issues for Tudor, but more for SeaBridge.

[Signman]

NL Yes ! my feeling as well. SEA still has the pressure on. TUD not so much at all.