Re: Tyhee Has Gold Reserves of 1,334,000 Ounces With a 15 Year Mine Life
in response to
by
posted on
Aug 15, 2012 09:48AM
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Yes, the Reserves are much better than I expected, but interesting the Total Resource number has only increase by 100K or so, despite all the additional drilling. However, the really disappointing number to me is the NPV, the most important one ...at current gold prices it's only 375MM. I can't see how this project will get financed at current gold prices in the existing economic climate at anything better than give-away prices (if that). Unfortunately, this project now needs a real increase in the gold price ...I was hoping for better