So, here's a paraphrased version of Greg's response:

He said he was misquoted and that what he said and meant was if an offer was made for 40 cents a share, the BOD would be duty bound (that's where he used the word "astounded") to alert the shareholder.

He thought that at 40 cents, many shareholders would view that favorably, especially in light of recent market conditions. However, he didn't think the BOD would support such an offer, nor did he suggest that such an offer would be accepted by the majority of shareholder, although he thought it's a possibility.

Assigning a number on it, he said, is not useful as there are now so many unknown factors, e.g. real cash costs, POG, CAPEX, market conditions, etc. Greg believes that Tyhee's worth is far greater, and this, he said, will be demonstrated in the coming year, especially with the advent of the Feasibility Study.