TYHEE GOLD CORP

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Message: Yet another good sign

Yet another good sign

posted on May 04, 2009 04:34AM

For a nice thing to read on a Monday, in the context of Tyhee, all of the key points are met. Scroll down to the discussion of the $CDNX /TSX Venture chart at:

http://www.gold-eagle.com/editorials...

The CDNX rose 5.45% over the month continuing it's upward momentum. The index is approaching a resistance line above 1000 on this log scale monthly chart and will likely take some time to overcome that level. All of the indicators are extremely oversold and the fundamentals for many companies within the index, mainly gold and silver companies, remains strong. While many of the companies are in cash preservation mode some are easily receiving financing to continue exploration and development.

The key things to look for in the smaller companies are;

  • Good management with a proven track record
  • Cash, and an ability to use it frugally
  • Ability to raise cash under good terms
  • Properties in safe jurisdictions, i.e.. not Venezuela or Pakistan etc...
  • Proven resources of preferably over two million ounces in the measured and indicated category
  • Room to increase the size of the resource, or a resource open in at least one direction with favourable geology

Add to that list the progress in the permitting process and the "survival of the fittest" stage in evolution, and you should come up with a smile, as a Tyhee shareholder....

SKELEG

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