TYHEE GOLD CORP

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Hans,

You asked about the FS, "Will it bring us to the magical 2 ML oz/yr production?"

I suppose by your "2 ML" you meant 200,000 ouces per year. Well, the PEA's estimate was close to a production rate of 160,000 per year, while the PFS had it near 100,000 ounces. A big difference. One that disappointed many.

In discussions with IR, it's not clear how much the FS will improve annual production, however,what is more hoped for is an increase in mine life by the FS. One greater than the estimated 7 years indicated in the PFS.

But, who's kidding who. No matter what the estimate indicates, hey, we're talking Archean deposits. Remember Giant Mine started out with a shallow deposit of about 200k ounces and a presumably limited or unknown mine life, only to produce 8 million ounces over decades.

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