In my view the biggest problem we face as Tyhee shareholders is that the cash is running-out again so we have dwindling opportunities to report the type of drill results that can boost the share price. Consequently, another round of serious dilution is likely on the horizon, and probably a reverse split as well. I expect they still have enough money for the final round of drilling at Clan, plus a revised resource estimate (which will add oz's because there are many uncounted drill cores, but few with good grades), and maybe there is still enough funds left for a revised PFS. ...but after that it's back to the markets at 15 cents or so. Who knows, maybe the final round of drilling at Clan might yield something amazing, but so far it doesn't even look like they'll be able to prove-up the 600K oz of historical resource. The price of gold has certainly been a positive, but that must be measured against the rising price of oil (a proxy for mining costs), so I'm not sure exactly how that works-out in terms of margins. I'm sure it must be frustrating for Webb, according to my numbers (and those posted by many on this board) Tyhee deserves a better valuation based on Ormsby, if nothing else. ...but that doesn't matter if shares are readily available at current prices. It seems the vultures will soon start circling; I wonder what, if anything, Webb has planned to minimize the dilution, and turn this situation around.
