What is ahead for Tyhee: Part 2
posted on
Mar 06, 2012 05:02PM
Sorry for the lack of paragraph structure. My iPad does not appear to format well.
Back to the "go it alone" possibility.
My DD lead me to believe as I have stated before, that if we go this route we should expect to be watered down to one billion shares and conventional debt financing of $100-120 million. I have no crystal ball so it could be anyone's guess when the mine would be constructed and when the first pour would be. About 6 months after the mine opens, based upon 108,000 oz production a year and $2000 oz gold we could see a minimum of $0.50-0.60 a share on a conservative basis. This may not be palatable to some long-term shareholders but it would be a start. I have learned to scale down expectations and it has allowed me to pass on some investments while pursuing others.
On to Part 3.