YTC ytc resources limited

announcement due?, page-3

  1. 1,239 Posts.
    http://hotcopper.com.au/announcementFiles/2013/YTC/35cfcc4b-0de3-4532-9ad7-89b969a42769-YTC623888.pdf

    Personally I think it's most likely to be about the CoCu and the Federation prospects. If drilling is successfull,

    - CoCu (350 m from Nymagee proper) will surely be part of Nymagee, but how to treat the cobalt: like copper (off take by Glencore) or like gold (to be produced by YTC on its own)

    - Federation is farther away (12 km) and could turn out big (better in-soil-gold results than Hera). Maybe big enough to be worth a stand alone plant, independent of Hera/Nymagee. So Glencore might want to sweeten the deal to make us commit the potential Federation ore to the agreement, too ...

 
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