YTC 0.00% 23.0¢ ytc resources limited

The decline? With cash on hand, I'd think.The mine as such? Wait...

  1. 1,239 Posts.
    The decline? With cash on hand, I'd think.

    The mine as such? Wait for the DFS - due within 2 weeks.

    "I ask because there will be dilution"
    Given current trends of the price of gold, chances are that most Hera capex costs can be covered by a forward sale of part of the future gold production at very attractive levels ... (operating costs should be around $650 / ounce, so hedging at $1850 would leave a profit of $1200 per ounce ...) + maybe a loan, combined with put options on gold ... I don't see any need for diluting future profits from Nymagee that will turn out to be huge, imO ...
 
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