Even Though Tyhee's Preliminary Assessment (PA) May Look Like A DUCK, walk like a DUCK, quack like a DUCK, It Is STILL A Preliminary Assessment.
What's a DUCK?? A DUCK is a prefeasibility or feasibility study.
Despite the fact that Dave Webb has spoken about how extraordinarily, perhaps uniquely, comprehensive is the PA that Tyhee has been waiting for, it will, by definition, be different from a prefeasibility and feasibility because, at least, the PA incorporates inferred ounces and the other two studies do not.
Why is this worth noting? (I thought you'd never ask.)
Webb has spoken of how the market values economically viable deposits at between $100 and $200 per ounce of gold in the ground. But it's not clear how much differently the market will value a PA versus a prefeas or feas., becasue they all ain't the same.
But,
IF Tyhee's PA resembles a Pre-feasibility/ feasibliy study minus the inferred ounce, then maybe its PA might just merit that $100plus per ounce valuation. QUACK, QUACK.
Cheers,
Baires