posted on
Jan 27, 2011 10:10AM
Cjj53200, Where did you get the 15 cent TDC year end price? LOM is predicting 30 cents by then, which is just about the same share price at which Romarco did its $25M financing immediately following its first Feasibility Study in Feb.2009. Less than a year later, using that cash for very aggressive drilling with as many as 5 rigs, Romarco's SP shot up to over $2.00. I would not be surprised to see Tyhee's future being much different once it's determined the lateral extent of its overall Clan Lake zones. Then, as Webb wrote to me recently, Tyhee will feel comfortable in spending a million or so dollars a month for the numerous rigs which will more rapidly build its resources as never before seen. To someone who's not a geologist, the way Tyhee is now going about increasing its resources may seem puzzling. No matter, I put my faith in Dr. Webb and his team of professional geologists to figure out the best way to proceed in this area of the business. As for the financial side, they've got Lorne Anderson, and the folks at Interinvest. In summary, this is another way of saying that we investors are in very good hands. Cheers, Baires