re: Ann: ANW: AusNiCo Secures a 19.99% Releva...
If NYMAGEE turns out to be a World Class mine on par with CSA then
1) There will not be any extra cash from Hera/Nymagee available for anything other than expansion of those projects for a long time.... in fact, they will require more money and more people.
2) The tin assets will not increase in value just sitting there ..... I assume that these tenements require a certain amount of expenditure every year as well.. it may not be a huge amount but it would still require resources in terms of personnel which again YTC does not have in excess right now from what I can see.
3) Perhaps "cleaning up" the company into more of a pure play in copper/gold makes it more attractive to larger investors....not sure if that is the strategy or not but I think early stage investors prefer to see focus on projects with clear paths to development/revenue generation rather than a smorgasbord of potential projects all requiring investment and resources.
All IMHO
YTC Price at posting:
23.5¢ Sentiment: None Disclosure: Held
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