Ann: Significant New Copper Intercept at Nymagee , page-10

re: Ann: Significant New Copper Intercept at ... On second thought: their valuation is nuts, since its assumes gold prices below $ 1400 from 2013 on and $ 1100 for 2015 (p5 table 3). As if they had never heard of hedging ...

Same problem with copper ...

Oh, and hammer is:
"For our DCF modelling we’ve simply assumed YTC raises this capital in FY2013 using 50% debt and 50% new equity (issued at $0.25)."
Our management is better than that. Not going to happen (fingers crossed).

Well, WAY more upside for us ...

P.S. Nice pieces on our other projects that tend to get left out in the usual discussions (p 16+). Of course the report doesn't put much $$ - value on them at the current stage, but this should change once Hera is up an providing cash flow for more drilling ...