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Message: Here we go again, player, answers to back-seat questions

Here we go again, player, answers to back-seat questions

posted on Mar 01, 2009 10:23AM

Player, you ask why I dont' respond. I find your occasional provocations to be boring. I much prefer your well considered posts, which bring new information. Mind you, I can't recall a single tyhee-specific post that you have unearthed, but your other posts about gold and economics are often well worth reading.

If I offended 8-Barker, then why not let him speak for himself, and I can apologise if I offended him. I do think selling out for a dollar is not only rediculous, but also not even remotely ever to be considered.

As for your two relevant quetions, i'll answer.

1. Is Tyhee an exploration compnay? No, Tyhee is no longer an exploration company. They were, and had a winning forumula and strategy, then did a very honest job of proving up the resources. DW himself has said words to the effect that he thought that finding 1.3, then 1.6 would have been enough...now they have 2.1 and perhaps a bit more coming from the Clan Lake re-assays of old cores. So when is enough exploration enough? If you plan on being taken out, and do not plan on becoming a mine, then you must keep exploring till being taken out.

If the vehemence of your reply indicates that this is your preferred reality, and I'm threatening that by saying that story is not the true story here, then so be it. Iether I am wrong -- and TYhee will be bought out at a deep discount and some day traders will make a quick buck -- or I am right, and Tyhee never intended on being bought out.

This view is consistent with what DW has said all along, that they are going to become a proding gold mine, and ultimately the aquirer of other prospects! I belive this, but have been very active in checking this out, in the public domain, on the site, at the head office and in "other circles" including the business community in Yellowkinfe. My post history shows that I am watching the corporate life of this company very closely, and not just playing games with myself. I can devote that much attention to Tyhee as I am not playing the field, I have chosen this one, true beauty and am not runnign with those perhaps more fun and adventurous, easy girls who's names are quickly forgotten.

What I have found is that Tyhee is actually developing a gold mine. The latest press release, while not worded as strongly as I would have liked, marked the official evolution from swimming in a sea of exploration companies, to walking on their own right as a developing gold mine. The focus of the corporation is now in writing the DAR, getting throught the EA and on to permits. These are not exploration activities. Future exploration will be for MINE LIFE EXPANSION of the constellation of resources that Tyhee has DISCOVERED in that earlier phase of their corporate life. But even those additional resources, including Clan Lake, are not part of the initial plan for the mine at Ormsby. The plan is to get the mine up and runnign, then expand operations from there. Chicken and egg.

2. When will the mine be in production? Nobody has a crystal ball, but we do have a road map. So when children keep asking "are we there yet", it's because they are not worldly enough to understand that if you are passing signs in Saskatchewan, and you are on your way to BC, there is no point asking if we are there yet! An adult looks at the map, calculates if we have enough fuel, determiens when we'll reach the next key benchmark, such as a food stop or a hotel for a night stop. An adult has to be cautious that there is enough money for the expenses along the way, and also should have some idea of what to do when they get to the destination. We are no longer fixing up or buying the car, we are on the road to the destination, and we have a plan for what we will do when we get there. While such a long journey is very frustrating for children, adults can distract them with activities to play with from time to time (press releases), while adults enjoy the open road and watching the scenery pass by, perhaps deep in contemplation of the new life ahead, upon reaching the destination.

As for WHEN, I suggest you print out slide 16 of the timelines from the YGP power point presentiation. Circle the 7 or 8 key benchmarks, add time slippage as history unfolds, and adjust to the right. We may have so much slippage that mine construction does not start until 2012 vice 2011, due to winter road window. Or things may accelerate this fall as local support for a good project that generates some much needed economic activity may help move things along. But with each passing milestone, we can forecast how these timelines are doing, and if we will make the 2011 construction start date or now. Will we arrive in Vancouver on 8 Sept, or will it not be until the next day? We will arrive. Yes, we could be in a head-on collision with a semi, or hit a moose in Jasper and have to fix the radiator, but a rational person can determine that WE WILL ARRIVE, ceteres paribus.

And when you actually look at the benchmarks, why not look deeper? Why not consider which of these benchmarks is more significant? Public hearings - generating a community interest in the granting of the permits? The permits? The decision to buid the mine? And where in all of this do we need to raise the money? A year before? A month before? Certainly not today.

And as per questioning peoples' motives...we are all in this for profit, but we have different expectations and strategies. My strategy is to find a gold junior which actually becomes a mine, and the share price goes from 55 cents to $10.00 over a 3 to 5 year span (starting 2007). I did not expect it to fall to 10 cents, but that's worked out O.K. after all, as I could accumulate more and see how well managed the company is thorugh these dark days. My confidence is that much higher, in fact.

It may take 6 years (from 2007), but if my choice of Tyhee works out, then my small investment of cash (only about $90,000 so far) wil pay out very very well. If it is taken out, I'll still make money, and so will day traders. But I have some long term goals beyond 2012. I want my chidren to have sufficient cash to pay their way through university, and for my wife and I to travel much more. I want to cash in shares from time to time, at various stages in this evolution from exploration to developing gold miner, to gold miner, to expanding gold miner, to acquirer of prosptects - all over the next 20 years. If it does not work out, then I'll be living in a trailer park, working at a firewood chopping site in the forest, or perhaps worse, working for the government!

Do you doubt that there is 20 years of gold to be mined in YGP?

I hope that satisfies your curiosity, now relax and look out the window as DW dirves us along the highway. We are not there yet, but we have enough gas in the tank to get to Osoyoos, and we can trust that we'll be able to pay for the next fill-up when we get there.

Enjouy the ride!

SKELEG


Mar 05, 2009 08:15PM
1
hle
Mar 06, 2009 02:16AM
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