Re: It all hangs on this
in response to
by
posted on
Sep 08, 2009 12:51PM
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It's more complex than just "boom or bust", and it's not as simple as whether or not there's success or failure at Clan Lake or the robustness of its prefeasibility study. There's more to consider.
Of course, Clan and a perfeas. are enormously important milestones, but please also consider Tyhee's progress toward getting the permits it needs to begin production. That's an enormous milestone. One that it's been working on for years. One that Tyhee has made great progress. I believe it's, Hugh Wilson, one of Tyhee's Directors, who spends his full-time on just this one thing, the process of getting permits to mine. Something he's got a lot of experience in.
Also, don't leave out what may come from Goodwin Lake, and Viking Gold.
Furthermore, let's not forget that Tyhee's end game is to go into production, and not to be bought out. So,until those milestones are passed, don't expect much upward price action in its shares, as investors will be looking for less risky prospects. And, if they'd be putting money into an explorer/developer, whose endgame is production, they'd probably avoid Tyhee at this point and head-on over to a Romarco Minerals, where those Yanks have already passed many of the milestones Tyhee has yet to achieve.
Since Tyhee wants to go it alone into production, many investors may not see the likelihood of making quick gains with Tyhee as fast as they would if they invested in a company like Kimber Resources where Kimber's avowed endgame is to be acquired, not to go it alone into production. Getting acquired for some juniors and the jump up in share price may be seen as happening a lot sooner than if they invest now in Tyhee as it grinds forward toward production.
And finally, as mentioned on page 8 of the LOM analysis report, "The company will need further financings to put the mine into production. Currently the financing market is challenging and the company may have to seek a more senior partner."
A "senior partner", that doesn't sound so terrible.
Anyway, I predict that by this time next year, Tyhee's price will be higher than the four bagger price target given by Lowen,Ondaatje,McCutchen Ltd. .
Cheers,
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