YML - Yilgarn Mining
- Thread starter yogi-in-oz
- Start date
-
- Tags
- yilgarn mining yml
- Joined
- 19 March 2006
- Posts
- 598
- Reactions
- 2
I haven't seen it posted but does anybody know whether its a magnetite or hematite iron ore deposit....I'm imagining its magnetite, just wondering if anyone knew?
- Joined
- 13 November 2006
- Posts
- 701
- Reactions
- 0
Apparently the ore grades are only average in the scale of things and may only really be ore veins, I hope for everyone whos on this that I'm wrong. Guess we will find out after the hype of the next announcement dies down.
Still sticking to my prediction of a spike after the announcement then return to lower SP once the ann has been digested by the market.
Still sticking to my prediction of a spike after the announcement then return to lower SP once the ann has been digested by the market.
I'm no expert but got this info from a mining news article a few weeks back....
Magnetite is not easy stuff to get from here to there (with 'there' defined as China). It is low grade, unlike its ore-cousin haematite it must be processed, and that costs money. Even if Chinese customers say they love the stuff, there is little doubt that they actually love haematite more because over the full commodity price cycle, haematite is the cheaper feedstock for their blast furnaces.
There is an argument that magnetite is the ore of the future because there's so much of the stuff, and precious little high-grade haematite left. On that score, magnetite is a winner – in the same way that laterite nickel was a winner in the great laterite year of 1997.
Magnetite is not easy stuff to get from here to there (with 'there' defined as China). It is low grade, unlike its ore-cousin haematite it must be processed, and that costs money. Even if Chinese customers say they love the stuff, there is little doubt that they actually love haematite more because over the full commodity price cycle, haematite is the cheaper feedstock for their blast furnaces.
There is an argument that magnetite is the ore of the future because there's so much of the stuff, and precious little high-grade haematite left. On that score, magnetite is a winner – in the same way that laterite nickel was a winner in the great laterite year of 1997.
- Joined
- 19 March 2006
- Posts
- 598
- Reactions
- 2
I'd love to do a poll and see how many posters knew the answer to that question 
- Joined
- 9 May 2006
- Posts
- 155
- Reactions
- 0
If you look at the 1996 drilling tests, they covered quite a large area of the deposit. All holes were around the mark of 60% Fe(Iron). I think the chances of veins in the soon to be announced results is low.
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
kgee said:I'd love to do a poll and see how many posters knew the answer to that question
It's haematite ore, below the cut-off grade for most ore buyers, so it would need a beni. process of some type to increase the grade. The drill area all but straddles the BHP rail line. The area was drilled by H.I in the mid 90's before they surrendered the lease as uneconomic for thier operations...... but I guess that most people that have done thier research would already know this..
Cheers..
Kauri
Before purchasing YML, I would have put in about 6 hours research after reading YT's comments. HI drilled this area in the mid 90s but surrendered the lease. Iron ore prices are now much higher and transport options are now more favourable. This stock has good potential on more than one front as discussed over and over again. Share volumes have picked up of late along with the share price. Surely there must be some serious buying going on.Kauri said:It's haematite ore, below the cut-off grade for most ore buyers, so it would need a beni. process of some type to increase the grade. The drill area all but straddles the BHP rail line. The area was drilled by H.I in the mid 90's before they surrendered the lease as uneconomic for thier operations...... but I guess that most people that have done thier research would already know this..
Cheers..
Kauri
DYOR
DYOR
- Joined
- 19 March 2006
- Posts
- 598
- Reactions
- 2
Hi Marklar I read to about page 8 of this thread and saw no mention of hematite...correct me if I'm wrong but it was just a cursory glance
Hi Kauri thanks for the clarification, I'm surprised not more is been said about it being hematite
enough of playing devils advocate I'm off to the library to get Victor Rudenno's "guide to mining valuation"
have a good one
Hi Kauri thanks for the clarification, I'm surprised not more is been said about it being hematite
enough of playing devils advocate I'm off to the library to get Victor Rudenno's "guide to mining valuation"
have a good one
there is definate value in this stock, YT's fundamentals make this fairly clear. Admittedly this has had a run from 20c at start of week to highs of 32.5c..obviously way too high on no results and it was to be expected profit takers would move in...(why didn't I!! ). Still happy, averaging 20c...though will be looking for an early exit (possibly) once the results are out..(how can I learn to speed read!! )
). Still happy, averaging 20c...though will be looking for an early exit (possibly) once the results are out..(how can I learn to speed read!! )I don't intend to panic. Todays turnover has been comparatively very low. Yesterdays was well over 3 million. Leave the emotion out of it. YML's potential hasn't changed. We all like the good days, not so much the bad ones. After 2 days of rises, a pullback was necessary.bigt said:there is definate value in this stock, YT's fundamentals make this fairly clear. Admittedly this has had a run from 20c at start of week to highs of 32.5c..obviously way too high on no results and it was to be expected profit takers would move in...(why didn't I!!
DYOR
- Joined
- 29 November 2006
- Posts
- 568
- Reactions
- 5
greggy said:
Well said greggy. And that's exactly why I won't buy into this just yet. Sure I want to, but without having done my own due diligence, I think it would be purely an emotional purchase for me, which from everything I have read and will probably read, is a set up for failure in trading.
Basically I'm not going to get caught up in the hype. If I miss out I miss out...there will always be other fun rides to enjoy.
I do think I'm learning a fair bit though just from reading this forum and putting my emotions in check.
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
hmmm not too sure. there would be quite a few people who have now lost a large amount of money on this one. such a large volume day yesterday and day before at prices well above current sp means one thing, many people will be in the red.
not saying the fundamentals arent there, because they are BUT there will be increased resistance now IMO as ppl will want their money back when sp does rise again.
not saying the fundamentals arent there, because they are BUT there will be increased resistance now IMO as ppl will want their money back when sp does rise again.
As has been already stated on this forum, a lot of ASF users purchased their YML holdings in the 16-22c range. I purchased mine at 21c. After a strong rise from 20c to 33c, a pullback isn't surprising. THe motto is not to chase stocks. Try to get set in stocks before they run. YML still has strong potential.dj_420 said:
DYOR
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
all im stating is that due to such large increases in volumes obviously the majority of recent buyers are in the 24 - 33 cents range. which by the LARGE volume over 30 cents obviously these ppl would be sitting on losses now.
disc: i have been in and out of this stock already, and intend to buy again on more weakness.
the moral here is you can catch a good run, sell and buy again on retracement.
disc: i have been in and out of this stock already, and intend to buy again on more weakness.
the moral here is you can catch a good run, sell and buy again on retracement.
- Joined
- 12 December 2006
- Posts
- 289
- Reactions
- 0
with only 80M shares fully diluted say at 26c the company is still only worth $21M
- Joined
- 25 April 2006
- Posts
- 221
- Reactions
- 1
nioka said:
poor choice of words
MB
