RE:RE:RE:RE:RE:RE:There you have it folks: Rudi and Ken Seabridge should buy Teuton?
Never!
What advantage should Seabridge have from this?
Tudor, as 60% partner of the three Amigos, has contractually agreed with the 20% partners that it can make all decisions concerning Treaty Creek on its own. Until the mining decision is made, all exploration costs will be borne by Tudor.
A look at the history books shows that the three parties Seabridge, Teuton Resources and AMK were not exactly fraternal. For example, Seabridge received the LoO for the MTT in 2014, although Teuton and AMK had lodged an objection.
Teuton and AMK are not brothers either, otherwise Tudor would never have been a major partner.
In a hostile takeover bid, Seabridge would have to pay far more than the CAD 200 million that Cunningham wants to put down for AMK.
However, Seabridge does not have CAD 200 million in its coffers.
According to Rick Rule, Seabridge has so far paid CAD 200 million for the mine development.
https://www.youtube.com/watch?v=dMzQSO4pSXk&t=2565s According to the information on the homepage, they have built a bridge, a fish habitat, two camps and 20 km of road.
All that has been reported about tunnel work at the MTT so far is that 50 boreholes have allegedly been drilled, which strangely enough have never been reported on, let alone budgeted for.
Seabridge needs every CAD itself and cannot afford a takeover of Teuton Resources, nor does it make any strategic sense.
AIMHO