TYHEE GOLD CORP

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Message: SF Conference

SF Conference

posted on Nov 30, 2008 06:33PM

Wasn't planning to attend until last minute. My interpretation of the theme for Juniors/exploration companies was clearly cash is king. In fact, Rick Rule stated those (I'm paraphrasing) companies that can't exist on a burn rate for roughly 3 years will probably be toast. He didn't mean to indicate the current environment would last that long, just that he wouldn't bother with those companies that didn't meet that requirement. Fortunately for us, Tyhee meets it. In fact Tyhee can reduce their burn rate further if the situation warrants it. Rick also stated that properties in a sale (even if they have million of ounces) in this environment won't get much of anything of what they are worth. Again, cash is king.





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