Remember, that options and warrants will add money into the treasury so it's not just pure "wasted" dilution. I don't know what the average price is for the warrants + options.

But even with 810K P+P and 343.6MM shares, Tyhee is still valued at 65 cents pre-construction.

Since we went from $1650 -> $1700 gold.

http://screencast.com/t/XWgK6evzP

Sick.

Absolutely Bob. There's a very real chance we get over $2000 in the near term. Things are going to get wild.

Here's the real price of gold using realistic inflation numbers:

http://screencast.com/t/ZSY6PjbDFLmy

You can see we aint seen nothing yet.

These are the same calculations used by John Doody to evaluate what makes it into his top 10. He uses industry average values.

As for the Tyhee numbers I put into the model, these are all numbers I pulled out of the Pre-feas. The total diluted shares might be higher but you get an idea as to the ballpark range we can expect when we go into construction and eventual production of the mine.

The 1.5MM ounce figure is the middle value between the worst case scenario 850k oz and the current best case of 2.2MM.

Under the worse case scenario: 74 cents/share

http://screencast.com/t/Y8GlM6KL

I just saw this... I've always believed both projects are very similar. Both have about ~2MM ounces of gold too.

http://screencast.com/t/cj9uqIoDBe

I will look at it in more detail later.

My initial reaction is that Kimber's PA numbers look almost identical to Tyhee's.

Except Kimber's market cap is 3x that of Tyhee.

A tripling of Tyhee's price seems appropriate.