Bill Cara

Cara Community GSM 50: Tudor Gold

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