cobar still shines

Cobar still shines with mines that go the distance for investors

by: Robin Bromby
From: The Australian January 17, 2012 12:00AM

ONE of the attractions of exploring around Cobar is that discoveries tend to lead to mines with long lives.

[...]

YTC plans to run a combined operation with the Hera gold and base metal deposit (underground) and the Nymagee copper project (open pit). Just before Christmas, we saw the initial Nymagee resource of 96,000 tonnes of copper, 27,000 tonnes of lead, 53,000 tonnes of zinc and 2.2 million ounces of silver.

Mike Millikan at Hartleys sent out a note maintaining his "buy" on the stock during the week, putting a 76c-a-share valuation on the company. YTC shares closed on Friday at 45c.

[...]

Golden future

JUST in case you've lost your nerve regarding gold or missed the news, Chinese buyers imported 102.8 tonnes of the metal through Hong Kong in one month.

November was a big jump on October when 86.3 tonnes went over the border, making November the fifth successive month of rising gold imports, totalling 389 tonnes for the first 11 months of last year.

[...]

http://www.theaustralian.com.au/business/opinion/cobar-still-shines-with-mines-that-go-the-distance-for-investors/story-e6frg9ex-1226245859580

Comment: well, at least the experts seem to like YTC ...