Post Full Feas parameters
posted on
Sep 07, 2011 06:45PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Cast your mind to August, 2012.
US election enflames the talk of crisis and desperate measures. The US debt and poor prospects is constantly on the news, and Canada has passed a law requiring Cdn gold producers to sell to the Bank of Canada in a desperate bid to build gold reserves from 3 tonnes towards a stated goal of 500 tonnes by 2014. There is not sufficient gold production in Canada to meet this goal, and gold is extremely hard to buy abroad due to contries gobbling up all gold production. The paper price of gold is $3,000 per ounce, as long as you will accept paper gold. Physical gold is actually not available unless your country is a gold producer. Canada quietly takes steps to accelerate permits for gold mines.
Tyhee economics, 120,000 oz per year procuction with 1 million proven and 1.2 additional probable. EA process is complete and the documents have been sent to the Premier, who is expected to sign it within a month. Share price is $1.15, with 400 million shares outstanding. Company about to offer 100 million shares in equity financeing, remainder debt financing with no gold hedged. Production decision is expected to occur when permit in hand as soon as Oct. Tynee has negotiated prices on equipment and has hired some key personnel for construction of the mill and all other aspects of the mine at Ormsby.
Stock analysists starting to recommend tyhee, with Sprott having increased its stake to 15% of Tyhee.
From the Ful Feas (August, 2012), perhaps we see production costs of $900 per ounce, gold price (low) $1500, high $2500. Actual $3000.
Advance clock another month, permit in hand, financing in hand, decision made, crews on site drilling and blasting for foundatino of mill (pre-constructino activities).
Share price shoots to $2.50.
January 2013. Exreme cold (-35 for three weeks) allows ice road to go in early. This is good because GNWT and the lcoal utility have a lot of work to do setting power poles to bring power from Blue Fish Hydro plant to Tyhee, saving enormously on power...
Share price January 2013: $3.00
Construction starts March 2013. First pour April 2014.
Share price when construction starts, gold at $3500. TDG on TSX $5.00
First pour delayed till May 2014. POG $5,000 amid US re-issue gold-backed attempt at new US currency as international standard, although the current status is each country considers gold to be the true reserve, with their own dollars shored up by gold reserves (not for sale, but used for international banking transactions). TYHEE $11.00
Oh yeh, talk of war with china, just like in Gene Skellig's book Winter Kill.
All of the above only a fantasy, but who knows what could happen.