the golden hoard just grows.....
20% of 27.87 million AUeq ozs indicated gold = 5,57 million ozs
20% of 6.03 million ozs of inferred gold
equivalent = 1.2 million ozs of gold
now ken konkin floats the potentiality of 5 million ozs of higher grade gold. That is a hypothetical gold number as of yet, isn't it?
20% of 5 million ozs = 1 million ozs
nevertheless
the potentiality is there for teuton to show what is that 7.7 million ozs of gold at treaty creek, with the deposit wide open in all directions to boot... It must be admitted that there is a lot of drilling required to get 7.7 million ozs of gold.
that would put cunningham's offer per oz of treaty creek gold at well below the $36 per oz or thereabouts that was previously discussed...
AND IF THE PEA GIVES US FULL TIER ONE STATUS THEN????
Then a $100 cdn per in situ oz of aueq may not be out of the question...
770 million dollars divided by about 60 million shares would come out to $12,80 a Teuton share...
i'm not saying teuton could command $100 canadian an oz for its 20% stake in treaty creek.... cause what do i know aside from the fact that the majors spend over or around $75 US an oz US to discover an oz of gold...
heck even $50 an oz cdn would give teuton shares a value of $6.40 a share...
I suspect the value of teuton's treaty creek share might lie somewhere above the $6.40 per share mark....
as to the nsr ... well that represents value above and beyond what we are talking about here.
My biggest worry is the unsophisticated penny ante stock speculators aka mining park trash posting on the amk board are intending to give away the bank for pennies on the dollar and then roll over in our direction to scoop up our shares only to sell the establishment of true value down the river..Their ignorance makes me cringe.
Don't let the unsophisticated penny stock speculators come over and crappe in teuton's court.. There is incredible value in our 20% holding and we may have to fight to prevent the mining park trash from laying it to waste... https://www.youtube.com/watch?v=SxxwtTjLKJs