Soon enough the drill crew will take Xmas break. Then it gets very gold in YK. They will be very mobile. Those self-propelled drill rigs can go out over the frozen lakes and drill carefully chosen sites. Tyhee can get data for a resource expansion for the DAR next year, as well as explore Clan Lake new zones for potential upside. But all of that is a side show for me. Now having $7 million in hand and another $3 million or so to come in when the share price stabilizes over 20 cents, Tyhee can settle down and focus on getting the job done on the EA process.

I always thought the DAR submission would slip to the right by a quarter or two, so I have been working on my own timing. If I am lucky, the share price will only gradually move up over the next year, so I can gratly increase my holding by this time next year. But my luck is really bad. So more likely the share price will go up before I'm all in.

But lets look forward to summer / fall 2011 as a very key decision time. They'll get the Full Feas started at some point, once more resources / reserves can be incorporated. So the key here is some drill results over the next six months. I think GNWT response to DAR will be very positive, and if TDC has that in hand around June, and drill results, then getting on with the full feas and ramping up the PR in late 2011 would make sense to me. Then, with a full feas in hand and real progress on the EA process, share price will be much higher. Financing a mine with all of those benchmarks in hand, with say at least a million ounces of reserves and 3 million resource, positive signals from GNWT, and a price of gold over $1500.

We coudl finally be seeing Tyhee come of age.

In the mean time, things will be very quiet heren (I hope). See you all next year!

It sure does take time to bring a gold mine on line in NWT... But with the financial crisis continueing in Europe and US banks, we can be assured that they'll keep the money printing presses going full tilt. We owners of gold in the ground, with Tyhee, have something that can't be counterfitted or devalued. Robotrader be dhammed.

SKELEG