Silverpolski,

Did you get my PM/email?

The answers to many of your questions are available in the informaion that I'm sending you by PM.

Anyway, here's an unsophisticated answer to some of your questions.

As far as I know, and that's not all that much, only one junior has ever been acquired that did not have a PA, a PF or a FS. And that was Virginia Gold. It didn't even have a resource estimate!

If anyone knows if there was ever a buyout of a junior with only a PA, please chime in.

A PA is also sometimes called a PEA or a PEE. (No jokes please).

Also it sometimes has been referred to as a scoping study. It usually uses inferred as well as Measured and Indicated oz. Whereas a PFS or FS uses only M&I numbers. Skeleg said Val Portico, Tyhee's Chief Geologist, mentioned to him that Tyhee's PA will not use inferred oz.

I've heard that a PFS and FS are supposed to be much more comprehensive than a PA, although Tyhee's PA is supposed to be VERY (uncharacteristically) COMPREHENSIVE.

After a PA, the next step is usually to do a PFS, then a FS.

At the PDAC, Tyhee raised the possibility that it might skip a PFS and go immediately to completeing a FS. It was mentioned that finishing a FS would probably take one about a year.

Cheers,

Baires