timing and delivery of promised news? - not an issue. Big Picture is important
in response to
by
posted on
Mar 19, 2010 12:43PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
My view on this discussion is as follows:
1. Promised news releases come out basically on time.
2. My expectations are more ab out content than timing. If we are expecting news on drill results, while it would be nice to have news before some nice event like PDAC, it's far more important if the drill results achieve the intended results. In this most recent case, they do this very well. By filling in any gaps in the Clan Lake main resource, Tyhee can now further refine their geological modelling of the deposit, have more ounces in the resource, and narrow the search for any otehr extensions to that deposit. It is a meaningful discovery, but does not end there. There is far more gold to be theorized, explored for, drilled off and announced!
3. The next set of drill results starts early exploration of the Clan Lake extension to the east. This is less likely to provide high grade gold in every drill core, but will have some. If what is found is really great, it's a major discovery. but some of these holes may well have no high grade. That's ok, it's part of what must be done to understand the geology and the supposed extension of the main zone. Then more targetted follow-on drilling comes, and that's when we'll see more and more beautiful results. So my expectation for the next dozen or more holes will be to demonstrate that more drilling is warranted. ANY HIGH GRADE RESULTS ARE BONUS, as this is exploration whereas the last drilling at clan lake was more advanced exploration of an already discovered deposit.
4. Tyhee overdelivers and underpromises, in my view. Forget about dates and time promises. We should not push DW to make such promises. Focus on what's being done to compelte the EA process, the Pre Feas study, all the regulatory hurdles. What salient benchmarks are about to be achieved, which reduce uncertainty and risk for investors? ROUGHLY, when will they come?
5. How can I buy as many shares as possible at these retardedly low levels, BEFORE those benchmarks are achieved?
6. Are there any risks that the project will fail? Or are there indications that all players want this to happen?
My view, based on lots of sleuthing and spying, is that there will be a producing gold mine at the Ormsby site by soem time in late 2013/early 2014. There will be subsequent mines at other discoveries in this gold camp, and Tyhee had the dominant position and all the major discoveries to come in this Camp will be on Tyhee's claims.
My veiw on the company is that the shark-feeing of those vultures who push down promising companies, so that they can profit on the financing will be less severe once Tyhee achieves DAR and PFS. By December 2010, Tyhee will have been noticed and be treated with more respect. Shorting tyhee before a PP will no longer work, as there will be many others ready to finance tyhee than currently appears to be the case.
But there are some negatives. Tyhee will need to raise more money, that's the nature of the beast. My hope is that they have enough cash for exploration into the fall, and enough cash for ops/corparate to take us past PFS and DAR submission. ONce that's done, share price will be higher and raising money will be an upward, self-reinvorcing spirall with a couple of nice bumps alogn the way (July and Oct).
So let's keep our eye on the big picture. The news releases that are coming are revealing a truth, and the truth is that Tyhee is trucking along nicely and near or beyond the crest of the hill. Once over the ridge, we'll have our destination clearly in sight, adn the risk of stalling out and overheating on the up-hill climb that is exploration will be in the rear view mirror. After all, having 100% ownership of the best claims in a bonne-fide Gold Camp is a rare jewel.
SKELEG