Re: History and Geology and Know Best
posted on
Apr 19, 2008 07:57AM
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20121,
If you continue looking into the rear view mirror while driving forward to predict what Tyhee may prove up in the future, you may easily drive off the road.
Get a grip!
Tyhee continues to add ounces at the explorataion cost rate of 25 dollars per discovered gold ounce. If Tyhee continues $6M per year for exploration, the company will have added about another 500,000 ounces in two year's time, not the 10 or 15 years that you speculate .
Even I can figure out that by doubling the exploration budget they'd have about an extra million ounces in two years, if that accumulation rate continues.
The word ''quantum" that I used to describe the possile large addition of ounces coming out of the Nick Lake re-sampling program was a quote from Dave Webb when he once described his expectations for that project. Sadly, there was no quantum leap.
But, I suppose if you're going continue to look into the rear view mirror, you may want to focus on three mines that your new resource book may perhaps may make note of: The Clan, Giant and Discovery mines that produced aronund 15 million ounces at grades around one ounce per tonne.
How's that for History and Geology and Know Best?
Cheers,
Baires