Re: Gold, JRs, and EW OOPS redone
in response to
by
posted on
Apr 11, 2008 07:29AM
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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. The interest of analysts and institutional investors. This will bring much needed volume and liquidity, and also bring the share price to better valuation. This should happen in June or so this year, as Dr. Webb has told me (i've posted it) that he will lay on a trip this summer for analyists, and that we (investors) won't know about that trip. This, along with a PR push and community outreach with a TYHEE Office opening in Yellowkinfe, will get the Tyhee story known, and make people understand that a mine is getting built. People will want to own this gold mine.
So this 1-2-3 punch, or flurry of punches, will be unfolding in the next2 to 3 months. Really. I've accumulated enough TDC to be a 1/1000th owner. That means for every ounce in the ground, I have a dollar, before costs. My own calculus is that there is over 10 million ounces, maybe even 20, in the Yellowkinfe GOld Belt properties that TDC contols. This is what people call DOMINANCE of the resource.
Sorry for the multiple posts, 2 of my children were jumping on me like fleas.
SKELEG