RE:about 50 million shares fully dilutedhighper wrote: What is the value of teuton's share of treaty creek today. What will it be after the drill results and the expected estimate of the resource size. In my mind. Will our share of treaty creek be worth more than $40 million or 82¢ per share. If you believe that to be the case than their may still be significant upside for the share price. Time will tell....
Just to recap my estimates after last year's drilling results, I am showing about 8.8 million oz. Au so far for Goldstorm (not counting Copper Belle). I am also showing about 3.8 million oz. Au just in the GS300 zones that have been drilled so far.
These numbers are conservative. For example, I am using only about 417 million tons at .656g/t Au for Goldstorm and 148 million tons at .8g/t for the shallow GS300 gold. This equates to only the more heavily drilled areas of about 500m X 700m for all of Goldstorm and only about 300m X 600 meters for the GS300 area. As you know, many folks are already talking in terms of a 1 billion ton resource over a much larger area.
As far as valuation, this puts me well over $1/sh already, with higher numbers likely to come later this year as results are made public. Mr. Sprott's $1.00/sh price for the warrants seems to confirm that thinking.
Perform you own DD. GLTA Doug