How much gold can Tyhee prove up in the next year or sooner?
Maybe a lot.
Within less than one year following February 2009, Romarco Minerals increased the number its rigs to about four or five by year end. Then, Romarco's grades were generally lower than Tyhee's. But, it increased its total resource by about another 750,000 ounce in 2009, according to its CEO, Dr. Dianne Garrett.
Tyhee now has three rigs: two at Clan, one at Ormsby. All three are "on standby". We await news expected this month, as to what will be the new drill program.
Interestingly, Romarco's conversion rate of Measured and Indicated into Reserves has been, like Tyhee's, in the 50% range.
Romarco tells me that they are expecting to deliver their second Feasibility Study by this December. Maybe soon after, they'll be even closer to a BILLION shares fully diluting. Now, they're over the half BILLION mark.
Back to Tyhee: I'm hoping we see how it'll be scheduling its Feasibility Study in this month's news release.
Whatever the anticipated delivery date, (tongue-in-cheek) I'm hoping Webb will add an additional 22 days to that completion date, just in case stuff happens as it did with the PFS.
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