YML - Yilgarn Mining

[yogi-in-oz]

Hi folks,

YML ..... cashed up gold and nickel miner.

Expecting some positive news from this one,
as time cycles come into play, on:

02052006 ..... significant and positive news.

24052006 ..... significant cycle ... finances???

..... YMLO options exist, as well .....

happy days

yogi

 

[Ken]

this one will catch everyone by suprise i believe. very few announcements.

its got a piece of plumridge which prospects for titanium-rich minerals similar to the Eucla basin project, that lifted Iluka Resources..

not a bad one long term, if you got the paitence.

Manager David Burt has a solid track record.

 

[YOUNG_TRADER]

Here is what I reckon will be the next JMS

This is not a buy recommendation, all I can say is what I saw with JMS I see hear with YML except I honestly believe management are better at YML, projects are better at YML and Cash in Bank situation is obviously better at YML


YML

Yilgarn Mining

Shares: 60m + 20m 25c 30/6/07 opies

@ 18c Fully Dilluted Mkt Cap = $10m

Has $4.5m in the Bank so no need for funds anytime soon

So your paying $6m for the following projects

Projects

1. Rose Dam
Used this Gold project to generate $6.6m in cash, good cash cow and shows management knows how to get a project going


2. Irwin Hills
JV 40% YML 60% MRE, JORC 20Mt@ 1%Ni (Nickel) + 0.12%Co (Colbat)

High levels of Chloride so having trouble getting MRE to agrre to Toll Treatment at its Murrin-Murrin Plant, although its Laterite Nickel its not that bad as MRE is the Laterite King!

If they can get this Toll Treatement going it will be a real big cash cow!


3. Carr-Boyd
YML earning 51% from TIR (Now part of CSM Cons-Min) can earn up to 90%

JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable!

Using an EV of $5 lb Nickel and $2 lb Cu this first pass JORC gives the deposit an In Ground Value of over $150m


4. Marillana
This project is the SPEC KILLER!

Its an Iron Ore tennement 2kms west of the Brockman Deposit (225Mt@ 60% Fe)

Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 500m - 750m and thickness of the Iron Ore is 60m

But Hamersley walked away from it 20years ago becasue the deposit is not at surface

Its covered by 50m of top soil which is bad, but given current Iron Ore prices and the Sheer location of the deposit!

Have a look at the presentations its surrounded by BHP, RIO, FMG and Hancock Mining!

Now this is Elephant Ground


This will be JMS all over again

First Pass drilling has been completed at Marillana so assays should be out soon!

These drill assays need only confirm the grades achieved by Hamersley (58%-62%Fe) and we should have a JORC soon, although it will only cover 1km of the 10km strike


Summary: Tiny mkt cap, off the radar of the mkt, good long term Nickel Projects with good JV partners MRE and CSM, Huge Spec appeal from Iron Ore Grounds


Enjoy!

 

[greggy]

Here is what I reckon will be the next JMS

This is not a buy recommendation, all I can say is what I saw with JMS I see hear with YML except I honestly believe management are better at YML, projects are better at YML and Cash in Bank situation is obviously better at YML


YML

Yilgarn Mining

Shares: 60m + 20m 25c 30/6/07 opies

@ 18c Fully Dilluted Mkt Cap = $10m

Has $4.5m in the Bank so no need for funds anytime soon

So your paying $6m for the following projects

Projects

1. Rose Dam
Used this Gold project to generate $6.6m in cash, good cash cow and shows management knows how to get a project going


2. Irwin Hills
JV 40% YML 60% MRE, JORC 20Mt@ 1%Ni (Nickel) + 0.12%Co (Colbat)

High levels of Chloride so having trouble getting MRE to agrre to Toll Treatment at its Murrin-Murrin Plant, although its Laterite Nickel its not that bad as MRE is the Laterite King!

If they can get this Toll Treatement going it will be a real big cash cow!


3. Carr-Boyd
YML earning 51% from TIR (Now part of CSM Cons-Min) can earn up to 90%

JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable!

Using an EV of $5 lb Nickel and $2 lb Cu this first pass JORC gives the deposit an In Ground Value of over $150m


4. Marillana
This project is the SPEC KILLER!

Its an Iron Ore tennement 2kms west of the Brockman Deposit (225Mt@ 60% Fe)

Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 500m - 750m and thickness of the Iron Ore is 60m

But Hamersley walked away from it 20years ago becasue the deposit is not at surface

Its covered by 50m of top soil which is bad, but given current Iron Ore prices and the Sheer location of the deposit!

Have a look at the presentations its surrounded by BHP, RIO, FMG and Hancock Mining!

Now this is Elephant Ground


This will be JMS all over again

First Pass drilling has been completed at Marillana so assays should be out soon!

These drill assays need only confirm the grades achieved by Hamersley (58%-62%Fe) and we should have a JORC soon, although it will only cover 1km of the 10km strike


Summary: Tiny mkt cap, off the radar of the mkt, good long term Nickel Projects with good JV partners MRE and CSM, Huge Spec appeal from Iron Ore Grounds


Enjoy!

YML looks interesting. I'll take a closer look at it.
Thanks.

 

[Sean K]

Marillana[/B][/U]
This project is the SPEC KILLER!

Its an Iron Ore tennement 2kms west of the Brockman Deposit (225Mt@ 60% Fe)

Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 500m - 750m and thickness of the Iron Ore is 60m

But Hamersley walked away from it 20years ago becasue the deposit is not at surface.

Its covered by 50m of top soil which is bad, but given current Iron Ore prices and the Sheer location of the deposit!

Have a look at the presentations its surrounded by BHP, RIO, FMG and Hancock Mining!

Now this is Elephant Ground

This will be JMS all over again

First Pass drilling has been completed at Marillana so assays should be out soon!

These drill assays need only confirm the grades achieved by Hamersley (58%-62%Fe) and we should have a JORC soon, although it will only cover 1km of the 10km strike

Enjoy!

Looks great YT. Can't put a chart up as Bigcharts doesn't recognise it for some reason.

Really like the loc of this tennament. BHPs train drives straight through it, but I suppose FMGs proposed one will do as well. Perhaps BHP or FMG will farm into it when these guys need some cash, although that's unlikely for a while.

Cheers.

 

[YOUNG_TRADER]

Should add that from a tech point of view it appears to be in a channel with support at 13c and resistance at 18c

 

[greggy]

Should add that from a tech point of view it appears to be in a channel with support at 13c and resistance at 18c

Had a quick look. Found out that last financial year that YML made a solid profit from the Rose Dam Project, which to me means that they've got good management considering that the company hasn't been listed for long. YML has just over $4.5 million in cash. The iron ore project looks very promising. I'll keep this one on the watch list.
As always, DYOR.

 

[YOUNG_TRADER]

Had a quick look. Found out that last financial year that YML made a solid profit from the Rose Dam Project, which to me means that they've got good management considering that the company hasn't been listed for long. YML has just over $4.5 million in cash. The iron ore project looks very promising. I'll keep this one on the watch list.
As always, DYOR.

Yep

Also be interested for you to have a look at the Nickel projects and comments,

Other thoughts?

 

[Sean K]

Well, the stock was up 5% this afternoon.

The market should be looking forward to the recent drilling program.

This has so many projects. Any one of them could be a company maker.

Market cap $10m. Insane.

 

[greggy]

Yep

Also be interested for you to have a look at the Nickel projects and comments,

Other thoughts?

I didn't find the other projects to be that interesting for my liking. The iron ore project's potential is very good along with the company's management. Just the same, YML looks terribly UNDERVALUED. The options look like a good bet, but I havn't bought any of them yet.
AS always, DYOR.

 

[chops_a_must]

Yep

Also be interested for you to have a look at the Nickel projects and comments,

Other thoughts?

Is the nickel grade a little low? Or is that just in comparison to Kambalda deposits?

Does look interesting though.

 

[greggy]

Is the nickel grade a little low? Or is that just in comparison to Kambalda deposits?

Does look interesting though.

For my liking it is, but I'm thinking of buying it for the iron ore project. With plenty of cash and good management, it does look interesting considering it low market cap.
DYOR

 

[Sean K]

For my liking it is, but I'm thinking of buying it for the iron ore project. With plenty of cash and good management, it does look interesting considering it low market cap.
DYOR

Check out the map on their last presentation that shows their tennament surrounded by BHP, RIO, FMG. They are surrounded!!!! No escape. Surely it's not the only piece of turf there that does not hold considerable fe.

 

[greggy]

Check out the map on their last presentation that shows their tennament surrounded by BHP, RIO, FMG. They are surrounded!!!! No escape. Surely it's not the only piece of turf there that does not hold considerable fe.

Hi Kennas,

Interesting map and interesting stock.

Thanks.

 

[chops_a_must]

Should add that from a tech point of view it appears to be in a channel with support at 13c and resistance at 18c

With a quick look at that chart, if it did break through 18c, would you expect that to become long term support?

 

[Ken]

i have been following it since the write up in share trader magazine i bought.

IT was featured next to IOH.

the general theme of it was YML is a quiet acheiver with very little announcements, and the boss was a genious basically.

so yeah.

was recommended 12 months ago.

not the worst place to park $2000.

not holding... yet.....

market dept looks good for hodlers, sellers will flock once it hits arond 22 cents. remember 19 cents was resistance not long ago.

 

[Dave31]

Whats with all the previous trading halts followed by a massive drop in share price?

 

[dj_420]

chart is bit choppy but looking really good. recently tightening trading followed by small breakout, breaking through short term resistance at 16 cents, possibly to higher trading channel.

the recent breakout has shown some new support at previous resistance levels. so downside i see 16 cents support level and resistance at 18.5 cents.

this stock has some incredible projects and has until now flown under the radar at 10 million market cap. crazy for the potential that these tenements have. the iron ore exp looks great as well as potential for open pit nickel mine.

see what these new assays bring back.

 

[YOUNG_TRADER]

Is the nickel grade a little low? Or is that just in comparison to Kambalda deposits?

Does look interesting though.

Guys remember one thing if the Nickel Grade at Irwin Hills wasn't that low YML would be $100m+ not $10m

Overall Grade at Irwin Hills is probable 1.5%NI Equiv given Colbat Credits which is high

At Carr-Boyd it either 2%Ni Equiv given Copper Credits or say 7%Cu Equiv given Nickel Credits,

With Ni at $15lb US + grades of even 0.5%Ni would be economic, at long term price of $5 US/lb Ni A GRADE OF 1.5%+ is certainly economic

As for Marrilliana we know the Iron Ores there, Hamersley did all the work, the key is that given current Iron Ore Prices is it profitable to get rid of that top soil and DSO the Ore?

I'm betting yes for 1 reason, the proximity of existing infrastructure

 

[dj_420]

market starting to wake up to this one yt

more buy bids increasing, i bought in based on fundamentals. they have some excellent exp tenements, the assays will be here soon.

im waiting for someone to sell me some options cheap for this one.

given the grounds im suprised this one hasnt already run.

technically is looks good, although very thinly traded you just have to look at JMS to realise what can happen. JMS was very thinly traded up until month or so ago.