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Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.


TSXV:TUO - Post by User

Comment by highperon Jun 18, 2024 3:28pm
72 Views
Post# 36094600

RE:RE:The slow trickle downwards

RE:RE:The slow trickle downwardsPierrie Lassonde recently said the higher gold prices would generate exceptional revenue flows for the major gold miners in the second quarter. That will provide them with plenty of cash to burn. The summer doldrums in the market gives them bucket loads of opportunity to acquire some undervalued bargains in the junior mining sector. 

AMK has stuck out a for sale sign. They are willing to sell between 6 and 7 million ozs of gold equivalent for what was it $217 million dollars. That equates to $31 cdn per oz for 7 million oz and $36 cdn per oz of AuEq for 6 million oz. 

Sure there is plenty of derisking of the goldstorm deposit to go. There is also plenty of blue sky potential at the treaty creek to offset that risk. 

It may be the summer doldrums for some, but the current market has presented a massive opportunity for the mid-tier gold miners to make some great investments in their future..

Time will tell if amk gets snapped up by a major but in my opinion $60 US an oz is closer to the derisked value of the in situ gold at treaty creek than the $31 to $36 cdn per oz amk is processing... 
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