YTC 0.00% 23.0¢ ytc resources limited

Yeah, saw that Hartley's upgrade.. Made me laugh. Seems the...

  1. 1,208 Posts.
    Yeah, saw that Hartley's upgrade.. Made me laugh. Seems the upgrade in target price was mainly because YTC has already exceeded their previous one. Their proviso was it was excluding any future drilling success, which one could reasonably expect I would think so we will see. I notice they've valued Hera and Nymagee at 90mil combined, which is interesting - I'll take any broker valuations with a grain of salt until I see maiden JORC for Nymagee and updated JORC for Hera.

    Yesterday's announcement advising that YTC think Nymagee mineralisation could extend up to 300m SE as well as 500m N (based on EM highs which have accurately shown actual mineralisation) is very good news indeed -

    Looking at some of the Nymagee charts to scale, looks like the current mineralisation is about 300m (though very deep and getting deeper), so upside is still at multiples of what they've drilled so far (keeping in mind their lack of dry holes).


    Back to waiting for Hera news...
 
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