TYHEE GOLD CORP

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Message: Re: Two Emails
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Sep 25, 2010 04:40PM
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Sep 25, 2010 05:09PM
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Sep 25, 2010 07:16PM
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Sep 26, 2010 07:41PM
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Sep 26, 2010 08:55PM
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Sep 26, 2010 09:24PM

Sep 26, 2010 10:30PM

The post Two Emails could also have been tiggered by me. I´ve not been posting on the forum as I find there is too much noise here. Much of it is well-intentioned, but I see far too much speculation posing as fact. The old adage – less is more – may well be pertinent here.

I stopped listening to Jim Puplava early this year and find Kingworldnews a far superior substitute. I share JPs anxieties about the number of shares, but his actions (if it is him – still speculation!) are for his clients to make judgement on - whether he has breached any fiduciary duty, made a bad decision or to see if he is proved correct. Once again I emphasize this is, if he did what it is alleged he did. And about sending him a question, frankly, I wouldn´t bother, I can´t see what it will achieve.

On the question of Webb´s strategy I do have one query (like others as I just see). If you want to get something into production why do you have to prove as many oz as possible. Get into production and use the cash generated to expand. I would only prove up the maximum if I wanted to sell for the highest possible bid. Is this not logical? I´m sure the market is confused by this – he says he wants to start production but all we see is ever more drilling and dilution. The market does not believe in Webb at the moment, he may soon have to take an unwished for alternative - a reverse split or a JV, if he cannot produce a convincing road ahead, and by that I mean not for the Tyhee aficionados, but the market as a whole.

The assertion that Tyhee is not diluting as it is adding ounces per share is not relevant, the market´s perception is different. It sees a company with a low SP, regularly adding to its share count and not seeming to make progress. This incorrect perception must be changed. Changing the perception of the company is, in my view, critical to its future success.

After the PP is over the SP must rise to the mid/upper teens quickly, this may be difficult as I can see many people bailing out, unless there is a clear strategy. I may also do so.

On the subject of large share counts Tyhee is not alone. We all know about Romarco, but take a look at T.SAS - St Andrews 333 mil shares out with production soon to start. The company was also struggling badly a few years ago, but recovered. Tyhee can easily get into production with not so many more shares. A Sandstorm type financing would allow this.

http://www.sandstormresources.com

These type of companies and other financiers were at the trade conference in Denver last week in record numbers - they are desperate for good projects. They don´t, however, fund endless drilling.

Clearly I have not written this to make friends, but I hope it contributes to the discussion.

zykk

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Sep 27, 2010 09:27AM
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