Re: Tyhee continues to tread water, Letifly?
in response to
by
posted on
Sep 14, 2010 08:09AM
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Letitfly,
You raise excellent points, excellent questions. The same things that often run through my mind.
When I said that, "We're on our way." I meant it. To the extent that Tyhee's now on the "map" ( albeit 22 days late), for having delivered positive economics in its Pre-Feas. Study. And, as, when reading between the lines, Tyhee is suggesting that the recent discoveries around Clan's Main Zone may suggest a continuous super deposit that may eventually significantly increase supply to a central mill to be primarily used for the Ormsby and Nick Lake mines. Webb continues to adhere to the scheduled DAR by year end. And, in Tyhee's last NR it's mentioned that the Clan drill program will be delivered this month, September ( ok, I'll give Webb a 22 day wiggle room for any unexpected delays, i.e., by October 22nd.).
So I know this seems to be a 'ol story for us Tyhee share holders:
The company's got good stuff and it's got not so good chronic undervaluation. Well, not exactly. There was that frothiness in November 2007 when TDC took off to over 80 cents. That, at a time when Tyhee was far less progressed than it is now.
So, if as the price of gold increases, and more money flows into this sector, as I suspect it will, and with more M&A taking place, we should see Tyhee's fundamental rewarded in a way that Webb has described, with tongue-in-cheek, will be an undervaluation, but at a much higher level.
On our way...yes, for sure.
Baires