Re: Gold, JRs, and EW
in response to
by
posted on
Apr 11, 2008 07:23AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Christo,
As for me, I believe that Tyhee will have a 1-2-3 punch. As much as it's fun to look at technicals, a junior stock does not have enough liquidity nor volume to justify a technical assessment.
The 1-2-3 for our stock will be, in any order:
1. The resource becoming sizeable enough to attract interest of JV partners and buy-ins, with associated NEWS;
2. The economics are published, and the proposed mine is economic. This is part of a continuous source of positive (or negative) news on the progression from exploration to development. Each major benchmark will be a pop for the stock. You can calculate the earnings of the mine in production and you'll get a share price over $20.00. This is 3 to 5 years from now. So between now and then, each benchmark achieved is an upward step towards $20. My benchmarks are:
PEA and Feasability Report;
Resource over 2 MOZ with more details on extending life by publishing the tonnage of the exploration targets deeper than 500 feet. As this will show that just at Ormsby/Discover zone, there is actually 6+ MOZ to be unearthed.
Approvals with NWT / permits;
Community outreach and First Nations support;
Financing; and
Begin moving equipment / building infrastructure;
3.