TYHEE GOLD CORP

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Message: Another Good Reason To Drill The Heck Out of Clan Lake...
4
Jun 10, 2010 10:09AM

Jun 12, 2010 11:14AM
6
Jun 12, 2010 01:08PM

Tyhee's gold is now valued at about $20/ounce, compared to its peers who are getting about $80 for each of their ounces. Tyhee's gold has rarely not been undervalued in the last five years, and there are many reasons for that. One of them being that it's not yet produced an economic study with RESERVES.

I don't have the stats in front of me, but it looks as though the explorers that have had good PFS or FS, overall, have their resources valued closer to $80/ounce level than to Tyhee's $20/ounce.

Following the PFS and the hoped for revaluation of Tyhee gold, Webb could capitalize handsomely on Clan Lake's potential. (Remember those historic 600,000 ounces logged there in the 1960's along with the bulk sample of ~14 gpt from 1000 tonnes at surface.)

So, if Webb can quickly skyrocket the recent 350,000 measured and indicated ounces he already delivered from Clan, with another 350,000 - 500,000+ounces this year, Tyhee can approach the the 3 million mark and rising as the company heads toward completing its Feasibility Study next summer.

I like what Webb's doing. To stop drilling at Clan may save money and lower dilution but I see no way that would speed up the permitting or the Feasibility Study. Remember that Clan Lake grades are higher than Ormsby and Nicholas Lake. It shouldn't take as much time there to quickly buildup Tyhee's total resources, and for possibly less the the $25 dollars per ounce it used to cost to discover gold on the other properties of the YGP.

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