TYHEE GOLD CORP

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Message: Re: Interesting development
13
Feb 05, 2013 04:52PM
The non- brokered Unit PP took longer than I had anticipated. This is the first step in a series of financings to take us through the EA and permitting. Not sure what the burn rate is. There was a need to keep the SP above a certain level. May see a slight drop from here or maybe not. A recent friend has walked me through his experience with the NWT government. He is a mining consultant not related to Tyhee. The need for the Territory to bring on new mine development will certainly help the process. It is all about the First Nations as I have stated before. They are not a cohesive group but when their back is against the wall things can happen quickly. It is in our favour because during good times they will squeeze every dime out of the project and come back for more. These are not good times for the NWT. The future potential dry period has them worried. The POG has been basing for a long time now. Mining costs will take the less productive mines out of play. The POG needs to rise as the supply will start to dwindle next year. Demand is in our favour for when the first pour occurs in a few years. Yes, dilution will be a constant factor even as we take on conventional debt. The pay off may be years away but it should be worth the wait if you entered recently under $0.06. The rest have a longer wait. Cheers!
2
Mar 14, 2013 06:04PM
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Mar 14, 2013 10:46PM
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Mar 15, 2013 06:43AM
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