TYHEE GOLD CORP

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Only putting 2 and 2 together in the absence of much information as everyone else here, but as I watch I see precise and efficient moves on the part of the leadership of this company to build it, unlike previously which was more gung ho and loose.

I have seen this tightening of organizational functions and visioning - and the effective translation of these into concrete action - done in organizations I have been involved with. When superb managers get involved, everything changes, there is purpose and an intensity and excitement, and this is what I see beginning at Tyhee now.

As Knobby points out, this is both good and bad for shareholders depending on whether we get to share in the results.

Because this is new and did not exist before December, it also suggests that DW needs to learn how to do this himself, and the best way is to participate at arm's length and watch closely as it is done and to absorb the rationale, the method of movement, the precision of organizational change to meet strategic goals - all of that is a learned skill, and one cannot learn it if one is in charge of an organization and has no role models and teachers. DW has access to some of the best now, this is obvious, and he is in a very fertile situation, if he remains teachable and humble, and this is apparent in his character from the way he has approached his relations with people in the past, both in the community of Yellowknife, among the native people (who are very sensitive to patronizing), and among shareholders. A more approachable and sociable fellow one could not hope to meet in his position. I really like the fellow, but there have been some gaps in his behaviour and personal opportunities to develop which are now being addressed (at least this is what I see). What he considered normal and beneficial in the past is now not acceptable, but this is normal in organizational change, not to be disparaged and criticized, but to be built upon. Like the story of the young guy who is asked to meet with the CEO after he has lost $1 million in a bad transaction. He expects to be fired, but the good CEO says, "Why would we do that, we have a million dollar investment in you now". This is superb management. Of course I am only speculating and in a sense hoping against hope, but there is evidence to support the hope. Ike

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