Agoracom: Small Cap Investment - Tyhee Gold Corp. - Tyhee crossing the river to one million reserve ounces...

TYHEE GOLD CORP

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Not all World Class Gold deposits start out being successful mining companies.

BAIRES2

Dec 04, 2011 05:22PM

Re: Not all World Class Gold deposits start out being successful mining companies.

BAIRES2

Dec 05, 2011 07:18AM

Re: Not all World Class Gold deposits start out being successful mining companies.

hansix

Dec 05, 2011 08:14AM

BAIRES2

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Tyhee crossing the river to one million reserve ounces...

in response to

Re: Not all World Class Gold deposits start out being successful mining companies.

hansix

posted on Dec 05, 2011 08:39AM

Hans,

Webb has said that the FS will be more robust by at least another 500,000 M&I ounces not considered in Tyhee's Prefeasibility study (PFS). If the conversion rate of M&I ounces to reserves is about at the 50% level seen in the PFS, then those additional ounces alone should push the FS resevres over the million mark. Add in any new reserves from Clan and Ormsby,then reaching the million mark seems even more likely.

As for when the "markets will take note that we've crossed the river", I think we'll see that IN SEVEN MONTHS, but until then...