You can get his newsletter for free by emailing Toby Hansen,

tobinator00@yahoo.com

(Source, Toby Hansen's Heavy Metal Investor's Newsletter, December 27, 2009, pages 59-60) www.heavymetalinvestor.com

Tyhee Development Corp (TDC.V, TYHJF)

Tyhee is a late-stage development and gold exploration company with 2.1 million ounces of NI 43-101 compliant gold at its Yellowknife, NWT Canada fully owned properties. The company has the potential to increase this to 2.5 million ounces within the next six months based on drilling on some of the seven gold zones located on its Clan Lake site. Tyhee’s goal is to begin mining sometime between 2012 – 2014. Production is expected to be 200,000 ounces of gold per year. At its current market cap of about $CAD 45 million, Tyhee’s gold resource, relative to its peers, is grossly undervalued at $21 per ounce.

The company is expecting to deliver a "bankable" Pre-Feasibility Study (PFS) before the end of June, 2010. Its 2007 Preliminary Economic Assessment Study (PEA), despite being based on a low-ball gold price of $750/ ounce and peak energy prices of $140/barrel oil, delivered a highly economic operating cost of only $384 per ounce. This coming year’s PFS will incorporate much higher gold prices with significantly lower energy costs than did the PEA in 2007.

Tyhee’s President and CEO, Dr. David R. Webb, spent most all of the 30 years in mineral exploration and development in the Yellowknife area. His Ph.D. was based on extensive research of the Yellowknife Gold Belt. Webb is looking to see the Yellowknife gold project through to production in the 2012 – 2014 timeframe and anticipates a production of more than 200,000 gold ounces per year with a mine life greater than ten years.

Tyhee’s primary focus are deposits located at its Yellowknife Gold Project and include : Ormsby zone which contains 1.2 million ounces grading 3.42 grams per tonne, Bruce zone is on the Ormsby property and is located adjacent and along strike from Ormsby, the Nicholas Lake zone, located 6 km from Ormsby and has a measured and indicated resource of 311,000 ounces grading 3.54 grams per tonne, and Clan Lake with measured and indicated resource of 254,000 ounces with average grades of 3.12 grams per tonne. Exploration upside exists at all projects. Clan Lake, in particular, has the potential in doubling its resource base in the next year and is likely to be amenable to open pit methods.

As of September 1, 2009, Tyhee had nearly $US 3.5 million in cash, to be used for ongoing development toward the PFS and further drilling. On December 9, 2009, Tyhee announced the completion of a $3.0 million private placement. Institutional investors include Sprott Asset Management and Puplava Financial Services.

Tyhee’s stock has just broken out of a yearlong consolidation on high volume in late November. It successfully retested the former high at 18 cents and looks clear to run to the mid 30’s in the short term. Longer term as Tyhee advances toward production I expect to see shares trading in the multi-dollar

This summary was written by Chris from Boston.

(In this summary, Chris included an excellent chart of Tyhee's share price over the last four months. Regrettably, I was not able to copy it onto this post.)

Thank you Chris!

Cheers,

Baires