Topped up today. I recently had an opportunity to visit both Hera and Nymagee with the YTC CEO.
Firstly, a very, very impressive CEO. Secondly, Hera should be generating $$$ by end of 2012 against a modest debt/equity financed gold plant. Thirdly , significant cash flow from Hera will fund initial open cut Nymagee mine. Huge amount of activity on site including two deep diamond rigs.
The geology was the most exciting part of it. Cobar style mineralization promises a very significant high grade ore body going down a very significant depth. The Glencore CSA mine goes down about 2km.
Sold my OZL holding to fund YTC purchase.
I'm excited.
YTC Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
