Good articles on AEM's initial 12% JV in Comaplex, positive for TDC valuation?
in response to
by
posted on
Apr 05, 2010 03:25PM
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http://www.theglobeandmail.com/globe-investor/markets/streetwise/senior-miners-reel-in-deals/article1523684/
What I like about this is that it talks about majors "trolling for juniors".
Put in the context that DW has the door open to listen to whatever serious considerations could come through the door, I don't think it's far fetched to consdier Tyhee to be on the verge this year of being given a good look over by a producer.
It could also be looked over by funds which have a $100 milllion threshold before they'll even look at an investment. But when that 50Cent target is achieved, hopefully this summer in my speculative view, tyhee may be able to raise cash more easily, expand drilling and have a better cash balance.
On top of ZERO debt, 100% ownership of it's claims, and having paid it's dues in progressing a viable project towards permits.
ANother good article on the Comaplex deal, which when comared to Tyhee are very instructive. AEM now plans to tripple the drill program to 100,000 metres, and not bring the project into production until 2015. Expecting 5 million ounces or more. There was a nother nice qoute in this article:
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/agnico-says-mine-will-be-larger-than-thought/article1523614/
Any time there's a deal struck in the sector, it casts a favourable pall on the other junior companies out there, so people will speculate on who the next take out candidate might be...this should be positive for other companies' share prices,” Mr. Burchell said.
That is not to say Tyhee should be looked at as a takeout target, but that it shoudl be valued much higher than it is. This valuation is about ounces, feasabilty study and the permit process. Such quality projects, unencumbered (see article) and with no other commitments are rare and increasingly valued.
SKELEG