YML - Yilgarn Mining

[Kauri]

Just for interests sake... The brown scars are operating pits and the white lines are spur/mainlines. From Mariillana site to either of the operations is about 20km as the roo hops.
I DON'T hold, anymore.

 

[YOUNG_TRADER]

Nice Map Kauri!


Still not confirmed but looks like 20c may be bottoming level,

Next few days should test this area to see if it holds

 

[Snakey]

Nice Map Kauri!


Still not confirmed but looks like 20c may be bottoming level,

Next few days should test this area to see if it holds

Yes good buying at these prices (sub 21) but I dont have the funds or the patience atm (I would not sell at these levels)
dyor

 

[Sean K]

Yes good buying at these prices (sub 21) but I dont have the funds or the patience atm (I would not sell at these levels)
dyor

Snakey, snakey, snakey, why, why, why ?????

I'll give you an opportunity to explain - thanks.

From a charting perspective there should be support at $0.20 which has been identified previously, so if you trust this sort of analysis and use it as a method to set buy and sell prices, then it might be an opportunity....

 

[Joe Blow]

Yes good buying at these prices (sub 21)

Snakey, am going to have to agree with Kennas here.

Nobody on this forum should be making buy or sell recommendations. You are welcome to suggest it's undervalued or oversold if you feel it represents value at these prices... but please present some analysis (t/a or f/a) to back your case otherwise it comes across as a ramp. It's not enough to just say it.

 

[Darryn]

I can't understand why the options are so overpriced? They are suppose to be selling at a 25cent discount?!!
Am interested in the news release this week, crossing my fingers its good!

 

[pacer]

Yep...I used to get a bit hyper on a stock I FELT was a winner and have been spanked by Joe.......and a few others.....I guess a more down-toned perspective is required sometimes.....bourbon gets in the way occaionaly with me.....What's your excuse snakey.....lol

PS All my ramped stocks are sitting at 50% average up within 4 months.....NEO was my only real looser since I started trading and it was the first one I ever bought....on a 'HOT' tip.....never trust your mates!.......and never listen to non performing posters or those that have no reputation here.....even then don't necessarily take any notice......just have fun playing the game......AND WEAR YOUR 'BULL**** FILTER' AT ALL TIMES!

ASF ROCKS!................

 

[ALFguy]

Am interested in the news release this week, crossing my fingers its good!

What news release is that Darryn?

PS All my ramped stocks are sitting at 50% average up within 4 months.....NEO was my only real looser since I started trading and it was the first one I ever bought....on a 'HOT' tip.....never trust your mates!.......and never listen to non performing posters or those that have no reputation here.....even then don't necessarily take any notice......just have fun playing the game......AND WEAR YOUR 'BULL**** FILTER' AT ALL TIMES!

ASF ROCKS!................

What does this have to do with YML?

 

[Sean K]

What does this have to do with YML?

Bourbon I'd say Alf

 

[Snakey]

Snakey, snakey, snakey, why, why, why ?????

I'll give you an opportunity to explain - thanks.

From a charting perspective there should be support at $0.20 which has been identified previously, so if you trust this sort of analysis and use it as a method to set buy and sell prices, then it might be an opportunity....

Opps I did it again I have taken profit from this stock and completely sold out. So no need to ramp. I know there are people sitting on losses here but as YT pointed out this stock is great value. If your holding this stock you must remember that alot of people bought this stock recently and expected some good quick profits from ann. Those day traders now need to exit this stock to free up their money. Hence the excessive price drop. This will take a while to recover from this situation... maybe a couple of weeks before all these traders have exited. Not all day traders as quick to take profits as me. So holders dont expect a quick recovery but also dont expect this to stay at these low prices for too long. I believe and I would say that YT believes these are low prices for this company (sub 21c) you have read yt's findings and nothing has changed with this company.
Care to comment or back me up here YT or bag me out for that matter?

 

[YOUNG_TRADER]

All I can say Snake is that your right,

Far too many day traders and quick buck artists jumped on this stock for a quick profit which it sorta gave, 100% in 1 month ie when I first posted early dec = 16c to early Jan reached 32c

If anything my confidence has increased as recent drilling at Marilliana has confirmed previous drilling so I am now much more confident of the 10km strike outlined by Hamersley,

I cannot give recommendations but I can say I used yesterdays weakness to top up (just as I used the early Jan surge to sell a few)

The fundamentals haven't changed, if anything they've gotten slightly better

What has changed is very short term sentiment, but that as we have seen can change in an instant

I'm very eager to see their qtrly, to read up on progress at the other 2 Nickel projects + detailed plans for Marilliana

 

[3 veiws of a secret]

Like YT .....I too took the opportunity to add almost 73K to my existing stash. The only adversity for all resources stocks is the LME plunging,but to be so pessimistic ,for me it's a little far fetched in the doom and gloom dept. If the share drops again shall average and hopefully reel in some more.
What really caught my attention re: this share, is the transportation link that is on it's doorstep (unlike JMS & drawn out saga with Fortesque), this shares potential clearly stated in YT's earlier posts do stack up.
Like always time will tell,and the patient trader will be all smiles.

 

[Darryn]

Oops sorry, a mistake!

What news release is that Darryn?



What does this have to do with YML?

 

[YOUNG_TRADER]

Looks to be forming a base/support around 20c level

 

[Caliente]

Significant update of activities this morning.

http://www.asx.com.au/asxpdf/20070122/pdf/310lbsx66szfmd.pdf

The report is substantial (13 pages) and outlines Yilgarn's projects.

So we now know that Marillana is 30Mt@+58% with expansion to the NE.
Using an in-ground value of $5/t I get;

30 x 0.58 x 5 x 1 000 000 = $87 million.

Is this calculation correct or did I miss something?

 

[Caliente]

Actually, I left out the real short term killer is the Nickel at Carr Boyd thats currently being negotiated to buyers.

Excluding the oxide material the resource is 611,000 tonnes grading 1.4% Ni and 0.5% Cu
for 8,400 tonnes of contained nickel metal and 2,900 tonnes of contained copper metal.

Yilgarn can earn up to 90% interest, but right now have 51%

I have no idea how much Yilgarn will get paid for it. The LME cash seller & settlement price atm is $36,600.00. Lets assume 10% of this amount?

So once again, the conservative calculation is

8400 tonnes x $3660 (10% of LME price) X 51% = $15.7m

This alone is greater than YML's market cap.

edit - this is really rough stuff, would appreciate the input of other posters in this thread to get to the heart of the value of todays announcements.

 

[YOUNG_TRADER]

Hi guys, Calliente is right, lots of info in YML's Qtrly to digest


RC drilling results at Marillana have outlined a zone of coherent detrital
iron ore mineralisation in the north-western area of the licence. The
average weighted grade of all drill holes in this area is 58.4% Fe
(equivalent to a calcined Fe grade of 64%). This zone has the potential to
host over 30 million tonnes of +58% Fe mineralisation and remains open
to the north-east.
A programme of core drilling for metallurgical testwork will commence
as soon as a suitable drill rig can be secured.

Even with top soil ore should be worth $10t = $175m

Carr Boyd feasibility studies continued based on recently re-assessed
sulphide resource containing 8200 tonnes Ni metal and 2900 tonnes Cu
metal. The objective is to complete these studies in the first quarter of
2007 and negotiate an ore off-take contract with a third party allowing for a development decision (Stage 1, Open Pit) to be taken in the second
quarter of 2007. The Pre-Feasibility Study is based upon the mining of these sulphide resources which, at this point in time, have an in-ground value of about $400million (based upon LME nickel and copper prices as at 16 January, 2007).


Pilot scale testwork at Irwin-Coglia joint venture expected to commence
in February, 2007.


Carr-Boyd study shouldn't be too far away, 1 month at most I'd say

 

[nioka]

Actually, I left out the real short term killer is the Nickel at Carr Boyd thats currently being negotiated to buyers.

Excluding the oxide material the resource is 611,000 tonnes grading 1.4% Ni and 0.5% Cu
for 8,400 tonnes of contained nickel metal and 2,900 tonnes of contained copper metal.

Yilgarn can earn up to 90% interest, but right now have 51%

I have no idea how much Yilgarn will get paid for it. The LME cash seller & settlement price atm is $36,600.00. Lets assume 10% of this amount?

So once again, the conservative calculation is

8400 tonnes x $3660 (10% of LME price) X 51% = $15.7m

This alone is greater than YML's market cap.

edit - this is really rough stuff, would appreciate the input of other posters in this thread to get to the heart of the value of todays announcements.

I'm happy to hold YML and the value of the nickel is one of the reasons. This asset should give YML some early income which will be needed to develop the Iron ore.
The share price is still attractive to me. The fall was due to the speculators cashing in after the initial announcement on the drilling results, which after all were what was hoped for.
Todays announcement was positive.

 

[YOUNG_TRADER]

Also noticed that they have been granted more Iron Ore tennements see page 10 I think of Qtrly,

Those 2 new licences near Newman look very prospective as well,

Looks like YML may become another emerging Iron Ore Play like JMS, GBG, GWR, IOH, RHI, expect it'll also have 2 Nickle projects going for development as well

 

[noirua]

My confidence is rising as YML rise 2.5 cents. You never know, this could be the early stages of a breakout, after a fairly upbeat Quarterly Report. "...another emerging iron ore play...", says Y_T, "I could hardly disagree".