Post by
GraviTee on Nov 18, 2024 12:13pm
Ask why the majors aren't into companies like Tudor Gold
Its not only that TUD is years away from completing the process of attempting at best to put the makings of a mine together barring a number of miracles.
Its got nothing to do with proving up more low grade deep refractory ounces.
The majors are moving away from deep low grade refractory ore.
They are targeting the numerous near surface, high grade, cost effective and labour intensive prospects being explored studied and permitted... as gold exploration has massively increased spurred on by rising gold prices.
Rising gold prices are not cost effective or economically feasible to take on Goldstorm with rising costs all in. They won't be even after the 10 or more years from now when Tudor if by some impossible dream will have completed all the studies and readied all the permits.
Yet still in such a hostile environment perched on the side of a moutain dipping sharply beneath it, and then with no roads laid down or power lines available, ... 8 months of winter, and a neighbor looking to undermine the the whole process with an endless legal mess all its own.
... Cost prohibitive is putting it mildly ... and more than enough to scare any major out of their boots.
In 10 years the buyout price will keep the majors away permanently in what it will cost to buy out the market cap here in itself alone with who knows how many more low grade additional ounces and the millions into the billions of outstanding shares to deal with.
Let me break it all down in technical terms to back this brief laymans approach to reality.
This may be understandibly a little extreme for some to digest.
So ... Next time Next post.