1910
in response to
by
posted on
Sep 05, 2011 11:30AM
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For those who follow techical patterns in gold, do you agree that there was a risk that a RH shoulder was forming. Once we break through 1910 again, this risk is completely obliterated. Not only that, but if I understand it righ, 1910 becomes very strong support.
For Tyhee, with a POG more like $2,000 or beyond for the Feasability Study and financing, the project economics are now absolutely phenomenal. The years "lost" in getting to permit now look like fortuitous timings. The higher POG means that the waste materials can go right through the mill and offset the cost of removaing them, even at a profit. tyhee will have several streams (at least 6) of ore at differing grades. They will be able to process a larger proportion of overburden from two pits when the POG is very high, process more of the open pit ore from two pits (the targeted materials) for a good grade, and they can blend in more of the underground gold at much higher grades when / if the POG gives back a little.
With six different valves on this money (gold) making machine, the longevity and flexibility of the YGP as a producing gold center will be astonishingly succesful. I said camp, not mine. Also, the increased recoveries at the better economics means that there will be considerably more gold produced than the Feasability Study will project, as the feas must be conservative in many regards.
We are sitting on a massive fortune in gold, with a lifetime far in excess of the 7 to 10 years currrently being projected. This success will draw others to the YGP, and they can offer all they like to JV with TDC to explore or develop other sites in the constellation of deposits and promising exploration properties.
This dominant position in the area is yet another reason Tyhee Gold Corp will have great success. Red lake, Val D'or, Yellowknife. those are some of the best gold producing regions in the world, in safe political areas amid a world increasingly in crisis.
Got Tyhee?
SKELLIG