Hi Everyone,

While listening to FSN this week one thing stood out: Jim's emphasis on a renewed Pac Man frenzy.

The main point was that companies in safe locations with 2 million ounces and more will be very attractive to bigger companies who wish to short-track to an increase in resources. Two such safe locations were mentioned by Jim: Mexico and Canada.

If Jim has this feeling, it is almost certain that he has discussed it with Dave Webb. The question then becomes "If you think you might be taken over by a bigger company, whether you like it alot, how do you get the most out of ?"

The answer I am proposing (and that I would like you to shoot down or support) is "you play hide and seek".

I often feel like that's what Tyhee is doing. I feel that good things are definitely coming, but the details are being saved as long as possible. Of course, one theory is that the company is irresponsible and does not fulfill its promises (this is what I would call a DULL theory:)).

Another theory is that to get the most $ for shareholders in the case of a takeout requires the following (among other things, because Baires will find more and then "accuse" me of posting an incomplete list... :) lol ):

1) Prove up as many ounces as possible before the takeover

2) Do not reveal the full extent of these resources until absolutely necessary because, as soon as they get on the radar screen of the big guys, you might not get the chance to add more...

3) If possible, show the economic feasibility of these ounces to make them more valuable to the market

4) Give gold the most time possible to go up before the takeover

5) Go to it Baires...:)

Now, I might very well be kidding myself in order to make Tyhee sound better so that I can sleep at night, etc., but...

It just might also be the case that Webb, Puplava, etc. see the writing on the wall (i.e. the high probability of a coming takeover), and they are therefore trying to put together the most valuable package possible, in order to increase returns. This, however, requires drawing things out as long as possible, i.e. playing hide and seek.

Ask yourself this question: Would a prefeasibility study have been worth more in 2007 or 2008? If it had triggered a take over like Cumberland, what would we have gotten back then and what now?

I feel that sooner rather than later, Tyhee will present an attractive upgraded package, gold will be well North of $1000, and the big boys will be in acquisition mode at $250 and ounce or more. That's when we can start talking about a 5 bagger from the present price.

Of course this is all just my humble dream.

Please feel free to bring me back down to earth.

All the best to all of you,

stone