YTC 0.00% 23.0¢ ytc resources limited

"but will only act when the price is right (and we are on our...

  1. 1,239 Posts.
    "but will only act when the price is right (and we are on our knees). "

    But why would we be? We will get financing, buy put options for our gold (and maybe the copper, too) and go on to produce 50.000/100.000/???* ounce gold equivalent.

    [ * Federation? Cocu?]

    If the world econmy recovers, we will make a killin' with copper. If it goes down the drain, governments will inflate their way out of the crisis and gold will go bonkers. We will profit any way - put options will make sure of that.

    IMO, unless our management completely screws up Hera construction, we are pretty safe from any such plans, real or imagined ...

    P.S. As I said before, the off take agreement already gives Glencore most of what it wants from a mine: basic resources for its trading side. Why get your hands dirty when others already do the work for you?
 
watchlist Created with Sketch. Add YTC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.