Teuton Valuation I pulled out my old spreadsheet on Teuton and updated for Goldstorm drilling through last year. I'm still using only the top 300 meters of Goldstorm to value TUO since I believe that resource has the best chance for near-term development in an open pit model. I used the drill holes 39 - 52 to get an idea of how much gold exists in the GS300 slice. These holes show an average mineralized interval of about 293 meters at about .8g/t on average. These holes were drilled over an area of 300x600 meters.
I get 148 million tons of material at .8g/t or about 3.814 million oz. Au. I'm still using only $30/oz. to value gold in the ground and I'm using $1700/oz as the price of gold to value the NSR.
Using this data, I get a value for Teuton stock of $2.28 per share.
If (and I stress IF), the next 150 meter step out hole hits the average of 293 meters and .8g/t Au, the valuation of the stock increases to $2.80 at 55.7 million shares fully diluted, which includes the recent stock option and PP activity.
As far as the full depth of Goldstorm drilling goes, for the 500x700m area of Goldstorm that has seen the most drilling activity to date (32 holes) I am showing an average mineralized interval of about 423m at .656g/t or about 8.9 million oz. Au through the end of 2019. This was calculated at about 416 million tons. Since many folks feel that Goldstorm will eventually be a 1 billion ton resource, there is room for further upside to these numbers.
Do your own due diligence. GLTA Doug