This snippet comes from the comment section of the Motely Fools review of Tyhee. It puts Tyhee's progress and absurd valuation in context with other's of similar stripe.

http://caps.fool.com/Blogs/compelling-pm-microcaps/599604

In short, though, and with all due respect, I think you simply don't have knowledge of the process by which assets are developed from initial staking through to production. It is not a switch that you flip, so your assumption that these past years spent waiting without production must be the result of some shortcoming is a false assumption from the onset. I might point out that Taseko Mines, a profitable copper/moly producer with ample cash flow, incurred 15 years in the thus-far unsuccessful effort to gain regulatory approval for construction of its Prosperity gold mine.

I understand (and appreciate) your line of thinking, but I can counter it in multiple ways. First, Tyhee has done an excellent job of ushering these discoveries through each phase of the development process, and no matter if you're a microcap junior or a mega-cap producer, developing an asset remains a lengthy and arduous procedure requiring years of patience on the part of committed investors in order to realize gains on that asset. Tyhee's small size has not, in my opinion, materially delayed nor hindered the asset's path toward production. That is to say, the development timeline has been within a range that's typical for the industry, regardless of the developer's market cap.

Each and every one of my most successful multi-bagger results in the precious metals sector to date has been realized through junior explorers stewarding their own assets along the path toward production. I draw your attention to Copper Fox Metals, which was a "tiny, undercapitalized" company when I built a core holding at $0.11 per share, and presently trades at $2.34 even before achieving production. Sabina Gold and Silver, Rainy River Resources, Osisko Mining, Alexco Resource, Rubicon Minerals, MAG Silver, etc. ... these are all stocks that have been multi-baggers for me personally by blazing their own paths in the direction of production rather than grooming themselves for acquisition. In contrast, relatively few of the established producers I own have doubled or better during the same timeframe.