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Message: Day one report of Cambridge House conference in Vancouver

Day one report of Cambridge House conference in Vancouver

posted on Jan 25, 2009 08:57PM

Well, Tyheeans, I went to the conference. Were any of you there?

I had lowered expectations, as there were to be about 1/3 less juniors represented than the previous year, and it seemed that there were not expecting to have a really high turnout.

But there was quite a good turnout. The largest speakers hall was filled to capacity with a few hundred extra people standing along the walls and waiting to jump into any empty chairs. Maybe there will be some stats or wrap up after the conference, giving numbers, but my anectodatal observation is that there was a high turn out and lots of interest.

The GATA presentation was just O.K. many of the workshops were really just promoting a few "sponsors" and newsletter writers, but some were of value.

There was a consistent theme that gold juniors are way underpriced and will be good investments this year. There was lots of positive sentiment towards M&A, providing discoveries made by juniors into the mid-tier and majors.

Many of the junior gold companies who had set up booths seemed to be more form than substance. As much as I think Tyhee does not do enough on investor relations, so many of the juniors are out there peddling stuff with very little or no drilling, resources that seem to me to be exaggerated. Many have result in the 0.6 g/t range as though that is really solid.

I was looking these over with a view to comparing tyhee, the business plan, the style of the directors, the geological understanding of the deposits, the (if any) winning strategy. What I have come up with, not surprising given staus as an evangelical believer in Tyhee... is that tyhee does not hype, but really is doing a solid job on the geology, that they have a real winning formula with that "DNA" that Dave Webb has nailed down in the YGP, that the constellatioon of deposits, each of which puts many of the aspiring juniors to shame...is a major asset that has huge exploration pottential.

Also, the 2 million ounces puts tyhee out in front of the pack. The lack of emphasis on flash and self-promotion, the frugality etc, all add value for us / conserve cash.

Also, the geograpic locaiton, lack of geopolitcal risk, and mining friendlly community make Tyhee really stand apart in compariston to what I saw today.

I skipped Nadler's Kitco presentation...

I kind of felt as though Tyhee is in a different league all together...and that focus on the round-up later this week is a good indication of where the real focus is.>>> eye on the prize, to build a mine.

As such, attending the Cambridge house has given me even more confidence that Tyhee is going to be one of the few very succesful juniors, a breed apart. But also that the sentiment in the investing community represents that tide coming in, that lifts all boats.

Tomorrow I will try to see DW, and take in a bit more of the Cambridge House show. WIsh I were a fly on the wall at some of the discussions DW et all will be having with industry insiders at the roundup.....

Here's to a good week for Tyhee gold.

SKELEG

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