YTC ytc resources limited

construction to start october 2011

  1. 1,239 Posts.
    See page no. 18 of this new presentation:
    http://www.ytcresources.com/public/documents/4/1/228%20presentation%20NSW%20Mineral%20Exploration%20&%20Investment%20Conference%20Sydney.pdf

    Decline construction to start in october 2011 !!

    2 months from now we won't be an explorer any more but a soon-to-be producer
    - first production Dec 2012 ! (ibid)


    BFS must be kicking ass - well, how could it not with current gold prices? A forward sale of just 50% the first two years of gold production at current prices will go a long way towards financing construction of the mine and plant ... (and leave some money to buy put options on gold for an additional chunk, just to play safe).
 
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