RE:RE:RE:RE:RE:RE:Insiders are key. Alright, you guys don't understand any damn Zhit. So, no point in explaining, yet here is my 5 cents if that enlighten you!
SEA: 76 Moz M&I + additional 66 Moz inferred. Total market cap 1.86 B$.
Also, you should understand what they have. Kerr-Sulphuret-Mitchel in BC, Snowstorm with recent hits in Nevada, et.
Now coming to TUD: ~30 Moz and already at a market cap 1/3rd of SEA.
In simple terms, based on the resources, TUD's SP should be 1/5th of SEA. But remember, 20% interest will go to Teuton, the original owner of the Treaty Creek, that too without spending a single dime. So, TUD owns 24 Moz, which is roughly 1/6th of SEA.
Again another 20% will be fully carried by AMK. That means all the expenses until production will be burned by TUD. So, now the total value of TUD came down roughly to 1/7th of SEA.
Now the bad news: based on just the resource value comparison with SEA, TUD market cap should be 1.86 B$ / 7 = 220 M$. But, now it's market cap is almost 2.5 times this calculation. Means, we could equally argue that it is much over valued (or we need to see SEA price at $60).
But there are many other factors here to consider, such as the better location of TUD property, easy mining, scope for more drill hits, etc... Factored in everything, I am happy if I see $6. If gold price shoot up way too much and things change, then I will reconsider.
Anyway, I am always cheers to the longs.... but it is important to know what we are truly holding.
As a comment, I equally like Teuton as well. They have a hell lot of properties to take off in case of a gold boom!