question regarding bod, page-2

"Why does a $40 million mkt cap company have 8 Directors??????"

Because our ownership structure is complicated (YTG <=> Glencore <=> Australians) and the board reflects this ? (btw, our market cap is a bad joke ...)


Anyways, according to this
http://www.ytcresources.com/public/documents/5/9/1216822.pdf
we are paying 175.ooo AU$ cahs to all our directors / quarter.

Don't think the (majority of the) non-executive directors (i.e. the guys from Yunnan Tin and Glencore) are getting any real payments / stock options, since they are on the board as representatives of their companies and get paid by them. Maybe a small allowance to cover costs for travelling etc.

Then consider that all outstanding options are priced at 35-45 cents (no. 7.7 of the quarterly cash report linked above).

Finally there are some performance rights (no 7.12), where we don't know any details, but I'd guess they also require a higher SP to be worth their while ...


Looks all pretty reasonable to me.

So I'll rather think about other questions ... (e.g. when will we drill CoCu and Zeus? Could we sell + truck the shallow copper ore (the open pit part of Nymagee) to Glencore for treatment at their CSA plant? where do I get more cash from to load up down here?)