TYHEE GOLD CORP

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Message: Re: Observations and suggestion
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Aug 06, 2009 08:04AM

Woodstock,

You say, "In my books it will only have real value at much higher Au prices and more reserves in the ground. That will be when it is feasible to mine and only then will it be recognized for what it is."

If Tyhee doesn't even add one more gram of gold to its reserves, but instead delivers a positive Pre-Feasibility Study, then it will be "feasible to mine".

Feasible to mine, especially as Webb is convinced that with a positive Pre-feas., Tyhee will be able to get debt financing for mine development. Let us not forget that even with lower gold prices and much higher costs,

Tyhee’s “robust” Preliminary Assessment (PA) delivered positive economics of a 3,000 tonnes per day mine for seven years producing 1.1 million ounces of gold at a cost of $384 per ounce with additional potential to expand. The PA calls for a combined open pit and underground operation.

I expect that cost per ounce to be significantly lower when calculated in the Pre-feas coming next year.

Go Tyhee GOLD!

Baires

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