Re: if my numbers are right
in response to
by
posted on
Aug 06, 2012 10:58PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I have to correct Greenbin on one point: The FS is due this month, not before; here's an excerpt from the Feb 13th President's Report as posted on the Tyhee website.
"These are finalization of the Feasibility Study (FS) we started last August and completion of the Environmental Assessment process, being conducted by the Mackenzie Valley Environmental Impact Review Board, which is the next major step on the regulatory path leading to receipt of all necessary operating permits. The Feasibility Study was initially expected to take approximately 12 months and we remain on target to finish this up on time."
As for the rest of Greenbin's numbers; who knows for sure; it's a real guessing game. I too would be disappointed if they report much less than 1MM oz of Reserves. Also, when the FS is released, it's very important to notice what gold price the calculations are based on: Yes the 3 year trailing price might be less than $1,400 which is the conventional baseline; however, the current price is $1,600, but we really need a near future price near $2,000. ...TDC's lowly market cap shows that. As I mentioned in my previous post, we need more than just a positive FS for this project to get financed at anything better than a give-away price: we also need an obviously return of the gold bull market, and a general money inflow into the Juniors and the return of optimism that entails. ...a "tall order" for sure, but just might happen