OK, I am paraphrasing here from Frank Barbera's report on Tyhee last year:

Typically, over the last decade or so, early stage exploration and development ozs are valued around $50 times the number of ounces.  In recent years, the higher gold prices has changed the equation.  The $50 times benchmark for Jr exploration companies has more commonly been in the $100 times  to $150 times range (as of March 2007 with a $650 gold price)

Examples of this are Goldcorp/Virginia Gold deal where VG, a non-producer was purchased for $146/oz. Another is Agnico Eagle purchased Cumberland for $215/oz. (Note, these deals were done with a $600 - $650 gold price range)

According to one analyst, what makes Tyhee's gold ozs so appealing is the fact that these types of deposits are usually mineralized to depths of at least 1000 meters! So the likelihood of the resource size increasing dramatically over time will allow the marketplace to attach a higher value per oz on the current Tyhee resource.

Dave Webb told Mr Barbera that within the mining business, there are 'ounces' and then there are 'ounces'. On the other hand, you have a produced ounce that we all know sells for $650, while on the other hand, you see the low end of the spectrum with ounces that are refractory and very marginal and often are not economically viable.  In the case of Tyhee, the company is using its "high grade" ounces as the basis of a current "scoping study", which seeks to validate the economics of the ounces in the ground with respect to running and building a mine.

So, Tyhee at 2.5m ozs could easily fetch a share price of over $3.00 now.  How about with 3M, 4M, 5M + and gold north of $1,000?!

There has been much written on the Jrs 'catching up' before long...

Got Tyhee?