I have always viewed TDC as a long-term speculation although there is an element of risk that the resources may not turn out to be what they were predicted or the cost of extraction may eat up all the revenues. On the other hand, there is a high probability that TDC will move forward with an operating mine in the next three years. Even if the anticipated numbers of ounces are not there at first, it is likely that they will be found during the mining process (history of mining in the area).

There seems to be a lot of disappointed shareholders who are expecting a "quick" fix. Life is not like that. We need to be patient. I hope that TDC is part of ones speculative portfolio and not the investment area. I do believe that it will morph into an investment IMHO.

Take comfort in the fact that we are coming to the end of the great experiment with paper money and the rise of derivatives. It will fail as "manipulation" of all markets has taken place and trust and confidence are about to take a major hit. The illusion that we as Americans have been sold since childhood is that we are "exceptional". If one truly believes this then the future will come as a complete shock to you. We are "exceptionally" naive.

We support and vote for the same politicians who have contempt for the average citizen while he/she concentrates on the next election cycle and his/her corporate sponsors. Remember the taxpayer is the collateral for all Federal Reserve Notes and Treasuries. Think about that for awhile! We are no more than slaves with a SSN. The debt ceiling debate was just a distraction to pit one group against the other. Divide and conquer!. We are truly exceptional not to see this!

Those who truly understand the concept of what is "money" are quietly switching their paper "trust and confidence" for Silver and Gold. Thus, we will see a much higher value placed on Gold than $1600USD. No one can accurately predict the future price as one does not know the degree of depreciation of the currency we are measuring Gold with. I can only say with confidence that it will be much higher than $1600USD at the time TDC completes the first pour.

The energy component of the mine expense will not rise as quickly percentage-wise as Gold. Demand destruction will keep it in check. At $6 per gal most of the residents in my state will drastically cut back their driving. Same goes for wages as global wage arbitration will limit those costs.

If all the ducks line up then TDC is truly undervalued. We will only know for sure after the mine is built and production increases annually.

In the interim, Silver is where the battle is if you think about the situation for awhile. It could be debated that Silver is more rare than Gold but it is "papered" over to conceal this fact. Just a point of view.

Woody