It's my understanding that when inputing the data used to calculate the cost of production, the engineers and Tyhee will have had to decide what minimum grades they use to figure the bottom line economics in this year's pre-feasibility study.

This might have been a dilemma, since as the cost of production rises as the cut-off grades decline, the number of ounces that can be produced goes up.

Last year there was talk of a 200,000 ounce per year mine with a life of about 10 or so years. Recently Skeleg reported that Webb was talking about 180,000 oz/yr mine.

Could this mean that Tyhee has decided to deliver a lower bottom-line cost of production in the pre-feasibility study rather than maxing the number of ounces it may produce?

I wonder if there are/were marketing concerns involved in making this decision? Would it be better to show-up at some financial institution in Missouri with a cost of production of below, for example, $300/oz, than a higher number of ounces that could be mined?

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