Re: Thank-you Mr. Briggs
in response to
by
posted on
Feb 13, 2012 04:53PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Baires2;
As you know, I've been a long-time Tyhee pessimist; not so much because of the properties, but rather because of management. For a variety of reasons (PE-PFS conflict, the declining stock price, the Puplava episode, plus some other stuff), I slowly lost confidence in the previous management team, despite their academic credentials and stated experience. ...and accordingly, I have disagreed with you on many occasions as well. However, I am beginning to think there is reason to hope these new guys might turn this "loser" project into a "winner" ..."IF" the gold price cooperates. I must once again disagree with some on this board, and say I like the ideas expressed in the newly released PR; a fresh look at the engineering is what we need, and appears is what we are getting. We should have over 1 mm coheasive oz in the FS at $,700+, plus blue sky at depth ...unless there is some nasty surprises like high arsenic levels, there should be some favourable economics in those rocks ...and from a geologic perspect the near surface footprint much bigger than just Ormsby, once the Discovery Mine and Bruce Lake are taken into account. In other words, it's a much larger system which might produce some pleasant surprises at depth. I just wish we had more cash in the bank or a better stock price to minimize the inevitable dilution.