Greg Taylor "quoted" on Yahoo Finance
posted on
Dec 31, 2012 05:43PM
Permits and planning by t_snacey . Dec 17, 2012 5:28 PM . Permalink................................................................................................................. I called Greg Taylor of Tyhee investor relations trying to decide if I should declare our loss this year or wait a little longer. He said it would take 15 million dollars and two more years to get through permitting and planning. I was also told that, "The current price reflects the market's concern that this first level of financing was in doubt." He also said that assuming this was sucessful, that the 190-200 million more it would take to actually start mining would be the easy part. He compared it to, "sruggling to raise a down payment for a home being harder than to get a mortgage." We discussed how many weeks a year the winter road would be available to move heavy machinery across the ice to the mine site. Now for the good news. He told me that the major stock holder, about 40% of shares, would not readily let this project die. I felt it was a good honest conversation and not much sales pitch.