Bullboard - Stock Discussion Forum Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

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... see more

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Teuton Resources Corp > scope of the earn agreements skyrocketing in SGT region

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Post by highper on Dec 20, 2023 11:53am

scope of the earn agreements skyrocketing in SGT region

Wow dolly varden made a property deal .... It is something like 10 kilometers to the south west of their land package. Technically the claims are highly prospective moose pasture, but they are willing to pay good money for them... Tonga and Fiji are sitting in the eye of the storm and i suspect would do considerably better on an option agreement... I suspect Dino certainly would not be inclined to give up 100% of the fiji and tonga properties.

One has to wonder if Shawn Kuhnkuhn made this move before he releases further news on this year's program in the homestake ridge area... Well that is just a pre christmas speculation on my part...

https://money.tmx.com/quote/DV:TCM/news/6840198942857112/Dolly_Varden_Silver_Consolidates_Big_Bulk_CopperGold_Porphyry_Property

The Option Agreement

In connection with the Acquisition, Dolly Varden also entered into an amending agreement with LCT Holdings Inc., the owner of the Big Bulk Property and optionor under the Option Agreement. The amended Option Agreement provides that Dolly Varden may earn-in a 100% undivided interest in the Big Bulk Property by completing the following payments:

a) $50,000 in cash on or before December 31, 2023;

b) $150,000 in cash on or before December 31, 2024;

c) $250,000 in cash or common shares on or before December 31, 2025;

d) $500,000 in cash or common shares on or before December 31, 2026; and

e) $500,000 in cash or common shares on or before December 31, 2027.

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