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To: Rocket Red who wrote (103665)	9/19/2012 11:47:32 AM
From: Boolish	1 Recommendation Read Replies (2) of 233807

You know what you're doing. Didn't read that positive to me however.... Unfortunately, American Creek has not conducted any work on the property this year or last year as the title has been caught up in litigation. American Creek optioned the property from Teuton Resources (TUO-TSXV) in a deal that allows it to earn up to 60%. Upon meeting the spending and other requirements to vest at 51%, Teuton challenged the spending claims of American Creek. As it became clear that the required earn-in expenditures had been incurred, Teuton amended its legal case to challenge the geo-scientific reliability of the results of the work performed. The legal dispute drags on and at the moment, the lawyers are the only ones benefiting from the immense geological potential of the Treaty Creek property. It seems to me that normal industry practice would hold that if a partner has spent the required amount of money in accordance with the terms of the earn-in agreement, then that should be adequate. However, it is dangerous and futile to try to guess the results of litigation.

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