Updated Today: REASONS TO INVEST IN TYHEE
posted on
Sep 22, 2008 07:25AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
(Last updated September 2008)
2. Webb is frugal and thrifty. (If he was from Brooklyn we d say he was cheap.)
3. Proven resources may be worth more than total Market Cap makes this a fairly safe play. Tyhee has Measured, Indicated and Inferred. Its ratios are exceedingly good with a substantial component in the M and I categories.
4. Tyhee had three drills operating this winter, it shut down one in March, another one in August, with lots of core to go yet.
5. Drilling beside legacy holes which previously proved up a mineable resource but not 43-101 compliant has the potential to add a significant amount to Tyhee’s resources.
6. President Webb did his Ph.D. on the geology of the Yellowknife (YK) region, i.e., invested life’s work here, ie. foremost expert on the geology of YK region.
7. Close to year round road from Yellowknife (YK) to south and can make ice road from YK to mine. Large Airport in nearby in YK. 90 km from all-weather road, cheap winter road access, all-weather landing strip on property.
8. Mining friendly town, in a mining friendly province/territory in a mining friendly Country.
9. Permitting is well underway.
10. 43-101 compliant resource documentation of about 1.65 million ounces which, given Tyhee’s track record, suggest significant resource growth by the day.
11. Drilling at Big Sky hit encouraging but not gang-buster results. There has been a shift in expenditures to Clan and Goodwin Lakes. Results have been exceptional on Clan, and very encouraging on Goodwin Lake as well.
12. THE GOLDRANGE: If you ever go up to visit the mine, you get the opportunity to get drunk and dance with the locals at the GOLDRANGE, where miner's have been getting hammered, getting in fights and getting tossed out of for decades!
13. Tyhee has TUNGSTEN to possibly add to the bottom line.
14. There’s the strong likelihood of a District of Open Pits, they should more economical mines in the Yellowknife Project, as well as multiple mining centres including underground mines as well.
15. Big boys like Eric Sprott of Sprott Asset Management, Jim Puplava of Puplava Financial Fund are invested in Tyhee.
16. When I last looked, Tyhee was still located in CANADA!!!
18. And, you got conservative, trusty, oĺ dependable Dave Webb ( and Roger Sylvestre) running the operation but, at the same time, Dave listens hard to Dr. Leanne Baker, Puplava, Frank Barbera and others for advice. And, Tyhee has an exceptionally experienced board of directors.
19. Convenient hydro power supply next to Big Sky and there’s the possibility that power lines could be put in to the Yellowknife Gold Project (YPG) (check Preliminary Assessment for hydro power options to YGP.) Note that right of way runs right over Clan Lake AND Goodwin Lake.
20 Diamond mines have a secondary winter road route which is Tyhee’s winter road route. Their standards and requirements for construction are much higher than Tyhee’s. Tyhee will have free use when the diamond group installs this route.
21. Don't underestimate how important it is to note that it can be estimated that more than half of TDC's shares are in solid hands, like Pulplava and Sprott. This is one of the reasons we haven't seen the stock evaporate like many others have during big stock slides or drops in the POG. Surely, price has enjoyed some movement but it has been relatively stable compared to many juniors.
22. Goodwin Lake results show excellent BLUE SKY POTENTIAL.
23. Some, all or more of Clan Lake’s historic 600,000 oz resource may be brought into the M&I 43-101 compliant resource category. Fingers crossed. However the historic resource was calculated in a non-compliant way so now Tyhee essentially considers this project to be starting from scratch.
24. An average of 250,000 ounces has been added annually from drilling and could be now more likely be starting to come from the Clan Lake Property. Recent results from Clan Lake are the most encouraging.
25. Tyhee’s PRELIMINARY ASSESSMENT (PA) IS VERY POSITIVE. For example, costs are well in hand and ways to reduce it are presented (hydro power). These have abilities to reduce costs (for example hydropower at $0.14 vs $0.35 per kwhr) by 25% or more, while critics have focused on potential increases in costs of 3 to 5%.
26. Tyhee may start working on a Feasibility study immediately following the release of their Preliminary Assessment this Spring, although no announcement made on this yet.
27. Mineralization in all deposits is still open for expansion.
28. Much or all of the Yellowknife ore is in basic (not acidic), less toxic material and that this rock is fortunately, more easily milled than the less crushable rock found in other gold mines.
29. Geologist, George Zapata Blake gives Tyhee a VERY STRONG BUY recommendation. Listen at minute 16:30... George has been around the block a few times. He sees things differently than most.