RE:RE:RE:2021 Exploration field season updateA company's market cap can be determined by multiplying the company's stock price by the number of shares outstanding, hence the reason SEA has a higher value. The premise of my post was that 'TUD' share price is undervalued and agree with Save Canading Mining that the price has been subject to naked shorting. SEA's location behind TUD requires massive funding of a tunnel (many Billions) in order to access their Gold and other minerals. The simple and logical conclusion is that these critical factors will make TUD the obvious target for a takeover. All IMHO but we are massive and continue to grow while SEA is landlocked and sitting on their verified minerals. Why have they been unable to find a buyer or partner?
It's a waiting game over here because we are still exploring and I'm prepared to wait. Smart money continues to add millions so I have actually purchased 20K shares recently. Can't wait for our updated 43-101 with very positive 2021 drill results added in.
GLTA Longs.
watchmeplz wrote: In my opinion, unfortunately, SEA is at 1.94B market cap, TUD is at 389M with a 60% stake in TC leaving TC valued around 550M. Roughly -3.52x SEA marketcap plus SEA has around 14B lbs of copper, so were operating at a premium per oz as your suggesting to SEA. Could be another reason were hovering but i believe theres a pending deal or the financing warrants overhanging our heads. I think we need a new discovery within eureka or honey hole in psz and not infill is my opinion. We have to prove up more new ground to give hope/potential of new areas rather than infill and prove up the current resource marginally which is boring, plus were already at a premium to area resources so where do you go after the infill, estimate update, pre-feas? So we sit in silence after all this infill for even longer with no other hope then fingers crossed the pre-feas is good and production is cheap? We need excitement, find a brucejack boys, and stop it with the infill, lets get going, get some excitment back and be a stand out!
TeckPro wrote: There are so many ways that tell us that we are undervalued. The video shows SEA (KSM, Iron Cap and Snowfield) with 79 Moz GOLD and TUD (Goldstorm and Copper Belle) with 19.4 Moz GOLD. For simple calculation 80 Moz divided by 20 Moz is a multiple of 4x. So share price of TUD at $2 vs SEA at $25 is a factor of 12.5x. So we are ridiculously undervalued. Consider adding the fantastic 2021 drill results makes us even more attractive and way better location. So all the constant negativity is only noise in my ears.
GLTA Longs
T. P.