In deference to Skelg’s recent Roundup interview with Dave Webb, Dr. Webb has repeatedly said he never gives price targets when discussing Tyhee
Nevertheless, according to Canaccord Adam’s research published in Junior Mining Weekly, the 40 non-producing junior gold companies they watch trade at an average of $50 per ounce.
https://research.canaccordadams.com/Publications/Pages/Publication.aspx?PublicationID=46596
Those with reserves, that is, with a pre-feasibility with listed reserves or feasibility study, trade closer to $100 per ounce. Tyhee currently trades closer to $25 per ounce (2.2 million oz, 200 million shares at the recent $0.25 per share=$50 million market cap). To trade at the average of Canaccord’s list, Tyhee would need to double in price or double its issued shares, and once there are reserves, Tyhee would have to double again to match the average. There could be minor differences, but it is reasonable to expect Tyhee at $200 million market cap by sometime soon (this year) following its anticipated pre-feasibility in the next five or so months.
Go Tyhee,
Baires