Re: Clear the decks and rethink the business plan - my plan is set forth below
posted on
Aug 07, 2010 03:05PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I get your point.
So lets have some fun with that. Suppose TYHEE went into an agreement to fully finance the mine (218 million over 7.5 years). Using the same percentages that Timmons had the entire cost and payback over time would be roughly 350 million (probably more, maybe 400 million, due to the extended time). If we had to pay that over 7 or 8 years that would be roughly 40,000 ounces per year (at current gold price) leaving us about 60,000 ounces. Based on current outstanding shares we should be over a $2 stock sometime within the 8 years. Of course this is crude math and doesn't take into consideration other properties, future drilling etc etc......