All of the "good" deals were made prior to the runup of the gold price (Before Jan-Feb 2016). A lot of quality projects were purchased because the prices were low. Now, prices are a higher and introduce more risk (especially with the uncertainty of gold breaking $1400). There aren't many cashed up producers that are going out to purchase sub-par projects (there's very few quality ones left at attractive prices).

Yes, Tyhee is unique in that they have reserves. Not many juniors can make that claim as the majority of them pursue the strategy of getting to M&I and then waiting for a buyout or higher gold prices.

However, Tyhee's management was extremely weak and pursued strategies at inopportune moments. Why they tried raising $17 million with no operations or cash flow during a time when the amount of deal flow in the precious metals sector was at the bottom is beyond me. In the world of junior mining, having a weak management can cost you the company even if you had the best project in the world.

If Tyhee had competetant management (mind you, I am only going after Hans Black, the rest are okay), the price on Tyhee would be much higher. Maybe around the ballpark of $70-80 million. We could still get that if what you are saying about multiple bids and companies is true. At least Tyhee is selling near a short-term top, but overall a good asset with potential for more was mismanaged by a money manager that didn't really understand mining (or the money management business apparently). It'll just go down into the large book of Canadian juniors that didn't make it past the finish line.

Of course, the long term shareholders suffer. Its 11 more days until your deadline. I think shareholders at least deserve to know what the end of this is (either $0.00, $0.05, $0.10 who cares, lets just know the fate of the company). I joke, but I think we won't get any news on that day.

Precious metals investors are now shifting to those that can drill and explore after almost 4 years of a dead market. The Tyhee story was nice, I liked it, put some money into it, but I've already counted it as dead money. If we get my 12 cent buyout price, I consider that my one lucky moment in life, and it's time to stop buying lottery tickets.