TYHEE GOLD CORP

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Message: Curious about what Level II shows...

Is this unreasonable or is this market unreasonable?

posted on Nov 10, 2009 07:26PM

Thank you GWTW for your info. on Level II.

I am about ready to start hitting my head against a wall; somebody help me!

Play my game for a minute and please tell me I am not crazy! (Oh, and be patient!)

-We have invested in a company which has demonstrated that it has around 2 million ounces of economically mineable gold in the ground.

-these ounces, once above ground are currently worth more than $1000 each

-that comes to at least 2 billion dollars before costs

-so let`s say, just to be safe, it costs $500 per ounce to get them out of the ground

-now we are down to 1 billion dollars

-let`s also pay for the mine itself, and let`s make it expensive: $500 million dollars

-that leaves 500 million dollars

-now, let`s divide that up amongst shares, which we will increase to 300 million, just to be really safe

Am I completely out to lunch in thinking that, in my ultra-unfavorable-to-Tyhee scenario, each share would still be worth around $1.66?

I now underline that this scenario disregards

-any increase in the price of gold

-Tyhee finding a single ounce more of gold on their properties

Sorry friends, I do not understand why no one wants this stock.

All the best,

stone


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