From the brokers reportOur development scenario suggests Hera...

From the brokers report

Our development scenario suggests Hera could produce around
50kozpa of gold over a six year period with cash costs averaging US$350/oz. We are initiating coverage on YTC with a BUY recommendation and set a price target of $0.60/share. The acquisition of the Hera project has transformed the company and we believe the potential of the project has not yet been factored in to YTC’s share
price. YTC has raised $22.6M through sophisticated investors to complete the Hera acquisition and fund the feasibility study.

Exploration upside – Our development scenario assumes only the Main Lens at Hera is mined. Previous drilling has defined 15 mineralised lenses and we believe there is significant upside potential to our estimates should additional lenses be proved up. The Hera deposit also remains open at depth and along strike.

The full read is available from the YTC website at

http://ytcresources.com/public/documents/4/11/YTC_INITIATING_COVERAGE_090831.pdf