My initial thoughts on the MOU parallel those of Hurbert. However, with respect to the recent difficult financing and a statement that DW made to me at the San Francisco Hard Asset conference when the share price was between $0.14 and $0.15 along the lines of (paraphrased) that if the market didn’t recognize Tyhee’s value, someone would. Maybe this MOU is more than mire noise.

Clearly discussions and decisions to move Tyhee to the next stage in the third quarter (post Pre-Feasibility Study) are positive and the MOU shows publicly that one firm is interested. This usually means other potential joint venture partners are probably lurking.