Re: tyhee gets little respect...
in response to
by
posted on
Aug 16, 2012 05:45PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Thanks RF, and I join with Hans in welcoming you. This is definitely a stock picker's market, but when gold rises, all ships will rise with it.
Personally I think of TDC as more of a long term investment - not to say that short term the stock won't rise when more "respect" arrives - but the prospective resources there are very large. The current FS describes deposits which represent only a small part of what is likely there. Especially the Clan Lake area shows great potential. Deposits are open in all directions and there is a long history of mining high grade gold in the area. The deeper you go the more gold there is.
The previous CEO was more intent on exploring than developing the existing deposits and ran into problems with financing. This has been fixed now, and the future looks very good, but the hangover from the history of rather adventurous approaches to management and development has held the stock back recently. Before he left though the previous CEO found signficant resources at Clan Lake especially.
IMO the project now being developed will fund further exploration and provide infrastructure for future development in the area. Ike