YTC Resources - Ein schlafender Riese?

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Anbei der gerade eingetroffene Brief von Rimas Kairaitis, dem Director and Chief Executive Officer von YTC, den ich Euch kommentarlos reinstelle. Er hat alle meine vor wenigen Tagen gestellten Fragen und Sorgen (um den Kurs, die Verzögerung etc.) Abschnitt für Abschnitt zu beantworten versucht.

Dear M.,

Thank you very much for your shareholder inquiry.

YTC expects to complete its Hera Project DFS before the end of the September quarter.  We recognise this is a delay on the original timeline of June, however we incurred some short delays in the receipt of statutory approvals for drilling and in the processing of drill assay results.

I share your concern regarding the share price in recent weeks, this is despite the Company delivering a strong resource estimate for Hera and the continuing positive results from the DFS.

I believe that the YTC stock has also been caught in some short tern tax-loss selling related to the end of the Australian financial year on June 30.

Whilst the DFS is under completion, YTC is commencing a significant exploration drilling program around the Hera Project, which I believe can add significantly to the company’s share price and also feed into the DFS.  The key targets for this drilling program are:

· The Nymagee Copper Mine.  
This is an historic, high-grade copper mine located 4.5km to the north of Hera.  It has been very lightly tested and we believe it has huge potential to add further, copper-rich, resource tonnage to the Hera project, as well as the potential top of a major copper system similar to the giant CSA deposit, about 90k to the north.

· Hera North.  

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Gilt nicht pauschal, sondern
1) Nur Kohle- und Eisenerz-Minen sind betroffen (und auch nur, wenn diese in Australien produzieren)
2) Es trifft v. a. die Großen: "This will reduce the number of companies affected from 2,500 to 320."
3) Veränderter Schwellwert: "The threshold at which the tax will kick in has also been raised from 5% to 12%."

Australia's 30% Super Tax Targets Coal & Iron Ore Miners

July 2, 2010 - Australia's new Prime Minister has bowed to pressure from mining companies, striking a compromise deal to end a row which led to the downfall of her predecessor. Just over a week after Julia Gillard deposed Kevin Rudd, she announced that a 40% super tax on mining profits would be slashed to 30%. Only coal and iron ore companies will now be targeted. This will reduce the number of companies affected from 2,500 to 320. The threshold at which the tax will kick in has also been raised from 5% to 12%. It means that the tax will bring in $1.5 billion less than the government had originally wanted.

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