..it's instructive to review the facts.
Here is a link to the GoldMinerPulse report on Tyhee.
http://www.goldminerpulse.com/c/tdc.php
It looks like it has not been updated to reflect the results of the PFS, however it does lay out all the data in one place that may be helpful to revisit.
The numbers are all there.....the Metal Value per Share is in the $10 range. No one can dispute the numbers. The company is grossly undervalued, but you can say that about every junior I own. Some say that GLD (and similar) ETFs have killed the leverage offered by gold equities, and juniors in particular. I believe that is part of the equation, but the other part may be the growing number of startup gold exploration companies. There are more names out there competing for attention from the investing community.
Also, investor risk can be mitigated by focussing on companies that are close to production, or already in small-scale production with the potential for more discoveries within their property portfolios. The upside can still be substantial with these, and the difficult steps of going through PFS, FS, DAR, permitting, etc are already done. Tyhee has no chance to generate revenue for several years, and with so many other juniors sitting on reserves, with permits in hand, it is hard to get excited about Tyhee. Would you rather own a company that has some drill results, a PFS and hopes, or one that has a mill in place and running, maybe without that big of a resource, BUT is generating revenue?
I have previously posted a link to John Doody's timeline of a gold company that shows what to expect the SP to do as all the milestones are passed. Tyhee is following the graph as expected, but the market has punished stocks that have not been able to "move the ball forward" in a timely way, and as we know Tyhee has had delays. Confidence in mgt wanes when this happens. The perception is left that something is not quite right. Mr. Webb has been unable to both garner attention for Tyhee from the investment community, or to provide enough progress/results to keep any momentum going/instill confidence in new investors. (Even Mr. Puplava may be disgruntled apparently).
No doubt, we are all mulling the possibility of selling our positions and moving on to greener pastures. If your time horizon for getting to production/bought out (making some money on this stock) is short, it may be best to get out now. That is for each individual to decide for him/herself.
I will be hanging on in the hopes that Mr. Webb finds a JV partner, or sells out for at least what my avg cost is.
If I take a loss eventually, I can only blame myself for listening to Jim Puplava. I know I am not alone in this regard.
As a final thought, it would be interesting to know what percentage of Tyhee's investors became so via Jim Puplava. Maybe Baires can start a poll/question for that.
MMD21
