Hi kw ..
teuton owns the property 100% and has optioned it out to copper creek. here is a cut n paste form the agreemant

Under the terms of the letter of agreement, Copper Creek can earn a 60% interest in Banzai over five years by spending a total of $3 million on the property, paying a total of $125,000 and issuing 500,000 shares to Teuton. Upon signing Teuton will receive $25,000 and an additional 100,000 shares after regulatory approval. Copper Creek may earn an additional 10% interest in the property by spending another $2 million.

the agreement called for 200K this year and they have upped it to a million plus .. they must like what they see on the geophysical ..i will admit so do I

if a discovery is made tuo will own 30% and copper creek 70%

they have more shares that TUO and are cheaper but i regard TUO as a mutual fund on the area and will pay a premium to spread the risk.

with copper creek if banzai misses they are toast TUO still has 7 or so more properties to strike the motherlode!

there is also a TUO placement closing soon

1 share and 1 full 2 year warrant .50/.65 i bought some and dont mind the premium with the warrant.. i feel it is well worth it if they hit .50 will be a long distant memory..

call gary at the TUO office and tell him you are a friend of mine there may be some PP left..
1-800-879-2333

warmest regards

caliche