RE:RE:RE:RE:TC just keeps on giving!On some of this discussion, I somewhat agree. Now that Tudor has demonstrated that Perfectstorm will need to be drilled and pursued, it will require significant funds in addition to the ongoing Goldstorm requirements. Obviously, significant dilution is ahead.
Tudor really suffers under these current junior resource market conditions, where I argue they are brutally undervalued. I think the best option under such conditions would be to option out a percentage of the property to a major. However, I don't believe this can happen without some consolidation of the Treaty Creek three first. Between a rock and a hard place?
I've also tucked almost all my Treaty Creek funds into Teuton, as I like the free ride and the NSR. Now that Blackwolf has made a major discovery on the Harry property in an option agreement with Teuton, it makes Teuton that much more compelling. Potentially another significant 20% free ride plus an NSR.
Whether one purchases TUD or TUO, at these prices, I would expect some pretty major gains ahead.
Larry60 wrote: SEA should be a lesson for us and TUD. Things take a long time. $$ arent always available. TUD will need to spend big dough before they can acces the $500M+ to $1 Billion that SEA has.
Its long and painful
A takeout could short circuit that, but I dont think anyone will rush until TUD has reserves (currently a resource) or they firmly get onto a VOK type discovery.
Current share count 220 million. I would venture to guess we will be over 350M shares by time production decision is made in 2 to 4 years (then we dont have to fund the whole thing) UNLESS the share price gets up to the $2 to $4 range to help limit impact of dilution on raises.
PS Fordster, as Ive said before I own some TUO as well (no AMK) but I need more. Ideally ALL TUO and I tuck it away!
Jetstream1281 wrote: Well, we could be 22 years in like Seabridge instead of just 7 and still have nothing going yet....