Re: An Important Question for the Forum: How Fast Should Tyhee Progess?
posted on
Aug 01, 2010 09:35AM
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Thanks Ron,
True, there are already enough ounces to build a mine, but are there enough ounces to make it possible to easily raise the the $170M to build that mine?
A mines value is substantially increased when it can demonstrate that it has a lot of resources/reserves.
My view is that the Feasibility Study, due next year, can be made much better than the Pre-Feasibility by adding more high grade (economic) reserves. Moreover, a project is valued more highly when it can demonstrate that it has great exploration potential. As Webb has said, banks say, "SHOW ME!"
I think that the only way to do that, is to drill up more ounces in areas where Tyhee plans to carry out its long held plan for a constellation of individual mines contributing high grades to a single central mill.
My vote is YES for more aggressive drilling which will lead to a more impressive Feasibility Study, which should make it a lot easier to fund a more robust, and expensive mine opeation.
Cheers,
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