The PF Should Show Lower Costs Than Was Estimated $384/oz In The PA .
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Nov 04, 2009 01:15PM
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Tyhee has stated that it intends to deliver its Pre-Feasibility Study (PF) in "early 2010".
Since Tyhee now has more gold resources, together with lower energy costs and higher gold prices, Dave Webb believes the economics of the PF will show costs to be significantly lower than the $384/gold ounce that was estimated in its Preliminary Assessment Study (PA) of 2007. And, that Tyhee's mine life and production of ounces per year will be significantly greater than previously calculated.
Webb also believes that doing a Feasibility Study will not be necessary for Tyhee to get the financing it needs to go into production.
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