Personally, Baires, I think we'll get more mileage in the marketplace out of drilling than feasibility studies. We have already established that there is an economically extractable resource I don't see what we gain by spending scare cash on defining how exactly we intend to get the gold out at this stage.

I bought into Tyhee because I have a hunch that there are 4-5m ounces on their properties. If we're going to spend, I'd like to see the ounces go up a lot first, so keep drilling steadily and stay prudent for now, I reckon.

If the takeover mania kicks in at some point and sector gets re-rated, the share price will be proportional to the economically extractable resource, more ounces means more market cap. A feasibility study is pocket change to a major and I doubt it will command a lot of value in the market.