Australian (ASX) Stock Market Forum

YML - Yilgarn Mining

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Has been quiet the last few days, has everyone finished accumulating their positions?

Good to see that everyones behaving themselves and not chasing the SP,

Just watching my baby JMS continue running today brings a smile to my face (he's a big boy now lol) can't wait for YML to have its turn
 
YOUNG_TRADER said:
Has been quiet the last few days, has everyone finished accumulating their positions?

Good to see that everyones behaving themselves and not chasing the SP,

Just watching my baby JMS continue running today brings a smile to my face (he's a big boy now lol) can't wait for YML to have its turn
Click to expand...

YML look exhausted and investors may not trust this one again, or for sometime at least. JMS may be a big boy now but YML fell over and came home crying.
 
noirua said:
YML look exhausted and investors may not trust this one again, or for sometime at least. JMS may be a big boy now but YML fell over and came home crying.
Click to expand...


lol, omg Noi your too funny, exhausted? What are you on about,

YML fell over and came home crying?

People chased the SP up to 25c for no reason other than probably this thread, it was obvious it would drift back,

I'll tell you what I give YML 2 months to release positive ann re its Iron Ore Project, then we'll let the mkt decide whats exhausted,

Apologies if this comes across a bit harsh but your above post had no real fundamental analysis to it, which is very unlike you Noi
 
True, True YT. Ppl chased too hard when it wasn't time yet. The market wasn't ready for it yet. Everyone is focused on MLS & JMS right now. It's funny how it's all about the "whats in" stock.

But anyways.....trust me, this stock will have its run. I'd give it 2-3 weeks. And this stock will be one on those "in" stocks.
 
YOUNG_TRADER said:
lol, omg Noi your too funny, exhausted? What are you on about,

YML fell over and came home crying?

People chased the SP up to 25c for no reason other than probably this thread, it was obvious it would drift back,

I'll tell you what I give YML 2 months to release positive ann re its Iron Ore Project, then we'll let the mkt decide whats exhausted,

Apologies if this comes across a bit harsh but your above post had no real fundamental analysis to it, which is very unlike you Noi
Click to expand...

Hi Y_T, Please correct me if I'm wrong, but YML has iron ore drilling results at Marillana that were carried out by a previous explorer of the tenement in 1996. Drilling of the tenement is not expected to start until 2007 and a specific date has not been given yet, due to a drilling rig having not yet been made available.
Looks promising, but quite early days yet. Worth a gamble are YML, imho, and who knows what the further drilling may bring.
 
They managed to secure a rig and drill the holes and assays are expected back soon,

It was in one of their ann

And thats just their Elephant Iron Ore grounds,

They have two very promising Nickel Projects,

1 JV with MRE (the laterite King) a JV over a very low grade Laterite Resource that can and should be toll treated at MRE's Murrin Murrin Plant, with discussions continuing

2. JV with CSM over a nice good grade Open-Pittable Nickel Deposit with Feasibility Study due Early Jan


JMS is in early days, YML is where JMS will be in say 6-12months

YML has proven management who made a profit of $6.6m from developing their gold project,

A management team who have been actively toiling away on some amazing projects,

A team that has not had to hit up the mkt several times for funding like JMS

So if JMS can be capped at $45m with its projects, I'd love to see what YML can be capped at, say a similar $45m= an SP of 55-58c YML

Don't forget the Mkt went crazy with JMS for a survey outlining a huge possible Iron deposit near Rio's Brockman (no surface assays yet let alone drill results), while YML are going to recieve DRILL ASSAYS back on a dposit that Hamersley defined as having a strike of over 10Km also near Rio's Brockman!

JMS is completeing Nickel Survey, YML is completeing toll treatment agreement over Nickel Project 1 and Feasibility over Nickel Project 2,

YML is poised for a re-rating!
 
Hi Y_T, I thought that the Marillana Tenement still required environmental approval. There is still the matter of considering the nature of upgrading by benefication. I hope they've got hold of a drilling rig quickly, can't find the ann however.

Thanks for the extra info - all the best
 
The RC (reverse circulation) drill programme at the Company’s Marillana iron ore prospect has been completed (previous ASX release on 13 November, 2006). A total of 17 holes were drilled of which 13 were in the north-west sector of E47/1408. These holes are shown on the attached figure. Samples have been sent to Ultra Trace Laboratories in Perth for analysis. Results are not expected until early in January.
 
nizar said:
Well you know what they say, go where the money is, and go there often... :2twocents
Click to expand...


Very true unless of course you wanted to accumulate a large position at a cheap price and then its just a matter of waiting for the money to come and find you, has worked a treat so far
 
As i stated earlier on.

The company is a quiete achiever.

its doesn't make the noise like the other ones.

day traders will jump off it if there is a lack of announcements.

it has never been a heavly traded stock...

the market depth and activity was always quite also...

how things have changed
 
I'm at the moment batting around to see whats going on at the Marillano Tenement that was relinquished by Hamersley Iron Pty., despite, what look as medium to high iron ore results in 1996. A very interesting report was made on the flora position and it will take quite a bit of reading. It mentioned the Marillano Creek/Yandico gina CID and downstream Weeli Wolli groundwater...

I expect everything is absolutely fine, though it has to be interesting to see the reasons that Hamersley Iron Pty., relinquished large areas.
 
Have fun Noi,



I thought I'd make an interesting comparison,

GME went from 14c 6 months ago to 65c now

GME's current Mkt Cap is $130m+ and they only have $1.5m in cash,

YML's current mkt Cap is $12m and they have $4.5m in cash

GME's project is a 130Mt @ 1%Ni + 0.06%Co Laterite Nickel Deposit right near the MMJV

YML's project (1 of 3) is a 20Mt @1%Ni + 0.12%Co Laterite Nickel Project WHICH IS THE MMJV

GME has to hope the MRE will toll treat its Ore, YML has to hope its JV PARTNER IN THE MMJV will develop the project at its own Murrin Murrin Plant

I don't know about you guys but I reckon YML is in a much better position to get this project going than GME, considering that YML is in the MMJV with MRE

Most importantly this is only 1 of 3 projects


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!
 
YOUNG_TRADER said:
Have fun Noi,



I thought I'd make an interesting comparison,

GME went from 14c 6 months ago to 65c now

GME's current Mkt Cap is $130m+ and they only have $1.5m in cash,

YML's current mkt Cap is $12m and they have $4.5m in cash

GME's project is a 130Mt @ 1%Ni + 0.06%Co Laterite Nickel Deposit right near the MMJV

YML's project (1 of 3) is a 20Mt @1%Ni + 0.12%Co Laterite Nickel Project WHICH IS THE MMJV

GME has to hope the MRE will toll treat its Ore, YML has to hope its JV PARTNER IN THE MMJV will develop the project at its own Murrin Murrin Plant

I don't know about you guys but I reckon YML is in a much better position to get this project going than GME, considering that YML is in the MMJV with MRE

Most importantly this is only 1 of 3 projects


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!
Click to expand...


Hi Y_T, YML looks interesting, but there are question marks, at least one of these you have highlighted.
Costs are going to be substantial for a market cap outfit of $12 million and bigger companies struggle with infrastructure costs etc., and shipping which is expensive with current demurrage charges.
Is it fair to compare GME ( presently in trading halt ) with YML., as a price of $2.00 would put them at near equal standing.
$4.5 million is fine for a company with a small interest in a mine, but $100+ million may be nearer the mark for all the ventures; What do you think?

Good Luck, appreciate your posts - noi
 
YOUNG_TRADER said:
Have fun Noi,



I thought I'd make an interesting comparison,

GME went from 14c 6 months ago to 65c now

GME's current Mkt Cap is $130m+ and they only have $1.5m in cash,

YML's current mkt Cap is $12m and they have $4.5m in cash

GME's project is a 130Mt @ 1%Ni + 0.06%Co Laterite Nickel Deposit right near the MMJV

YML's project (1 of 3) is a 20Mt @1%Ni + 0.12%Co Laterite Nickel Project WHICH IS THE MMJV

GME has to hope the MRE will toll treat its Ore, YML has to hope its JV PARTNER IN THE MMJV will develop the project at its own Murrin Murrin Plant

I don't know about you guys but I reckon YML is in a much better position to get this project going than GME, considering that YML is in the MMJV with MRE

Most importantly this is only 1 of 3 projects


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!
Click to expand...
Hi YT, Another lateralite venture that is interesting to compare to GME & YML is JRV. While the grades are lower, the reserves are much larger.
167m tonnes @.72% (or 267m tonnes @ .58%). They also have gas pipeline running through the site and close to transport. The company has made considerable porgress on its mining methodology which was presented at the ALTA nickel/cobalt conference in May. The aim is produce 80 000 tonnes of Ni per annum + cobalt + iron.
Other assets include the 400 000oz Bullabulling gold reserves as well as a few other projects (uranium, scandium, gold).
Quite a lot of shares on issue (1.1b) but market cap is only $11m. Would be interested to hear your thoughts.
 
skint said:
Hi YT, Another lateralite venture that is interesting to compare to GME & YML is JRV. While the grades are lower, the reserves are much larger.
167m tonnes @.72% (or 267m tonnes @ .58%). They also have gas pipeline running through the site and close to transport. The company has made considerable porgress on its mining methodology which was presented at the ALTA nickel/cobalt conference in May. The aim is produce 80 000 tonnes of Ni per annum + cobalt + iron.
Other assets include the 400 000oz Bullabulling gold reserves as well as a few other projects (uranium, scandium, gold).
Quite a lot of shares on issue (1.1b) but market cap is only $11m. Would be interested to hear your thoughts.
Click to expand...
You should start a thread on this one skint.
 
Skint know all about JRV,

Was alerted to it a few years back when it was 0.004 ish, had a run on it from 0.015-0.045 this is at least 1-2years back, Patos played in it

They had some issue with the Ore if I remember correctly,

Recently did placement at 1c or so,

This doesn't really have a catalyst on the horizon to get SP moving

You start thread, I'll add to it if you like,
 
YOUNG_TRADER said:
Very true unless of course you wanted to accumulate a large position at a cheap price and then its just a matter of waiting for the money to come and find you, has worked a treat so far
Click to expand...
Good point Young Trader. If you look at my earlier posts, I bought HNR, VMS, NAV and ITT at low prices when nobody seemed interested. I was even rubished when I bought HCY @ 1.6 cents only to be later vindicated. I'm now hoping to do the same with MZM. I subscribe to the theory, buy specs with relatively sound management, have plenty cash and interesting prospects whilst they are out of favour. I've been doing this for 27 years and will contiune to do so for a long time to come.
DYOR
 

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