Tudor Gold Corp. (TSX: TUD) (Pink: TDRRF) reviewed 10-03-2020
Market Cap: $406 M(USD)
Share Price: $2.52 (USD)
Shares outstanding: 168,600,000
Cash and cash equivalents: $6.45 M (CAD)
Debt: None, but may accrue
Credit facility: Unknown
Current operations: No
Insider holdings: High
Institutional: Low
Website: tudor-gold.com
News: https://tudor-gold.com/news-press/
President & CEO: Walter Storm
Company shares are 50% owned by Eric Sprott (19%) and Walter Storm (31%)
Treaty Creek (45,000 ac.) is a JV property with Teuton (20%) and American Creek (20%)
Tudor 100% owns three other properties: Electrum, Crown & Eskay North; total acreage 90,000
Operates in ‘golden triangle’, BC. Properties near to Seabridge’s KSM and Pretium’s ‘Valley of Kings’
High-grade near-surface deposits reported
Note: Drill hole grades looked better for silver than for gold. The Au grades were low, ranging from 0.56 to 1.16 g / ton but the intervals were quite long
Treaty Creek under development; six drill rigs operating in July. Discovered a significant gold-silver-copper mineralization deposit in Sept 2020 on Perfectstorm. Company presentation for all drill hole results should be reviewed
Bottom line:
- Good exploration area. Would be a difficult for a small company to build a mine here
- Share price has risen with drill results
- Sub-par website but CEO has a good track record
- No position