$2.3 billion for 2.2 million measured, indicated, and inferred ounces of gold?

TYHEE GOLD CORP

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dcpatentlaw

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$2.3 billion for 2.2 million measured, indicated, and inferred ounces of gold?

in response to

Re: A Major Transformation of Tyhee

bhager

posted on Feb 03, 2011 11:07AM

Not to second guess Newmont, but . . . wow! $2.3 billion seems like a lot of money for a company with a measured and indicated resource of approximately 1.4 million ounces of gold with a further 0.8 million ounces in the inferred category.

I can't help but wonder what that valuation tells us about where Tyhee might soon be valued.