Fragglerock,

Thank you for your opinion after a few beers.

I DO NOT AGREE with you that Tyhee's $541/oz operating cost is, as you say, "VERY high" (I’d leave out the word “very”). Certainly it was a surprise to see it higher than the $374/oz delivered by Tyhee's 2007 Scoping study (PA), even when oil was as high as $147/barrel. But, not so high, when compared to Romarco Minerals production cost of$450/oz delivered last year in its full Feasibility study.

Here's the big question, yet unanswered:

Not included in this week's report was Tyhee's ELECTRICITY COSTS. Going forward, this will be a critical factor in Tyhee's production costs, and it is now not clear, if by next year's Feasibility Study, whether this will or will not improve. I'll ask Webb about this, and of course, we should be able to read the report in the next 45 days when it's released. On a positive note, since in this week’s news release it was stated that Tyhee will plug into the local grid, it may not be so exposed to the possible negative impact of future higher oil prices, and instead, Tyhee could see possible savings from lower hydro-generated power that’s fed into that grid.

That said, at today's gold price, Tyhee's NPV is greater than $217,700,000 with an internal rate of return of more than 38.8%.

NOT TOO SHABBY! But also, NOT SPECTACULAR.

Flaggerock, as you requested, I will NOT offer to send you a copy of Barbera's "Return of Yellowknife Gold", since it would suggests that you to appreciate a much bigger, longer-term picture of Tyhee's potential than what you seem to now be focusing on.

Barbera's enthusiasm for Tyhee was largely based on the realistic prospect that it's a DISTRICT PLAY with a CONSTELLATION of mines feeding a CENTRAL MILL being fed with enormous, and historically demonstrated, multi-million ounces of reserves at depth from its various Archean deposit mines, much like those deep rich deposits from Yellowknife's Giant, Con and Discovery Mines.

I sympathize with you and all of the over Tyhee investors, who may be blinded to Tyhee's potential by how the market has reacted to the Pre-Feasibility study. I too am disappointed, but these numbers (pardon the pun) are not set in stone.

The Yellowknife Gold Project IS Economically Viable, and has enormous potential to be even more so.

Clan is just in the early stages of exploration, as is Goodwin. Tyhee’s already pulled out Clan cores with 10’s of meters of 10’s of grams per tonne. Again, not to shabby.

And, finally, Fragglerock, since I’m guessing that you’re selling your shares, thank you for giving them up to someone who can better see the bigger picture and can more affordably buy them at these fire sale prices. It is my conviction that these buyers will be richly rewarded as they have purchased, thanks to you, a part of the most undervalued gold junior on the planet.

Flragger, your opinion was after a few beers, mine is after a few cups of coffee.

Cheers,

BAIRES