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Message: Sleepy, What's a PA? And, Why A Tyhee PA THIS WEEK?
1
Jul 13, 2008 07:15PM

Hi Sleepy,

What's a PA? And, Why A Tyhee PA THIS WEEK?

This week Tyhee expects it's PA because last week's Tyhee news release said so.

A PA (Preliminary Assessment), is an economic 'scoping study" and is aka a PEE or a PEA.

It usually assesses a project's economic potential for becoming a mine by including in its equation the list price costs of mining stuff and using measured and indicated as well as inferred ounces (although Tyhee's may not use their inferred oz).

Also required in the equation is a highly discounted, artifically low gold price, somewhere in the $600 range.

Baires

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