Re: Oh, And By The Way, Williams Creek Gold Also Hit Its 52 Week High Yesterday.
posted on
Jan 01, 2014 10:36PM
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Sea: Tyhee is absolutely your best bet, there is a definite plan in place, and the risk is also lower than on WCX (maybe much lower) because it is clear that Black/Sonnenreich and other insiders like Intervest have a large - and until now growing - stake in Tyhee, and they can't really wait for Tyhee to begin producing very long because of a high rate of cash burn.
The same main people are involved in WCX as in TDC, and they can wait for WCX if they can do a Private Placement (PP) at the higher share price of lately and get some cash together and do a bit of exploring. But though the WCX sp has been rising, it is not on a lot of volume, suggesting interest is not concerted at this point and may not last. Placer deposits are close to surface and are usually in soft geology so shallow open pit would be the option there likely, and would not be as expensive to explore and develop.
Barkerville owns the ground below the WCX placer in this location so there is some logic there for a combination with Barkerville as well (though the mining technicals are completely different) but who knows whether this will happen.
As far as WCX, I don't have any idea what the plans are re Tyhee, all I have said is pure speculation, but its share price is moving, WCX has great properties, the same players in Tyhee are in WCX too, and they are not slow to see opportunities and figure out how to take advantage of them.
There is no sign of any direct connection between WCX and Barkerville either, such as an acquisition either way in any time frame we can identify, but in light of Barkerville's recent and further past drill results WCX certainly looks more attractive as a long term investment, and with all the connections between WCX and Tyhee, who knows? Just makes sense that Tyhee and WCX would be interested in each other.
The vision? Tyhee produces gold and income in the near future, WCX provides a pipeline of future projects that part of the returns on Tyhee acquisitions can be invested in until Yellowknife comes more into focus, depending how long that takes. And then Yellowknife can wait nearly indefinitely for mine development, while the engineering and environmental are completed, and then YK becomes a real gem when it gets approval. Lots of factors. Also, we need to keep in mind that the Yellowknife project needs a lot of cash to develop. Ultimately, any investment in WCX now would be a real risky thing. Ike