now Tudor versus TeutonTeuton as well undervalued compared to operator V.TUD
TUD: FD Shares approx 170mm * 0.68current SP = 116 million
for a 60% (not carried) interest. Means each 10% interest in TV valued at about 20mm Can$
that would imply at least 40million for Teutons 20% interest
then add at least a 25% premium for the "carried through exploration" clause and
another 10 million for the royalties.
So if TUDOR is worth 116 million on 60% then TUD has more than 150% upside just to match that.
I wonder why Eric sprott did invest in all 3 companies. Solid DueDillinenge would have implied Teuton best value here?
any comments?