2 new media reports on ytc's homepage. Both worth a read.
“With their established mining and logistics infrastructure in the Cobar district, YTC believes Glencore shares the YTC vision for a large scale, long-life mining precinct around the Hera and Nymagee projects.”
"... in the words of Bell Potter's mining analyst, Trent Allen, who also has a doctor of philosophy in geology, "this is as good a deal as the company could hope for". "The mines – Hera (named after the Greek goddess) and Nymagee (also home to Banjo Patterson's Clancy of the Overflow) – are forecast to produce 115,000 ounces of gold equivalent in metals*, which at current prices, suggests a value of just under $190 million – not bad for a company with a market cap of about $80 million." http://www.ytcresources.com/i/documents/5/12/Brisbane%20Times%20Article%2028%20Nov%202012.PDF
*Comment: that's yearly production
YTC Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
