Tudor Gold Corp.
Expands & Upgrades Resources Amid Rising M&A Activity
Published: 3/14/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Gold
Ticker Symbols:TUD.V - NEO 🔹TDRRF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.9 |
| Fair Value | US $2.48 |
| Risk | 5 |
| 52 Week Range | US $0.80-1.83 |
| Shares O/S (M) | 229 |
| Market Cap. (M) | US $206 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 1.8 |
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Report Highlights
Highlights
TUD has completed an updated resource estimate for its 60% owned Treaty Creek project, located in the Golden Triangle, B.C.
Resources increased by 10% to 34 Moz AuEq (78% gold + 22% copper/silver). Eighty-two percent of resources are in the indicated category vs just 76% for the previous estimate, implying a higher level of confidence.
The weighted average grade was up 10% to 1.20 g/t AuEq, implying potential for lower OPEX/CAPEX.
We believe there is resource expansion potential as the Goldstorm deposit remains open i
