Untold Millions
in response to
by
posted on
Jun 19, 2010 11:27AM
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DW is too responsible to hype what tyhee sits on. there are millsions and millions of ounces in the YGP constellation. Some time in the next year, a meaningful chunk of these will be converted to reserves. The measured and indicated resource will be expanded, and yet a lot of drill holes will come up duds.
Given the depth of the gold mining at Discovery, Con and Giant, and the two deep intercepts (two out of two drilled), I am confident that in the years that come, Tyhee's properties will yiled well over five million ounces of gold.
But the price of gold over the next decade will go through $2,000 and perhaps much higher.
Suppose they only take out 3 million ounces in the next ten years. That would be an average of what, 300,000 ounces. Of course production would be less at first, but go with 300 k as a ten year average between 2013/14 and 2023/34.
Using a price of gold averaging $2,000, as several years from now it should be more like $3000, and you get Six Billion Dollars gross. When in this would tyhee's market cap break the billion? I bet early on, when production is imminent.
The cost of mining will stay low while the US and global economy adjust to a new normal, and the politicians keep printing paper currency and confiscating the savings of dollar holders.
Yesterday's news that China wants to accumulate more gold, adn the increasing number of times gold is talked about in the press, is sign that we will soon see some big moves in the price of gold.
Tyhee is going to make it, and the evidene should be here soon enough!
blah blah blah blah blah. Go tyhee!
SKELEG