I have also struggled with the question. It is a fact that the share price has gone down, yet resources have gone up. Moving forward in the permit process has been the focus of this company, with not a lot of cash available for exploration.

SO while the share price has fallend due to short-term expectations of the market, the explosive sales done by one large investor, and perhaps the current fears some have that gold has topped out for a while, none of this has to do with the true valu of TDC.

The company has quiety moved along towards a permit. A permit to mine gold in the safest and most secure investment jurisdiction - CANADA. In the context of perhaps a more restrictive and bureactratic locale, NWT. But they have made great progress, and will soon submit a DAR which amounts to final stages in the permit application process.

At the same time, recent drilling results prove that DW's strategy of where he believes (from intimacy with Yellowknife geology and his theory about where to find the gold) is proving on the money. Big time. The Clan Lake, while not yet in the permit process for the initial mine, is close enough to haul ore. Extending mine life that his currently very low-ball at 7 years.

The presence of silver is new for the area, and it could be true that the clan lake deposit may warrant a different processing method than that of the initial mine at Ormsby. It may well be that once the mammoth deposit at Clan Lake (my hope) is properly proven by drilling hundreds of holes over the next few years, it may be a silver-gold mine with a mill at Clan Lake.

But the real game changer here is in the next 12 to 18 months, with production truly on the horizon. how do you quanitify that progress? Dillution? Only if you don't buy more shares at this low price to keep in balance.

And from what we see of the Kiyakker share count, we are mostly buying up and staying on top of this.

Overall, I find that Tyhee is undervalue more at 15 cents with this number of shares more than it was 2 years ago at 50 cents, that's for sure. Violent correction must happen at some point in the next year, I believe.

And I am personally much more confident in Tyhee than I was 12 months ago. It's tough out there, and DW is doing a great job keeping Tyhee on track for going into production in the right timeframe for me as an investor.

I just have to keep my temporal expectations in line with the reality of how difficult it is to move from exploration through devleopment and into production in Canada.

On a less related note, the media is really focussing on Retirment planning. Having a pension plan at my day job (government) is my back-stop. But more and more, I see the money I am risking at Tyhee to be the difference between a modest retirement and a very comfortable retirement. Yet none of the financial advisors on TV talk about putting say 5% or 10% of one's retirement portfolio into junior exploration companies. We can all afford a little risk, after all.

So where is the risk trade these days? Still in bonds? CRAZY!

SKELEG