Re: Webb Shows that Tyhee's at 50%-80% Above Its Peers.
in response to
by
posted on
Aug 12, 2010 08:02AM
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Bigrider,
I suppose, by "miracle", you're suggesting an unlikely or perhaps close to impossible event is needed for TDC's price to rise?
I, however, don't see that Divine intervention is necessary for that to happen.
Unless the All-mighty is required for the
1) price of gold to significantly rise this year and, in doing so, rise most all boats, especially those with PROVEN AND PROBABLE RESERVES. Hummm, do we know a junior like that?
2) for the market to realize that a company with more than 800,000 oz in reserves while gold selling over $1,200 is worth about a $25M market cap. Especially as it's well on its way to getting permitted, and facing the possibility of adding many more reserves to its Feasibility's bottom line. (Please see my previous post to see how the market is now valuing gold reserves at well over $100per ounce. So you can see, super conservatively, a value of over $80M, not $25M.)
3) There are many more reasons why a miracle's NOT necessary to float Tyhee and now many other submerged boats. The big question is, how fast will Tyhee rise to the surface, and even higher, whenits project advances, its comparative value, ie, to its peers, is adjusted, and when (ok, maybe here a miracle might help), Tyhee can get decent financing without greatly diluting its shares.
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