http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/agnico-eagle-to-buy-grayd-resource-for-275-million/article2171038/

This shows the redeequlous undervalue of Tyhee can not go on forever.

From the article, "The project has an indicated resource of 26.8 million tonnes at a grade of 0.88 of a gram per tonne....The offer is a 65.7-per-cent premium over the company's 20-day average weighted price ending Sept. 16, the companies said."

It seems to me that the value here is that their discovery may be a much larger find, lots of drilling to prove that.

26.8 / 32 x 0.88 = 754,000 ounces INDICATED

So at 65% above 20 day average, in the Tyhee case that would be $0.25 cents per share. SORRY, that's not enough. Put it another way, in terms of $ per ounce, even if we consider their INDICATED against 800,000 proven and probable, that would still be about $0.90 per share. OK, a little better.

Now, let's just compare TDC apples against GRAYD apples, in comparing against Tyhee's 1.95 million ounces Measures & Indicated, and you get more like $ 728 million to buy out Tyhee.

Is that more like it?

SKELLIG