Isaiah;

Thanks for the feedback, but according to my calculation, the total FS resource (which is mostly M&I) is about 2.2MM oz, versus about 2.1MM oz in the PFS. Therefore the drilling done in the last few years, which has mostly happened at Clan, hasn't added-up to much. Still Ormsby looks very viable, and is still open at depth. At current gold prices, the NPV for this project is somewhere in the vicinity of $425-$450MM (gross estimate, I haven't done the mathematical extrapolation for the current gold price), versus the current market cap of something like 30MM ...therefore on a numeric basis at least , I would say Tyhee is remarkedly cheap. The only major concerns I have now are (1) complexities having to do with the ice roads, (2) how much dilution will occur during financing, and (3) the potential for a ridiculously cheap buy-out offer at something like 15-20 cents.