I received a reply from Mr. Webb on this very issue:

We regularly watch our markets and look for unusual activity.

As for an unwanted acquisition, we are fortunate in having several large shareholders, each holding more than 10% of our issued capital in aggregate. One of these groups is management. For a takeover to work under BC regulations, the acquirer would have to obtain over 95% of the issued shares to affect a mandatory exchange. This is unlikely to happen unless each these large shareholders believe it is a fair offer. Likewise, a 50% plus one option would be difficult, although admittedly not impossible.

A further observation would be to consider what Tyhee’s assets are. Although it will sound arrogant to say so, we feel no other group could have accomplished what Tyhee has accomplished in the Yellowknife Gold Belt. An acquiring group might focus on the defined resource, and believe that “anyone could have purchased the Yellowknife Gold Project”, but it would be manifestly ignorant not to consider the mechanism that accomplished this. Importantly, one has to consider the purchase, the build of the project AND the identification, acquisition and definition of three new target areas. Each of these new projects have been returning very significant gold values, two of them appear to host material gold deposits. Without the team that accomplished this, Tyhee would not be the asset it is.

We will continue to do what we feel is in the shareholder’s best interest.

Dave Webb