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Bullboard - Stock Discussion Forum 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... see more

TSXV:TUO - Post Discussion

Teuton Resources Corp > Ambitious
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Post by bovalena on Jan 15, 2025 9:47am

Ambitious

How would they pay for a 3000 meter decline?  How much would it cost?  Issue shares?  Sell gold stream?  Many questions.  I guess it could all be for illustrative purposes to the court as the decline probably crosses the Seabridge tunnel route.  I am afraid its all dead money for quite awhile.
Comment by Olympia2 on Jan 15, 2025 10:06am
Fully agree, this could be the starting point for the court case with SEA  and/or the authorities.  As there is nothing said about further drilling for this season, it seems that they pause any works until permit for going underground. Permission, construction, building... 2 years...?  
Comment by highper on Jan 15, 2025 3:09pm
The tudor adit proposal looks more like an enticement for a major to get its foot in the door of the world class tier one goldstorm asset. Take a look at the revelatory metallurgical news release again. Impressive huh? Also the timing of the initiation of the legal maneuvering in regard to Sea's tunnel seems to have an underlying purposive intent. In my opinion ken konkin has a few more rocks ...more  
Comment by goldstd69 on Jan 15, 2025 3:26pm
are you referring to Goliath or Teuton?
Comment by highper on Jan 15, 2025 2:44pm
British Columbia desperately needs revenue..Currently it is projected to be running a $9 billion budget deficit and... As of 2023, the British Columbia (BC) total government debt (total liabilities) was $129.3 billion for the 2022-23 fiscal year (ending 31 March 2023). There choice is make Sea pay up to an extra few hundred million dollars to reroute its tunnel over a longer distance ...more  
Comment by highper on Jan 15, 2025 3:57pm
goldstorm could deliver a massive cash infusion into the deficit ridden BC and federal government coffers....  https://www.miningnewsnorth.com/story/2025/01/15/mining-explorers-2o24/a-golden-age-for-bcs-golden-triangle/8872.html An economic impact analysis prepared for the Mining Association of British Columbia estimates that the establishment of new mines at 14 critical mineral mine ...more