RE:Pocket PickingAll good points bovalena. The Red Chris deal was underpriced to Imperial by about half by my calculation. But it also matches up to the average deal over the past 20 years, so many of which were underpriced. A good example is the sale of GJ by Skeena to Newcrest for only $7 million. If I remember correctly, GJ had a resource of over 2 million oz. Au, so $3.50 per ounce in the ground for that one.
Great idea to have Teuton change up its model and become a streaming outfit. Just remember that streamers involved lots of debt, so the valuation equation changes based on debt service. I haven't crunched the numbers on that, but if the Treaty money goes to bankers for the next ten years until the streams come on line it might limit Dino's ability to do what he does best - market properties for option.
I'm not as negative on the DEC option. They will be exploring the exact area of that claim I like best. One thing I've already learned from investing in these companies is that you never ever know where the big hit is coming from. I never would have figured Garibaldi for example, as a stock that could go from $.14 to over $5.
If Mr. Storm can get Malartic type money for Treaty Creek, I'll buy California.