RE:Comparative valuations............TUD VS TUOgamer007 wrote: Personally, I've been picking up more TUO, as they are 25 to 30 % cheaper from a market cap valuation.............not as liqiuid as tud for traders, but is a better investment right now .....................for the long term take out will value both equally !
Just my take................plus tuo is a project generator with many cylinders firing at once !
You have to consider the 1% nsr TUO owns with no buy back option and the heavy dilution, TUD is suffering. More than 20 mio TUD warrants expiring in 2020...
Here is an example calculation for a 1% nsr
https://teuton.com/royalties/ Case Study #1 calculation: Pretium’s Snowfield property currently has a resource of 25.9 million ounces of gold (1,370 million tonnes at 0.59 g/t gold). Assuming 90% of this gold is recoverable, we are left with 23.3 million ounces. Subtract 10% of this for typical NSR deductions. That leaves 21.0 million ounces, of which 1% or 210,000 ounces is payable to the royalty owner. Value at current gold price of $1846 CDN is $388 million.