I listened to Jim Puplava's comments on the Q-call 2-3 times, and for me, it was unclear what he was trying to say regarding Tyhee. Puplava was not speaking completely coherently. However, one thought was clear--a company like Tyhee needs a sufficiently high share price to finance production in order to avoid overly diluting existing share holders.
In any case, I doubt Puplava is going to be overly upfront about what he thinks of Tyhee in a public forum.
So without better access to Puplava himself, trying to figure out his thinking on Tyhee based on the reporting on this board and a few of his remarks--and not well put together ones at that--boils down to considerable guesswork.