I don't think your projections are taking into account the rising costs for miners. The price of oil can usually be used as a weak proxy for general costs; so what we want, ideally, is to see the price of gold outpace the price of oil ...unfortunately, as you'll know, oil has been rising along with gold recently. However, one would hope that strong gold prices alone would still raise the profile of the sector, and perhaps increase some multiples too.

True, debt may be the only way to finance the mine, given the low share price. However, the downside of debt financing is that the bankers will make you sell forward a large chunk of your production, thereby reducing your exposure to future gold price increases. Ideally it would be great(perhaps even a necessity) to see Tyhee's share price rise some before financing, even into the 50 cent range ...it would give them more options. ...and, as you know, there is no faster way to raise the share price than having good drill results.