RE:RE:JV Partner AMK valuation versus TudorHey SStoktikk
I think AMK has in the realm of 280 million. Not "over 300 million" as you stated. Given the hellish state of the gold market over the last 10 years I would bet that most of that stock is now held in strong hands as the noncommitted would have probably bailed out long ago. Non-serious just wouldnt have weathered the storm. Makes a big difference who owns the stock no matter what the numbers are. Recent trading looks strong.
Tudor now has about 126 million. More will be issued as the drilling continues. I believe much of this stock is also now in strong hands with Storm himself holding a big chunk. Looks like the last weak hands are being flushed out now. Looking strong.
If I remember correctly TUO rolled back 5 or 6 for 1 a couple years ago and really decimated their long term holders. Not sure about their numbers now. They are looking strong too.
With Sprott's comments last week about 10-20 million oz gold at Treaty I think all 3 companies in the jv will do just fine with the amount of stock they have out now. Thats alot of ozs to go around!
Lots of companies with over 500 million out now that have nothing more than a hope and a prayer with their projects. Certainly not elephant category like this Treaty property could deliver. Very few properties in this day and age have the potential to deliver up over 5 million ozs of gold.
When Tudor says the Treaty property is world class they aren't bullshitting. I don't believe Sprott is bullshitting either.
GLTA