Tyhee Gold Corp.

TYHEE GOLD CORP (PRESS PROFILE TAB FOR FEATURED UPDATES)
in response to striketheroot2's message

"the last estimated breakeven gold price ($950)"

In the pre-feasibility study the "average operating cost" for extracting an ounce of gold was $541. I believe that's what you mean by breakeven price?

$950 was used in the pre-feas to calculate the Net Present Value (NPV). I don't think this was very well expressed in the news release:

"A positive Preliminary Feasibility Study (at US$950 per ounce gold) has been completed and applications to construct and operate a 3,000 tonne per day mine and mill complex have been submitted to regulatory authorities."

As I read this I did a double-take on the $950 as it seems like they are talking about cost per ounce. They should probably have made it clearer and put the $541 figure in there somewhere.

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qantwar
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02/12/2008
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Tyhee Gold Corp.
Symbol
TDC
Exchange
TSX-V
Shares
414.8m shares issued
Industry
Metals & Minerals
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