Re: How lousy was the Prefeasibility Study?
posted on
Feb 03, 2012 07:12AM
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Shiz,
My take on why the Prefeasibility Study was seen by some as less than stellar was that, in comparison to Tyhee's more robust Preliminary Economic Assessment (PEA), it's PFS fell way way short. The PEA's economics looked much better, despite there being NO RESERVES.
One example, the PEA's annual production was about 160k ounces, the PFS calculated a little over 100k ounces, a big disappointing difference.
There is an ever increasing level of confidence in the accuracy of calculations delivered by a PEA, in comparison to an PFS, and finally, the most credible accuracy is seen in those numbers calculated in the FS.
So, if the touted dramatic increase in the robustness of the upcoming Feasibility Study is realized, and the market continues to not recognize Tyhee's elevated value, then we leave mcuh of it to the Men in Black to figure a way out of this unpleasant situation. And, I'm sure, they're considering that possibility right now.