YTC 0.00% 23.0¢ ytc resources limited

Perhaps that was Hartley's maiden valuation actually...Thought...

  1. 1,208 Posts.
    Perhaps that was Hartley's maiden valuation actually...Thought they had 60c previously but can't find reference to it. Anyhow, just having another read of their valuation they do actually give 24c for exploration..

    There's also a few more useful tidbits in there:


    YTC has also intersected another low grade disseminated zone adjacent to the
    Royal lode; however, at this stage the drilling has not intersected any massive
    sulphides. Given the presence of the disseminated zones above the Royal and
    Club House lodes, we expect the potential for this disseminated zone to become a
    fourth lens to be relatively high.



    Drilling at the project is ongoing with infill holes to allow the generation of an initial
    JORC compliant resource for the Nymagee Main lode. We understand that this
    resource is due in April 2011.
    We understand that the resource is unlikely to
    incorporate the Royal and Club House lodes due to insufficient drill intercepts. We
    expect the Royal and Club House lodes to be included in further resource
    upgrades towards the end of CY2011.


    We have ascribed a relatively high exploration value of $50m, mainly due to the
    potential that the new lodes at Nymagee represent, which our valuation doesn?t
    effectively capture.
    [Also excludes new zones id'd by EM I'd imagine]

 
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