Ann: Change of Director's Interest Notice - S, page-5

re: Ann: Change of Director's Interest No... New Hartley's research out.

EV $70mil (still $25mil cash)... So Hera worth $35 mil and Nymagee about the same (with Tin assets via Taronga chucked in for free?).

Valuation 76c, 12 month price target 87c.... Current price 40c

http://www.ytcresources.com/i/documents/5/11/Hartleys%20Research%20Note%20Jan%202012.pdf

Couple other tidbits worth reading, incl:

Follow-up exploration involving ground-based EM surveys has led to the
identification of a new EM conductor with diamond drilling of this anomaly
intersecting a 22m wide mineralised zone, with intervals of massive sulphides. The
mineralised zone contains visible copper, lead and zinc, with assays expected in
late January 2012. This new mineralised zone could provide additional copper
tonnes (and credits) for the future Nymagee operations. The intersected massive
sulphides correlate well with a 300m long EM conductor, which provides more
encouragement for further mineralisation. YTC expects to recommence drilling
within this area in early January 2012.

In these crappy markets companies with rock solid deposits with low capex and low opex (and yet still massive upside) I would think should come in vogue sooner or later so I continue to hold.