The notes I’ve written about Romarco Minerals as the most analogous junior to Tyhee are scattered about on quite of few Agoracom posts over the last year. Many of the posts focused on issues other than just the R.V/TDC.V analogy.

My essential repetitive Agoracom messages in all that I’ve written about Romarco is that it had, last year, less measured and indicated (M&I) gold ounces than Tyhee yet, with its February 2009 bankable Feasibility Study, and subsequent $20Mplus loan, its share price blasted off to where it reached ten bagger status within one year.

My point, which became almost a cliché, was that with the delivery of Tyhee’s upcoming bankable Pre-Feasibility Study this Spring, we might very well see a similar blast-off in its share price, especially since Tyhee’s total M&I ounces and grades were higher than that of Romarco’s, and according to Dave Webb, Romarco’s ore bodies were not as well connected as are those at the Yellowknife Gold Project.

While I was posting this information on Agoracom last year, Romarco, with five drills turning, added another 750,000 ounces to their resources. Interestingly, of their new total resource this year, now over 4M ounces, only 2.2M ounces are in the M&I category, as compared to Tyhee’s 1.8M M&I ounces from last year.

What’s interesting is that it was only yesterday morning that I spoke to Victoria Vargas, Romarco’s IR person. She said that with Romarco’s new ongoing Feasibility Study due later this year, it’s anticipated that their production costs will be considerably higher than that which was calculated in last year’s study, $266/oz. This new one, she said, would be closer to a production cost of $350/oz. which, I suspect, Tyhee will easily beat, since its 2007 Preliminary Assessment production costs were calculated to be $374/oz when oil was over $150/barrel and gold in the $700’s. Then, there’s also the possibility that Tyhee’s neighboring Hydo-electric power source, if made more available to Tyhee, could further lower its costs.

To get a better overall view of Romarco’s 2009 share price performance as it achieved the various milestones that Tyhee is about to reach, go to their website and look over its January 2010 Corporate Presentation by Romarco President and CEO Dianne Garrett. Take a good look at the slide entitled “Romarco Share Price Performance”. I’m of the opinion that Tyhee’s progress may look similar once its Pre-Feasibility Study is delivered next quarter.

Baires