RE:RE:Teuton Valuation No mistake Olympia. My calculations are the worst case scenario, but they show a couple of things. First, that the Teuton NSR is a huge asset. Second, that Tudor will need to make a much better deal to pay out its shareholders - and that represents a bunch of upside for Teuton shares. Third, that no matter how much you expect to get for the gold in the ground, the valuation of Teuton is very favorable compared to Tudor. And finally, Tudor absolutely needs to market Treaty Creek on the basis of all gold discovered, not just the top 300 meters.
Right now, I see a Treaty Creek deal as coming in at about $600 million, giving TUD a value of about $2/share, and Teuton a value of around $3.50. However, I think TUD needs to pretty much double that deal value through this year's drilling and the initial resource estimate. Teuton's stock has major leverage in this deal calculation that has still not been understood by the market.