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Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s 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. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.


TSXV:TUO - Post by User

Bullboard Posts
Comment by stockzorgon Apr 16, 2019 1:35pm
64 Views
Post# 29634244

RE:RE:... our goal is to fast-track the exploration program at TC

RE:RE:... our goal is to fast-track the exploration program at TC
highper wrote: would that mean 3 drills or 4. 


If the first few holes come in big, it will bring Mr. Sprott back to the table for at least another 5% of Tudor.  That would allow for more drilling, but a good portion of the spend should go into a P&E mine design for a block cave at Goldstorm.  We just heard Mr. Rudi Fronk speak on the 500+ foot columns that will make Iron Cap block caving a cost saving cash cow.  With Goldstorm showing similar large widths of higher grade gold than Iron Cap's average, a good mine design would allow for a compliant resource estimate to be completed on a fast track basis. 

If Tudor can hit the end zone on a compliant resource of a few million ounces, the price of Treaty Creek just went up for Seabridge.  It's already higher than it was because of Newcrest's purchase of Red Chris resources at a healthy price.  The longer Seabridge waits to lock down the tunnel route, the more it will cost later.  If there's a good resource estimate Seabridge can justify using stock to get those ounces.

That's a bunch of "ifs" but I feel better this year than I did in 2018.
Bullboard Posts