posted on
Oct 30, 2013 03:58PM
Baires, Tyhee has been off my radar screen. We need a much higher POG. Anything paper can and will be managed for fun and profit. If Tyhee can continuously attract enough capital it will plod through the EA and engineering but the burn rate kills............
This has been a long drought for dedicated precious metals watchers. On our way to a billion shares or equivalent. Still of the belief that the appreciation will not occur until the first pour. Sure we could rise with progress up north and a much higher POG but it may not be sufficient to make most whole and give a return. Time frame is just a guess with the unknowns. I would say that someone may be able to start production in 2016. May not be the entity who owns it now though..............
Between now and then, there will be mine closures but some new production added by the monied crowd. Many others are in our predicament..................
The major reason I hold is because I believe gold will reset higher in the next couple of years. This will boost all the juniors who are on the cusp of development but have no cash. The game is being played out where the weak hands are still unloading into those who see the value. The real value will be exposed.................
Good news is that Yellowknife will need a boost soon or the local economy will dive. There is strong incentive for 2014 to be a year where the paperwork starts to be shuffled more................
You can still trade SLW and some of your favourites for income. Good fluctuations and volume.