Barker, Are you making this stuff up?

As I recall, Tyhee's Preliminary Assessment Study (PA), was calculated assuming $700/oz gold and much higher energy costs than now. With those assumptions, the PA calculated Tyhee's cost of $384 per ounce from a mine producing 1.1 million ounces over seven years.

About a year ago, Webb said that Tyhee would not be profitable if gold were below $500.

But, that was about a year ago. Looking forward, especially if we go into a depression, the cost of producing $500 gold could be much lower than now, as Ian Gordan and McHugh are predicting $10/barrel oil.

Baires