Re: Oil and Gold
in response to
by
posted on
Dec 07, 2008 07:25AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Skeleg, I will hold at least 2/3 of my 331,000 shares until production or a takeover. I took delivery of 218,00 shares from my investment account to keep in a safety deposit box and basically forget about. I believe my investment is safe as long as Tyhee has access to working capital.
In my opinion, based upon the type of deposit (Archean), it will prove to be reasonable and conservative to simply multiply the NI 4101 M&I and I to date by a factor of 3......ie. we currently have about 6 million ounces instead of 2 with more to come as the drill results are announced. Archean deposits in this area typically show increased grade as we go deeper and we can probably go 3 times the current depth of most of the drilling to date.
Am I making sense or have I missed something?
Kiyakker