I never interpreted Roger's retirement to mean anything other than, at 73 years old, he wanted to spend more time doing other things, like his love for world traveling. Roger was very bullish on Tyhee.
Also, the last drill samples out of Clan, although not so fabulous in terms of grams per tonne, were significant. Not because of high grade over great widths, but to the extent that they demonstrated those near surface deposit extended further out in lateral dimensions than previously thought. Compare those grades to the lower ones at Osisko in Quebec! Osisko's success is due, in part, to the enormous lateral size of its deposits, despite their comparatively lower grades. Tyhee's strength, being an Archean gold deposit with generally higher grades, is its typically deep vertical ore bodies as well as well as its lateral dimensions. Of course, much deeper, more expensive holes need to be drilled to satisfy the "show me" critics who want what's at depth to be better quantified. Webb understands that, and intends deep hole drilling when/if money is more available. His priority has been to spend his exploration budget on drilling at more near surface levels where an open pit mine would more immediately benefit Tyhee's revenue.
The PFS's contribution of over 800,000 ounces of gold RESERVES to Tyhee's resources, having no immediate boost to its market cap, is disappointing. I'd like to hear more from Webb as to how he explains this unexpected lack of market response to what we were told, by him, would be a marked upward valuation of Tyhee to levels (>$100/oz)seen generally in juniors with proven reserves. Alas, as of yet, not so with Tyhee (<$15/oz).
Was Webb unduly focusing our attention on a metric which, i.e., the importance of added reserves for increasing its valuation, when other things, not elaborated, were in play that were to keep Tyhee's market cap anchored at this low level? Of course, the "tide", aka POG, has NOT yet risen much during these summer doldrums. So, we'll just have to wait and see if there are "other" factors that are keeping Tyhee from rising.
Webb has suggested one big factor holding down valuation to be his modest exploration budget. He wants a bigger one. Will more money for drilling that would result in an anticipated acceleration in resources from Clan do the trick? Or, will Tyhee end up submerged as the tide comes in, and other juniors, with lesser reserves, lesser prospects for a mine in three years, rise higher as Tyhee goes deeper underwater?
Dr. Webb, what's going on?
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