Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.

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Teuton Resources Corp

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Comment by rockport1on Nov 17, 2020 2:11pm

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Post# 31915613

RE:RE:Ok what’s throwing me off

So Marcus, I beleive the size of the Treaty Creek deposits is a real conundrum. If it was a series of potentially two to five million ounce deposits, they could continue drilling at their own pace. However, when each deposit is potentially world class the pace of drilling is a problem.

Obviously, it is extremely unlikely that the amigos will develop this themselves, so then the question is when and how do you sell/spin-off? Dividing the property and spinning off deposits separately would seem to introduce many logistical problems and eliminate the benefits of developing as single cohesive group of projects with shared facilities, shared access, etc.

My guess is 2021 will look something like this:

Goldstorm: Q1 Resource (mainly 300 horizon); maybe PEA to follow. Drill, drill, drill for follow-up Resource after 2021 drilling, which would include the 600 horizon and DS5.

PSZ & Orpiment: Q2-Q4 Drill enough holes/step-outs to get a decent sense of the grades and size of the deposits. Unlikely they can do enough drilling for resource, unless they have a crazy number of drills turning.

They could look to sell the project as package that includes all three amigos interests. Ideally, since the full extent of the PSZ, Orpiment and other deposits have not been defined, but are cleary significant, the deal could include a pro-rated royalty for the original amigo companies. It could also or alternately include a per ounce payments based on any resources defined at Treaty Creek.

Given the size of the projects, my guess is any potential buyout will have to include some trailing royalty or per ounce payment if it comes before the deposits are fully defined. This is possible because controlling interests are in friendly hands.

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On a side note, a Canadian response to Trump supporters considering a move to Canada since they are so upset about the election loss. Pretty funny. https://mobile.twitter.com/polarsprite/status/1325434491234480134

MarcusA wrote: I am interested in the timeline regarding PSZ: How long will take them to drill that (given that they use what they now use on GS). Will they be able to finish in 2021?

I am asking because the amout of time they will need for drilling also might have an impact on the time they have for a spin off. (Asuming that the spin off should be done before some big buyer can buy the crownjuwels GS and PSZ - does that assumption make sense to you guys.)

So, my big picture is completing all drilling on GS and PSZ and during that time launch the spin off. They biding can start with all buyers knowing what they would get, without any question about the other properties. Clean and simple - and very big!!