RE:Off Season Blues Hello Bovalena. Long time no see.
I'm not worried about anything at Treaty Creek. Teuton is loaded with cash, its expenditures are minimal, and it doesn't have to pay a dime on future exploration. In the meantime this wonderful seemingly sideless, bottomless deposit continues getting bigger and bigger, while already it remains unmatched throughout the World. Too bad Teuton owns only 20%, instead of 40%, but them's the breaks.
Currently there appears to be 30 million ounces in just this one deposit and there also appears to be plenty more to go not only within this one deposit, but nearby as well. We're in a safe political jurisdiction, so there's no hurry to get in and get out quickly, and at $100 per ounce in the ground the currently known this 30 million ounce resource might be considered to be worth three billion dollars; accordingly, Teuton's 20% ownership easily could be worth 600 million dollars. Divide that number by 60 million shares and we're in Fat Cat City.
Of course, "penny" stocks and microcaps are not quite in favor at the moment, but they will be once the big boys get through gobbling up each other to save their own hides. Their reserves will deplete eventually and the hunt will be on for the hitherto ignored juniors that have superior resources. Then it's Teuton's turn, of course, but in the meantime while these big boys pretend their companies are on the right track by swallowing up each other, Teuton, American Creek, and Tudor will continue exposing resources that will far exceed 30 million ounces.
So if there's much more to be found at Treaty Creek, then the longer we wait, the better things will be; however, if it is to be the case that the take outs happen soon, well then, them's the breaks, too.