Re: El Kabong, What? Jim Puplava's Harsh?
posted on
Sep 16, 2010 11:19AM
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El Kabong,
You said, "As far as [Puplava]"devaluing" the Management, I don't really interpret that as harshly as you do.''
Here is the transcription of what JP actually said on the Q-Line in June.
"I think a lot of it depends [JP's referring to the potential success of a Canadian gold junior that plans to go into production in three years, Tyhee?] on whether they have the management depth to bring it into production. A lot of people say they have management depth, and it doesn't appear when you look at their track record and delivering on things that they say they are going to do." Jim Puplava, FSN Q-line, June 2010
This opinion of Jim's, although not mentioning Tyhee by name, seems like it is indeed Tyhee. Since I know of no other junior that fits that description, and in addition, those JP sentiments are consistent with what he has expressed to me about Tyhee in private emails in June this year.
Unlike you, I hear JP's words as especially HARSH.
As Jim has, up to that point, been a keen supporter of Tyhee's management team. Moreover, for him to say that they lack the depth to go into production is absurd. Regarding share dilution, I think we all know the pain of the necessary evil to progress an explorer/developer as it finances its programs that bring it into production. Just be glad we're not speaking of Romarco Minerals with over a half Billion shares.
Now, please let me refresh your memory of what a management mine building team with "depth" looks like:
Tyhee's Board of Directors and management combined, have had major roles in bringing over a DOZEN mines into production:
Roger Sylvestre was a director of, and Dave Webb a consultant to (and later president) Mongolia Gold when they built the Bumbat Mine in Mongolia. (Unfortunately, the government expropriated the production and took over the mine).
Dave Webb owned the small Mon Mine, and operated during construction in the NWT (privately).
Dave also wrote the qualifying report for Fortune Minerals Limited for their acquisition of the Nico Project in the NWT (an advanced stage IOCG project [post feasibility] at the permitting stage.) This was the first report to recognize the bulk-mineable potential of the property.
Lorne Anderson was CFO of Glamis Gold when they built the Glamis Mine, Rand mine and acquired and expanded the Marigold and Pinsent Mines
Bill Burton was a senior engineer, engineering manager, mine manager, manager of mining, of Echo Bay Mines when they built:
Contact Lake Mine (Port Radium)
Lupin Mine
McCoy Mine
Cove Mine
Kettle River
Round Mountain
Or significantly expanded the Alaska Juneau Mine
Bill also was (and is) COO of Western Canadian Coal when they built the three mines of the Wolverine Project
Hugh Wilson and Denis Taschuk were part of Echo Bay Mines.
Doug Levesque and Rod McKay were involved and managed the Seabee and developed the Santoy Mines for Claude
Cheers,
Baires