Baires,

No option 5) Tyhee gets financing to buy Sutter and uses profits to buy more mines and/or to start the Yellowknife project? For me, it's hard to imagine gold not tacking on a couple hundred more dollars per ounce this year. Not if, but rather, once that happens, I think those with capital with start coming out of the woodworks so as not to get left behind. It's a matter of being patient and waiting for the right pitch. Many of us here have waited a long time. We can wait this out.

Assuming only the four options you listed are on the table, some sober considerations need to be made. Query whether Tyhee's management has been constructed more for their operations acumen, and less for their financial engineering/M&A acumen. If so, then that could be a problem given that Tyhee can't afford to bring on management with less operations acumen and more financial engineering/M&A acumen.

Still hoping against hope for option 5),

Old School