Re: Upcoming Revised Resource Estimate in Tyhee´s Feasibility Study
in response to
by
posted on
Jul 15, 2012 05:52PM
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Thanks for that comparison Baires. Whether it's $12.27 per resource oz (2M M&I) or $8.18 per resource oz (3M M&I), either number is staggeringly low if the FS demonstrates strong prospect for profitability, especially with our apparently respectable percentage of reserve ounces. But starting with more resource extends mine life for the same startup costs, or conversely affords more annual profitability for the same mine life.
And to make an attempt at an unbiased analysis of current mgmt's relentless buying of company stock (absent a time machine to go back in time to delay my purchase of shares until current price levels were reached), that is almost always a good thing. I'd rather they be buying instead of selling, for sure.
Strike