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Message: Re: Jim Puplava Interviews Dave Webb

Re: Jim Puplava Interviews Dave Webb

posted on Nov 26, 2009 07:27PM

http://www.financialsense.com/fsn/main.php -worked better for me, min 48 or so to 64.

This is an excellent interview. It really covers cradle to grave, and shows not only that DW is confident and making real progress, but also JP's intimacy with the project. He seems to me to be all in, and to going into production as Tyhee.

Dave's account of the timelines is very good, but even better, he is talking more about the permitting and engineering as a "happening now" event, rather than a future event. So Pre Feas in May or June, submit full environmental assessment in June or July, and that makes winter 2010 to summer 2011 the explosive stage for this investment.

No fluff or jazzing or hyping, just a clear and comprehensive overview of where Tyhee is now, and what's ahead....

The coming expansion of resource at Clan is exciting, but the conversion of resources to RESERVES at Ormsby / Nic Lake is a key point here. He talked abut how the Pre Feas gives you your solid (engineer stamped) calculations for production and earnings - This reads to me as something solid that can put Tyhee at a valuation based on future earnings. Value at say $50 to $100 / oz, on the reserve plus a factor for the increasing resources. BAM, into the dollar range (like Romarco went through a few months ago), a market cap at least over $100,000,000. Sit up and take notice, MAY 2010 is not long from now.

I really needed to hear this today, my confidence wanes at times, and this has been a good week indeed.

SKELEG

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