RE:TUO ValuationBovalena, I don't think the NSR will be sold by Teuton. Dino's vision is for Teuton's project generation to evolve into a streaming company, hence why all the properties they option out have a no-buyback NSR in them.
Here's my most likely scenario. Teuton will spin out Goldstorm/Treaty Creek: shareholders at that time will become shareholders of both companies. The non-Goldstorm company to hold the NSR along with most other Teuton properties and NSRs.. The spun-out company will eventually be consolidated with AMK and Tudor. This company will then be bought out.
Teuton will continue with all the remaining properties and NSRs, including the likely to be streaming Goldstorm NSR. This is all speculation on my part. Last time i contacted Dino, he didn't specify how the spin-out is expected to go; only saying that the legal team was analysing the most advantageous way forward.
Note, that Teuton has already said they would like a double spin-out based on the locations of specific properites. This however, was when Teuton was flush with cash and before the markets turned ugly. With gold making this run, and the share price picking up, I would expect more activity on this front.
bovalena wrote: Thanks Larry, I understand about the beauty of the NSR and the reflexion of its worth as described by Zorg. It is my feeling that Teuton will never get that "far along" that it has to pay for its share of capital cost in building such an expensive mine. That is why I speak in terms of "gold in the ground". It will be sold long before then and it is that predevelopment valuation we are speculating on. So with that in mind, what is the consensus of the recent "simplistic" and extrapolated valuation calculation I suggested and please note I tend to base all of this on the historic price paid for Malartic, Great Bear, and such others. WW