YML - Yilgarn Mining

[YOUNG_TRADER]

Its moving because of increased mkt awareness see below

I told you guys use the quite period ie now to March to accumulate, because come March/April its gonna be crazy, between now and then I also said we would get random events ie updates other projects, director buying an article like this that will stimulate SP

By April I expect updates on all 3 NPV Projects, ie Toll Treatment terms at Irwin, Scoping Study Carr Boyd outlining development options as well as more drilling and development options at Marilliana, I expect a mkt cap of $40-$50m around then = 50c - 60c SP





Australia's Yilgarn Mining identifies potential 30 mln tons iron ore resource
01.21.07, 8:37 PM ET
SYDNEY (XFN-ASIA) - Yilgarn Mining Ltd said appraisal drilling at the Marillana project in Western Australia's Pilbara iron ore province indicates a resource of more than 30 mln metric tons of ore grading more than 58 pct iron.

The Marillana license area is surrounded by iron ore properties owned by major iron ore companies including Rio Tinto and BHP Billiton (nyse: BBL - news - people ).

Yilgarn chief executive David Burt said said the company plans further drilling to assess the size of the deposit.

He said development of the project will depend on a number of factors including access to rail and port infrastructure, adding that its location makes it an asset of strategic significance.

Yilgarn anticipates broadening its activity within the Pilbara region this year through the potential award of three additional iron ore exploration licences.

At 12:15 pm, Sydney, Yilgarn was at 0.015 aud or 7.14 pct at 0.225 aud, capitalizing the company at 13.4 mln aud.


(1 usd = 1.27 aud)

 

[MiningGuru]

28.5c has now been taken out.

Just about to opo to new highs!

 

[Mozart56]

We could see a major shift when the full Marillana exploration is complete. They have only drilled a tiny portion of this tenanment and the 30M tonne estimate could esily become 300M T, should the indicative survey data be anything to go by. That rail line running right through the tennament is a nice optional extra to have too. We can only assume that the success of other Co's in accessing this line is good thing too.

Biggest threat to YML's short-term future could be its potential to be taken over, but given the high portion of ownership amongst a small group of holders there is some immunisation there. YT your thoughts?

 

[KIWIKARLOS]

Perhapes a small pullback from todays highs and mayby back to 22-24 this week? any thoughts

 

[rico01]

Perhapes a small pullback from todays highs and mayby back to 22-24 this week? any thoughts

Still have my order at 22.5

 

[spottygoose]

Still have my order at 22.5

I sold at 0.285 and hope (fingers crossed) after a bit of a retrace I can get back in around 22-24 too.

 

[YOUNG_TRADER]

YT your thoughts?

You have my thoughts, both here

"Just wait till March/April

-Carr/Boyd Feasibility finished
-Marilliana follow up drilling


Between now and then there will be

- Updates re other projects
- Update re very large Irwin Laterite Nickel JV
- More Director Buying

With the stock having strong support at 20c (ie theres always 400k+ buying at or above 20c) I see now as a good time to TRY and accumulate stock, because come March/April YML will be in the spotlight"


and here


"Its moving because of increased mkt awareness see below

I told you guys use the quite period ie now to March to accumulate, because come March/April its gonna be crazy, between now and then I also said we would get random events ie updates other projects, director buying an article like this that will stimulate SP

By April I expect updates on all 3 NPV Projects, ie Toll Treatment terms at Irwin, Scoping Study Carr Boyd outlining development options as well as more drilling and development options at Marilliana, I expect a mkt cap of $40-$50m around then = 50c - 60c SP"

But in case you didn't get the msg here it is again, use time from now until March/April to accumulate if you want to, as come March/April the amount of activity will send it crazy

 

[Mozart56]

You have my thoughts, [/B]

No thoughts on a potenital takeover then?

 

[YOUNG_TRADER]

No thoughts on a potenital takeover then?

Way too early as there's too many possibilities,

ie 3 projects,
- Irwin is JV MRE
- Carr Boyd JV with CSM
- Marilliana surrounded by majors, perhaps JV with Rio or Chinese like Sino Steel?


JV developments are far more likely over the next 6 months than a takeover, then again you never know

 

[ALFguy]

Bare in mind that too many people competing to accumulate, could result in pushing the SP up. I think that's what's happened over the last couple of days.

Good luck getting in below 24c. I'm still trying!

 

[INORE]

Bare in mind that too many people competing to accumulate, could result in pushing the SP up. I think that's what's happened over the last couple of days.

Good luck getting in below 24c. I'm still trying!

I suppose I am one of the punters that helped push the price up when i bought at 27c...but after a extensive research and considering the diversity this stock has, i believe i have still bought in at a bargain price and will still continue to buy while its below 30c. Thanks for all your comments as well YT.

 

[G-Zilla]

I sold out today at 27c. My plan is to hopefully buy back in at about 23-25c if there is a dip after no news over the next couple of weeks.

 

[camaybay]

G Zilla, that is a good plan, but generally when I buy they fall and the reverse for sell. So maybe all the other YML holders will be thankful for the sacrifice!
:bonk:

 

[samson]

30th June 2007 options trade at 6.3 cents at the moment, up 0.4c - for 32,500 options; Last trade at 10.24.

Still some confidence in the oppies with less than five months to expiry and the heads lagging quite a bit. With the study into Carr Boyd Ni Cu project not expected for release until April, and the latest Marillana result not exciting the market, I'm surprised there are still buyers at the above prices.


Cheers

 

[YOUNG_TRADER]

I'm surprised there are still buyers at the above prices.

Obviously you never followed JMS else you would understand why.

 

[Rob_ee]

Well in the last 5 hrs there have only been 3 trades Vol around 20K

Could a large holder please dump 100K in one go so it comes back to 23c at which price we can all buy in again

 

[Mozart56]

Volume wafer thin ATM. It appears that 25/26c is the new stand-off threshold. At least for today. I imagine there are plenty of new shareholders who will grow impatient in the abence of announcement in the next 2 weeks or so. We could see it fall back then I suspect.

I'm waiting until we see ludicrous Carr Boyd and Marilliana ore estimates in April May

 

[G-Zilla]

well I reentered at 24c again today. I think this will drop a little more so im going to put another buy order in at 22c and see what happens

 

[KIWIKARLOS]

Can someone please post a chart analysis of recent YML eg. Candle chart and any other info

 

[camaybay]

as at Wednesday's close

FYI