TYHEE GOLD CORP

(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)

Free
Message: Yellowknife Gold Project Financing Slated for "early 2012"

I don't see how we can finance a mine at the current share price without either giving away the company (massive dilution), or giving away any upside in gold (massive forward selling). Therefore I think we should hold-off financing the mine until we have a better share price, which might happen as a part of a general rise in the Juniors . For the short term we should focus on drilling, if Webb can produce essay results that add ounces and build value ...which hasn't been happening lately at Clan, although some of the extensions to Ormsby were more positive. And if we can't add ounces at Clan, then we should try at Goodwin. In short, if a dollar in expenses does not create more than a dollar in value, then the expenditure is not constructive.

Share
New Message
Please login to post a reply