Robin Bromby | September 21, 2009 Article from: The Australian.
(continued) But there are still some domestic gold stories of note. Hartleys' Andrew Muir has put a "buy" on YTC Resources. This company, controlled by Yunnan Tin, has acquired the Hera gold-base metals project southwest of Nyngan on NSW's Lachlan Fold Belt. YTC plans to start underground production in early 2011. YTC is trading around 25c this morning, and Muir has put a valuaton of 69c per share on the company. "We expect that as the company finalises the Hera (purchase), initiates exploration, completes the feasibility study, and commits to a decision to mine, YTC will be significantly re-rated as it makes the transition from an explorer to producer," the Hartleys report says. (continued)
