Dave Webb Answers More Questions From Our Cambridge House List
posted on
Oct 07, 2008 03:18AM
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Dave Webb Answers More Questions From Our Cambridge House List
(I have paraphrased his answers)
1. Why don't Tyhee insiders own more TDC.V?
Dave said he owns more than 1,000,000 shares which he paid, on the average $0.50/share. He suggested that since he hadn’t been paid while at Tyhee from 1998 to 2001, and is still paid less than the senior consultants, if he had been paid he would own more.
2. It has been said that when insiders own less than 10% of the company, it shows lack of confidence. Do you agree?
Dave said he does not agree.
3. Will Tyhee initiate a Feasibility Study? When? How much would it cost? How long would it take, worse case, best case?
When appropriate, it might. At that point Tyhee would seek bids…. It could be omitted, or take 18 months.
More drill results, resource estimates, progress on permits. Tyhee’s drill results come out every 6 to 8 weeks. On its August 12th News Release (S9, R12) it said Tyhee expects a revision of the Ormsby resource to be completed within 60 days. Quarterly financials will also be released.
5. After how long of a prolonged PM sector downturn will it make it likely that Tyhee would be acquired or do a JV? Which would you prefer if a long term poor economy forces you to abandon your goal of being an independent miner?
Dave said he didn’t have any idea and that he’d prefer to be bought out for a bagillion (I paraphrase) dollars.
6. Will your Tungsten be a significant benefit to the bottom line?
It could make a contribution, but probably not a significant one.
7. What action is or will be taken to stop suspected illegal bashing of Tyhee?
Dave said Tyhee will take all action that is necessary.
8. What's the most likely obstacle that would hinder or prevent Tyhee from going into production?
His answer: Gold below $500 per ounce, money, permits