As much as I think DW will take Tyhee all the way into production, I imagine that the BOD would not bring a deal to a vote unless it was above the cost average for half of the shares, plus at least 30%. We need someone like Kiyakker to calculate this, but suppose that the average cost of Tyhee shares was around 30 cents, then a takeout ought not occur at anything lower than 40 cents. Just enough to satisfy bob.

However, once our share price begins to rise, it will soon take out the 30 cent level, and begin to rise at an accelerating pace. What makes Tyhee less risky and more attractive (permit stage, financing, imminent Ful Feas), makes it suddenly in demand. That's when we see a Romarcable rise in share price, through the dollar level and into that half-billion starting point.

Once there, there would be no need for a buyout or JV, howeer a JV with a large producer would likely be very beneficial over the near term.

We have a lot to look forward to for 2012.

SKELLIG