Re: What Will Someone Pay Tyhee For Its 1.33 Million Gold Reserve Ounces?
in response to
by
posted on
Jun 28, 2016 08:26PM
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Just a reminder - Tyhee does not have 1.33 million gold ounces at present. The figure is probably around 800k-900k ozs at current gold prices (even less at the 3 month average). This is what the market is looking at and is therefore acting rationally by not doing a deal.
When 3 month average of gold price hits $1400, we might finally be able to fully value the 1.33 million gold ounces.
We are currently around $1220 on the 3 month average for gold price despite the spot price at $1300+. Still need much higher prices unfortuantely for Tyhee to see any value.