In the article, Frank Holmes wrote, "Assuming the company continues down the path to development, its share price drifts sideways until around six months before the first ounce of gold is expected to be produced. At this point, the stock begins a strong new leg up when a more sophisticated set of shareholders come into the market."

So, if we assume Tyhee's first pour in the second quarter of 2014 at the latest, six months before that would put us at the end of the fourth quarter of 2013 or the beginning of the first quarter of 2014.

The downside may be that an additional share issuance may be at a lower price than we might like. The upside is that we have that much more time to build up our positions in Tyhee.

Old School