Both TUD and AMK are junior resource companies with no producing properties or even a resource report on any of their properties. Both companies rely entirely on PP and warrant conversion to raise funds.The only property driving share value right now for both of them is Treaty Creek, which has a large drill program this year and will lead to a resource report. TUD has 60% WI and AMK has a fully carried 20%, TUO has the remaining 20%. While the AMK 20% has more value since it is carried with no exploration costs I'm still going to use a 3:1 WI ratio and market cap valuations to estimate a share valuation for AMK. Right now the the market caps, using the TSX numbers, are a 4.1 ratio between the two companies, which suggests to me that AMK is undervalued by one third. AMK shares would need to rise to 12 cents from the current 9 cents to maintain a 3:1 market cap ratio. I'll track this ratio to see if AMK shares continue to be undervalued.