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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)
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)