RE:wow imagine what tuo's property stable is worthThis is an encouraging deal from a couple of standpoints. ArcWest had a history of optioning out their properties too cheaply in the past. This is a much better deal and indicates that prices are moving up in the region.
Sanatana is an aggressive company that I had not previously researched. This was a good company to take the option. With them, the potential for a discovery increases.
The Oweegee Dome is a claim that I had looked at closely in the past (when I bought into Millrock). It's a great area for exploration. Almost looks like its own little self-contained anticlinorium. I consider it to be a high-quality property.
Treaty Creek
We are now only a few weeks from the start of the 2021 exploration season if Tudor is going to ramp up in May again this year. I've seen nothing in terms of how many drills they intend to deploy, how many meters they plan to drill, etc. There were some high level goals for this year noted in the press release on the Preliminary Resource Estimate and I heard some details in interviews by Mr. Konkin. Tudor had about $2 million in cash net of current liabilities as of December 31, 2020. No private placement yet to fund this year's drilling. I don't see any "subsequent events" in the December 2020 financials. In sedi.ca there are two warrant exercises by Walter and Sean for a total of about $350k coming in, but that's all.
IMHO it's beginning to get pretty late in the game to initiate and close a PP to fund this year's exploration. Also late for a PR on the 2021 plan for us to review and evaluate. This makes me think that things could be fluid under the covers.
We might see a surprise within the next 15 trading sessions. I had been adding to my Teuton position when pricing was good on the basis that Tudor usually pulls back a bit when they announce the PP's each year, even though dilution this year will not be large. But at this point I feel like I'd better be at a full positions for the next month, in both Tudor and Teuton, just in case a major investment in Tudor is about to occur.
Do your own DD. I am not an investment advisor. GLTA. Doug