RE:Fair value for TUD, TUO, and AMK based on AUeq in the ground That's a reasonable back of the envelope confirmation there is likely lots of value at TC.
As for using averages, I heard a pretty good example the other day as a warning to be careful ... nine welfare bums are drinking beer in a dive bar, hardly a nickle more than the price of their next round among all of them. Bill Gates walks in and orders a Diet Coke.
It's probably a bit misleading for the bartender to comment the average wealth of his patrons is around ten billion dollars?
TUD is adding value every drilling season, no end in sight. Price of copper and gold look poised to rise as does a cyclical rotation into metals and commodity stocks in general, perhaps with some hot money diving into the junior explorers (finally!).
All good for future prospects if greater economic tornadoes don't blow us all away. You have to handicap those probabilities yourself. Some crystal balls work better than others but if everybody had a great one, there wouldn't be much money to be made in higher risk speculation.
cg
cg