Take a look at what happened when Romarco put out the news release of their feasability study, Feb 03 2009. It was based on drill results from 2008, but they are now drilling up a storm.

Look at their Feb (Feas) News release:

http://www.marketwire.com/press-rele...

Now look at the recent Graph and 2 year chart. Note that the share price had been languishing like Tyhee has in the 10 to 20 cent range, then the feasability study came out and money was deployed, drilling accelerated. Now look at the progress.

http://investdb.theglobeandmail.com/...

and the two year chart:

http://investdb.theglobeandmail.com/...

It has some similarities to Tyhee, in my view, in that it is developing towards getting a mine into production.

In March, they did a private placement of 71,000,000 shares at 0.38 for some 27 million dollars to be used towards financing the HALE mine. This just after a 12 million in a bought deal private placment in Feb at the same price. In one presentation it showed 272 million shares oustanding and 361 million fully diluted but in other sources it only shows 200 million shares outstanding.

They seem to be drilling fast and getting good results, but they may be many years away from a mine permit. The point is, there are some similarities to Tyhee, even if they may have some advantages over Tyhee, there must be some issues with this company that are negative. It does show how other juniors in a similar stage as Tyhee are undervalued, but it also shows that a languishing share price can start to make some progress when a key benchmark passes, and money starts to be deployed. Those private placements at 38 cents, after quite a while at less than 20 cents.

Sprott owns 6% of this.

Romarco owns it's property in South Carolina, so will have an easier time of permitting etc, but has some similarities to Tyhee, with 1.3 million ounces of reserves and about 3 million ounces M&I&I, they may take off before we do. On the other hand, something does not seem right about their results and other data, seems a bit too good to be true, to fast, too easy. I'm not going to buy them, but will watch for what happens to ths stock when they move forward towards production.

It would be interesting to see what DW thinks about similarities and dis-similarities.

SKELEG

One other thing: romarco's bankable feasability study took months to complete and cost $