"With the results today, YTC should move back onto investor radars. The odds are strong that YTC will define further economic mineralisation at Hera and Nymagee. Results from Nymagee North are intriguing as it would appear that YTC has intersected a new Cobar system.
Hera project permitting is also entering its final stages with the company expecting Part 3A approval shortly.
There are significant milestones and catalysts to move the current share price of $0.28, including outcome of advanced negotiations on project funding as well as drilling of new targets at Nymagee. In addition, drilling of new EM targets is underway at Hera.
With $15 million in cash at quarter end YTC is well funded to advance to milestones. Proactive Investors believes on its current resource and milestones that YTC should be valued at closer to $0.35-$40 and has been oversold."
Comment: 0,35-40 at current milestones ! I.e. way higher once we get the mining lease and reasonable financing. And even higher once we discover lots more gold, copper and silver ...
YTC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
