posted on
Aug 27, 2012 09:23PM
Strike, I am long TDC but believe that there are many more hurdles in the path to the mine development. I am being realistic. When financing is firmed up, there will definitely be some action in the share price. We have a few crucial steps in between............Disclosure: I am not an expert on the process through to development but I do ask a lot of questions. I have been down the South Porcupine Mine in Timmins, ON in 1975. My Great Uncle was a respected Diamond Driller in the north in the 30's and 40's. Interesting stories of his later prospecting days. Especially the contract to drill out gun placements at Gibraltar during WW2. I live in an area of BC that has had a mine commissioned recently (New Afton: NGD). In the last four years I have met many persons directly involved in bringing the New Afton mine to fruition. This mine is on the site of the historic Afton Mine. It was an easier process but took time. There are major differences as the infrastructure was already there. This is a major plus as you can all appreciate. As well, my home is directly affected by relations with the local First Nations Band. I know the frustration on both sides.................Back to the TDC share price. It is virtually impossible to predict the price until months after the first pour. Valuation is just speculation. Ore grades could disappoint. More ore, less ounces recovered. Hopefully the other way around. Think about the risks involved over the next few years. The unbridled optimism leads me to only one conclusion and I would rather not express that at this time............I am long TDC but unless someone can fast forward the process, the share price is not predictable until we see the money or the actual ounces come out of the ground. Just my observation and humble opinion.........As an aside, I went to a Woodstock Historical Society evening lecture a month ago. The topic was Gold Mining in Vermont in the 19th Century. As it happens, the next town over was the locale of much placer mining in the abundant streams in the area. A mini gold rush! Lots of quartz formation. Apparently Hurricane Irene has disturbed the stream beds so one can find many gold seekers on weekends trying their luck. May pick up a pan and try my luck when I return to VT later this week:).............By the way, I will benefit enormously when the process is completed. Time......