YTC 0.00% 23.0¢ ytc resources limited

argonaut site visit

  1. 1,239 Posts.
    Site visit report now up on YTC's homepage:
    http://www.ytcresources.com/public/documents/4/11/110713%20YTC%20Resources%20(YTC)%20-%20Site%20Visit.pdf

    Sounds really good. DFS due for Hera within 4 weeks.
    The only drawback: the basis for their calculation is long time (10y) prices of
    - US$ 1000 for gold and
    - US$ 2,5 for copper.
    Both are ridiculously conservative, given that current spot prices a are getting close to 1600 U$ for gold and US$ 4,5 for copper ...
    So if you believe in US$ 2000 for gold and US$ 5 for copper long term, you can just double their Au$ 0,76 valuation ... and even then there is still upside with more discoveries esp at Nymagee possible ...
 
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