1. In the book Fenn writes “It’s in the mountains somewhere North of Santa Fe.” That sentence was written before Fenn and the Treasure were popularized in the media. If I were to say to you I’m headed up to the mountains somewhere North of Santa Fe, I wouldn’t be referring to Wyoming, nor would you think I was.
All the other “clues,” i.e., “…in the Rocky Mountains,” “…above 7 thou…5 thousand feet,” etc. were provided after Fenn realized he had underestimated the popular interest in the treasure. In addition, Fenn, more than once has said the clues he’s released since the publication of the book would not help anyone find the treasure, e.g., “The treasure is not hidden in Utah, Nevada or Idaho,” really offers nothing to help find the treasure. To me, that’s like saying “We’re at war with the Chinese, so you don’t have to bomb India.”
2. Fenn and his family arrived in New Mexico in 1972 with $20,000 in savings. In the next 17-18 years he acquired much of his wealth, fame and infamy while in New Mexico. He suffered his bout with cancer and survived it. He is a staple, and a bit of a hero/antihero in the highly competitive and worldwide recognized Santa Fe art scene. No other place he’s resided can come close to competing with the grandeur of his home in Santa Fe, the one whose design was influenced so much by him. While I’m sure he has many pleasant childhood memories about other locations, New Mexico has been very good to him and his family. Seems to me he may want to pay some of that back. Since the sale of Gallery in 1988, he could have afforded to live anyplace else in the world, but he stayed in Santa Fe. His roots are deep, and his family tree is New Mexican. He has spent most of the remainder of his “retirement” excavating San Lazaro Ancient Pueblo South of Santa Fe. That is truly a work of love, and you can see it in the book he published on the project. New Mexico is practically in his blood. Seems to me, in a karmic way, he may want to pay some of that back.
3. I don’t have the sense that Fenn is a complex man. I think he is broad thinker rather than deep thinker…an Occam’s razor kind of guy (as most fighter pilot’s are). To him, simple solutions to the problem are best. The simplest solution would be to place it near his adopted home. (And, another reason I quit analyzing the possible codices and ciphers in TTOTC.)
4. If you combine the intelligence from several interviews…he drove to the site, made two trips from his car to the hiding spot, returned to his car, thought about what he had just done, and laughed out loud. That doesn’t seem to me as a multi-day trip to Wyoming. It sounds like his Sunday afternoon vehicular constitutional.
5. Fenn claims he was “79 or 80” when he hid the treasure. At sprightly as he seems, that’s old. Some of the recons I’ve made, I’ve scratched off my list before the morning was done. I keep asking myself, “…could an 80 year old man, alone, with a pair of 20 pound loads, taken this risk or made this journey?”
6. Finally, the phrase “warm waters (plural)” is a phrase unique to New Mexico. (Google it. It’s easy to find.)
7. It has to be near enough for him to have access to it (sooner or later), without creating a “scene.” In the event at Moby Dickens he said that he was still planning to throw himself upon the treasure chest with hist last breath. If he had been visiting Yellowstone every year for “vacation,” I might feel differently.
8. In my opinion, it would be difficult to make as strong a case for any other Rocky Mountain state. Short of “he spent his happy childhood days in or near Yellowstone,” no other Rocky Mountain state can elicit the same level of confidence.