Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration-stage company. The Company is engaged in the business of acquiring, exploring, and dealing in mineral properties in the province of British Columbia, Canada. The Company owns interests in more than thirty properties in the prolific Golden Triangle area of northwestern British Columbia. Its property portfolio includes Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property.

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Teuton Resources Corp > Off Season Blues

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Comment by NineLiveson Feb 22, 2024 3:38am

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Post# 35892557

RE:RE:RE:RE:Off Season Blues

Not to split hairs but they only have $1.5 million in cash, the other $7.6 million is in marketable securities (which for tax purposes) they may not want to sell at this stage. Currently they've been reporting losses on those securities as like the majority of exploration stocks continue to trade downwards.

But yes, quarterly expenses are low at just over $100k. If the company wishes to explore their own properties (not optioned out) then yes they'll need cash.
As mentioned before my accumulation continues as does my research on TUO. It's a slow process delving into historical data on previous exploration of current claims.

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