I have to agree with you. there are a few treasure categories that get the reaction of rolling eyes. I don't put any stock in nazi treasure. The fact that hitler actually owned property in southern Colorado isn't evidence of hidden riches.
One of the things I have started doing, including with Treasure Mountain, is assigning a location on my topo software for every treasure lead in the area. This actually shows the conglomeration of similar leads in a general area. Its almost like tracing the DNA of a treasure lead filtering through all the similar story variations. I have several examples of similar treasure leads that evolved through history into multiple treasures or larger and larger quantities of stashed valuables. I guess the stories got better every time they were told.
Just like with Treasure Mountain, just compiling all of the information and weeding through to get a best guess of history during the research stage is critical. I have described this before like putting together a large jigsaw puzzle face down when you don't know how many pieces there are, you have to find each one, and you don't really know what the final picture is going to look like based on the clues.
The first thing I do is collect the information then try to verify the likelihood of characters or events taking place with some actual reference in history. Without any historic trace to the likelihood of events or records of names, the leads get less of a prioritization. I don't totally dismiss unverifiable information, just don't put my activities there first.
Fortunately, Treasure Mountain has the historical verification for both Spanish and French. There are also references to the involvement of Native Americans. I will just bring up the word 'aztec' to keep that on the radar since it popped up in research. Its also close enough I can do field research on day trips.
Matt, thanks for your input. I like your approach.
Patrick