Teuton: revenue generating machine! After two to three decades, it is interesting to see Teuton's long term plans starting to come to fruition. Not many non-producing juniors can boast consistent year over year revenues.
Almost $4 million in 2020, and another $2.4 million in Q1 2021. I was at first taken aback by the cash investment into Tudor, using up much of the cash float. However, with cash continuing to flow in, I guess it makes much more sense.
Now, it looks like Teuton is doing what they can to assist/push their JV partners to carry out as much exploration and development work as quickly as possible. I wouldn't be surprised if part of the investment into Tudor required Tudor to conduct work on the other properties for which Teuton retains an NSR. Hence the impetus for the Tudor spinout. Is Teuton quietly driving the bus?
This reminds me of why I see Teuton as the much better medium to long term holding compared to their Treaty Creek partners. Both those other partners will continue to suffer share dilution, while Teuton sits there and trys to determine the best uses of their cash flow, without having to issue additonal shares in the forseeable future.