On adding ounces per share DW replied today:

I think we have done a great job of adding ounces per share. At the end of 2007 we had 160 million shares and 1.6 million ounces of gold. That is 0.01 ounces per share, or 100 shares per ounce of gold. In December 2007 we sold 10,000,000 shares (rounded) to raise $7.5 million. We added 500,000 ounces of gold and completed a PA using these funds. That is 0.05 ounces of gold per share sold, or 20 shares per ounce of gold. The existing shareholders benefited tremendously by this.

This year we look to raise $6 million and plan to do engineering, permitting, and exploration work. The focus is on the former however we also anticipate increasing our resource further. Tyhee would be a much more valuable company if it delivered permits and a prefeasibiity, however we intend to do much more than that.

We have a great track record of increasing our ounces per share, so each share sold has in the past increased the average ounces per share. This is not dilution, rather existing shareholders can see they have incrementally more ounces per share than in the past, and those ounces are becoming more valuable as they get closer to production. As Jim said. This is what you want to see.

Dave

And regarding other questions I put to DW on contingencies for mild winter at just the wrong time (when moving construction equipment to build the mine) DW wrote:

Current Land Use Regulations make overland alternatives to the winter road virtually impossible without years of studies, planning and permitting. ALthough the diamond mines lost their winter road once, we never have and the records of the old Discovery Mine (produced from 1949 to 1969) do not show any problems with the winter road. The diamond mine route from Tibbitt Lake includes a long swampy section near Dome and Waite lakes that never freezes well. Our route does not have this problem.

We will have contingency plans. The oil industry has "swamp mats" that enable them to work over marshy terrain during non-frozen times. There are airships and heavy lift helicopters, but all of these alternatives are likely too expensive and not realistic options.

You may also notice that Global Warming is a phrase that's not used too much these days. It has been changed to Global Change". The fact that the global temperatures have been dropping for the past 10 years might have something to do with this. In any event, the annual fluctuations are more significant short term than the longer term trends of .5 to 1.5 degrees per century. While significant to the species, it is not significant to the project.

Dave

My comment. The CEO understands that we shareholders are the owners, and he respsects us. He replies promptly and in detail, out of respect for people and for shareholders. This puts him in the category of excellence that has won my and maintianed myconfidence as an investor, and that is no easy feat!

Where Tyhee is now, and what it's doing over the next 8 months is pivitol, and very exciting.

SKELEG