20121,

I thought Tyhee had $12 million in the Bank for 2008? If true, then only $6 million for exploration this year seems too low a figure.

And, your share price prediction of $0.81 is very conservative since it assumes that a PA would raise Tyhee's value only to the level of it's peers ($0.85/ounce), when there's a good possibility that a robust positive could put Tyhee into an entirely new peer group of those juniors with existing economic studies.

I think that, once with a good PA, Tyhee's valuation should be well over $100/ounce.

Maybe a follow-up Webb call will clarify this.

Cheers, Baires