I'll take it that neither IR or Hans Black made that statement. Sorry, I can only go off of what is public knowledge in the marketplace. All scenarios can be envisioned in DD but if the company feels confident in those scenarios, they should let their investors know.

The only question is: can I make money off of it and have a very comfortable margin of safety. If Tyhee's cost to mine 1 oz of gold came in at around $400/oz, there would be no question that this project is going to receive financing. At its current cost, it is still profitable although the margin of safety is not large given the current market price and direction of gold. At a higher gold price, the margin will make Tyhee relevent.

Money will flow to where there is confidence of making a profit. At the moment, the mining sector is experiencing outflows due to low confidence. This is nothing new, just the way human emotion wavers back and forth.