Well, funds from selling that second house in YK are in and now spent! I've more than doubled my position and averaged down to about 27Cents cost. That feels much better, and I hope all of you out there have taken advantage of the firesale prices of the last month.

I was worried there, that the price would not stay low long enough, but now, having bought what is for me a large number of shares, I am satisfied that I've taken advantage of those who fled, enough to feel good about my average cost basis.

Now it feels that it was just in the nick of time. Lots of people are now talking about gold, the role of gold in stabilizing the currencies, the money aspects of gold. Juniors are soon to follow, after more moves like we saw on Friday. Next week we'll see the US dollar start to obey newtons laws, and fall like an apple.

So, OK, I'm done accumulating. I believe that TDC has 10 million ounces to pull out of the ground over the next 15 to 20 years. It will be a mine, and right now I own 0.002 x 10 million = 20,000 oz of gold. When normal valuations are back, at about the time that Tyhee gets some permits and funding in place, it'll be valued at say $80 per ounce just prior to start of construction of the mine. On that day, the resource will be 3 MOZ or more, with 4 or 5 areas with untold resources lying underneath... with a Share price of $1.5 or $2.00, and then quickly rising such that when first Dore is poured, initial earnings will be based on a POG well over $1,100, and costs stable at about $600 including financing costs, with 100,000 oz / year production rate to start off, for earnings of about 40 cents per share, over 200, million shares, with PE of 30:1 equals a pop to over $12.00 per share, all of this by Aug 2011 or '12.
Can you wait 3 years for $12? I can, now that im into it for 27 Cents per share!

Who else has averaged down at least half? Hope it's the "usual suspects" who have kept this forum interesting.

And to those guys who just got in, with average costs lower than 20 cents, well, some guys have all the luck!

Going to the liquor store to buy a few bottles of wine, so that this week, one day when I come home from work, I can open a bottle and sit back and reflect on the dark days now behind us all.

SKELEG