Skeleg, I see things looking differently than you do in a few years..
in response to
by
posted on
Nov 18, 2010 01:12PM
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Skel,
You see Tyhee,
"...in a few years. DW will still be CEO, and even if we end up with 500 million shares like R, we'll have a producing gold mine with enormous long-term expansion potential, in a stable political and regulatory environment."
In a few years, I see Romarco Minerals with about ONE BILLION SHARES as it pours its first doré bar. Romarco, has yet to complete its final feasibility study, due next month. They're going to need a lot more money to build a mine and mill, more than the $146 million they have now in cash.
So, if Tyhee can get into production with only half that, $500 million, great! But, it's all relative as Romarco, given the expected enormous increase in its reserves with this coming FS, its mine should be a very large producer. Remember, they've been spinning SIX RIGS for the last year or so and have had very good results. R's going to need a BIG MILL and will probably issue more shares to fund it.
Also Skel, you think Dave will be Tyhee's CEO in a few years? What about if WCreek and TDC do a JV, and Dave becomes the CEO of NTR.TO (Northwest Territory Resources)?
B.