Tyhee Will Continue Drilling Clan Lake Into This Spring Because It Has The Cash, but to keep the drills turning beyond Spring, it'll need more dinero. (this from an email to me from Dave Webb yesterday).
It'll be interesting to see how much money Tyhee can raise following the PFS's delivery within the next 3 months, and for what intended purposes that money will be used.
Following Romarco's Feasibility study last February, they garnered over $20M. when their SP was about 38 cents, and began ramping up the number of drills at Hale to five rigs by year's end, thus adding about a MILLION ounces more to their resources.
I'd like to see Tyhee do the same.
Nevertheless, Tyhee has other priorities, i.e., The DAR, building a Mine, and a Feasibility Study.
So, it'll be interesting to see how much cash Tyhee will seek in the next (post PFS) financing and what they'll use the money for.
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