A couple of years ago, I put out that Romarco could be a good buy and was analagous to Tyhee. My first look at it back then it was going form 15 cents to 45 cents.

Now I have a new one for comparison, forget about Romarco.

Here is a Vancouver based company moving towards production. It's in a less stable (than canada) but also less complex regulatory area (Guyana). They have an M&I resource of over 5.7 million ounces, cutoff grade 0.40 g/t. Open pit (six pits) plus underground. Currently working through Feasability Study and anticipating permit.

I doubt some of their data, and these are not RESERVES, so it looks a bit overstated to me. but many of the considerations we are watching with Tyhee are also in play here. So why do they have $50 million in cash, only 80 million shares, and a mcap of $750 million? I think because once you get this close to building a mine and going into production, you become valued much better. However, I personally think there is so much overstating going on here that it will take far longer than they are saying. It may never actually go into production, for all I know.

May be some fodder here for compare and contrast re Tyhee Gold Corp.

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20111005&archive=cnw&slug=C7991

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110909&archive=cnw&slug=C9778

SKELLIG