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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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The PF Should Show Lower Costs Than Was Estimated $384/oz In The PA .

posted on Nov 04, 09 01:15PM

Mises,

Tyhee has stated that it intends to deliver its Pre-Feasibility Study (PF) in "early 2010".

Since Tyhee now has more gold resources, together with lower energy costs and higher gold prices, Dave Webb believes the economics of the PF will show costs to be significantly lower than the $384/gold ounce that was estimated in its Preliminary Assessment Study (PA) of 2007. And, that Tyhee's mine life and production of ounces per year will be significantly greater than previously calculated.

Webb also believes that doing a Feasibility Study will not be necessary for Tyhee to get the financing it needs to go into production.

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