Re: May I have a drum roll please...
in response to
by
posted on
Dec 24, 2012 12:14PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Yes, there is a race going on between the Tyhee cash outstanding to keep it going, ongoing costs and the cash burn rate, relaxation and change in the permitting process which would speed up the permitting process, the imminent rise in the price of gold which is predicted by Maguire and others as physical gold runs out and the manipulators hit the wall, the availablilty of financing from royalty firms or other sources as they weigh up all these factors amd make a timely decision, and our own patience - though there can not be much point selling at this price.
Tough to fathom why there would be a commitment to ease financing by settling with DW on a new deal for the royalty - which shows commitment to forging ahead - and not going forward with the responses to the environmental information requests if as Crow says, there is little or no cost to doing that. The only explanation I can come up with is that the financing sources did not see this as a priority and the requests were so ridiculously detailed and broad that it is taking a while to respond properly. Ike