Re: Happygolfer: How to value a junior?
in response to
by
posted on
Feb 01, 2014 07:11PM
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Well, when you put it that way, i feel better already. By the way I am very impressed with the Santa Fe deal, really it may be one of the most under the radar and shrewd acquisitions in the junior space that we'll see. The Santa Fe deal provides a producing mine while we muddle through the permitting process in Yellowknife. If all goes well the YGP will come on line as the Santa Fe mines reach their peak production at which point we'll have something really to feel good about. If this in fact becomes a reality the full recognition of Tyhee's value will be realized and add to that other unknown M&A deals in the near future and I like our prospects very much with Tyhee.
Baires, thanks goes out to you for keeping the spirit of our site going through the dark times of the past few years. I check in pretty regularly and I enjoy all the information and discussion here. Here's to better times ahead.
p.s. the Santa Fe interview with Pierce Carson was notable for many reasons but one thing stuck with me. He said they have had to keep costs down out of necessity because of lack of working capital, so they know how to extract ore cheaply already. Keeping operating costs down will be important and as Jim sinclair points out, many of the big players in the mining space have spent lavishly in the past with little regard for shareholders.