YML - Yilgarn Mining

[happytown]

My apologies if I sounded too abrupt yesterday.

ALFguy,

seriously, no need and not at all

my reason for posting was simply to get clarification on some terminology the co themselves chose to use in the ann

the minimal responses may, ironically, speak volumes

cheers

 

[YOUNG_TRADER]

That said, I'm sure Pato's took all this into account when they put a 40c value out there.

I spoke to Pato's and if you read their valuation you will see that based on their analysts detailed knowledge of all Nickel Sulphide operations etc and the fact that Carr Boyd was an operational mine in the past they believe its a certainty that Carr Boyd will come on line (Barr a crash in the whole Resource Stock mkt/Commodities but if your worried about that you shouldn't be reading this thread)

Look guys YML was undervalued at 20c some of you listened to me then and are up about 100%,

YML is still undervalued at 40c because as the report says 40c is mainly just for Carr Boyd, the multi dollar potential upside at Marriliana and Iriwn Hills is free at these levels,

YML's strengths are
- Its worth 40c based on Carr Boyd alone, which will generate good cashflow something the likes of UMC and GME can only dream about in the next 18-24months

- Management (Ex WMC) are proven developers who don't just raise capital and dillute shareholders, they develop projects like Rose Dam to generate cash

- The Iron ore upside at Marilliana rivals that of UMC

- The Nickel upside at Irwin Hills is comparable to GME (albeit on a lesser scale)


YML is a stock for those who want a reduced risk (not riskless) exposure to a developing Iron Ore and Nickel play, I rate it much better than UMC and GME who don't have the potential for near term cashflow

 

[YOUNG_TRADER]

ALFguy,

seriously, no need and not at all

my reason for posting was simply to get clarification on some terminology the co themselves chose to use in the ann

the minimal responses may, ironically, speak volumes

cheers

Managment aren't rampers mate, their old town miners who've been in the game for years, maybe pick up the phone and have a chat to them and you'll see what I mean.

Their happy to take a conservative approach to building a Nickel Iron Ore developer.

Also management have their money where their mouth is, they own probably 40% of the company, so their net wealth is pretty closely linked to our net wealth, also they aren't on the board of 20-30companies so they are focused

 

[happytown]

Managment aren't rampers mate, ...

and never have i intentionally explicitly or impliedly asserted that mate

... their old town miners who've been in the game for years, maybe pick up the phone and have a chat to them and you'll see what I mean.

thanks for the suggestion

Their happy to take a conservative approach to building a Nickel Iron Ore developer.

this goes some way toward answering one of my original questions, thanks

Also management have their money where their mouth is, they own probably 40% of the company, so their net wealth is pretty closely linked to our net wealth, also they aren't on the board of 20-30companies so they are focused

can't argue with the benefits of this to shareholders at all

wouldn't we all as current or past shareholders have liked their entry price

perhaps you could shed light on my questions, 16 posts back,

"is the formal disclosure above a requirement for a pre-jorc 'conceptual' estimation?"

"is the only really economic resource deep down? or am i reading 'in depth' incorrectly?"

"there would appear to be quite a few obstacles to overcome for yml or are they being a little more realistic when it comes to informing shareholders, than some resource co's"

and it is to be understood i am not questioning peoples analysis of yml on this thread, of which you have contributed significantly, or patersons analysis, i am asking questions as to the terminology the co themselves used in their recent ann (and had posted the questions prior to receiving your, in hindsight, commonsense suggestion of ringing the co directly)

cheers

 

[YOUNG_TRADER]

"is the formal disclosure above a requirement for a pre-jorc 'conceptual' estimation?"

"is the only really economic resource deep down? or am i reading 'in depth' incorrectly?"

"there would appear to be quite a few obstacles to overcome for yml or are they being a little more realistic when it comes to informing shareholders, than some resource co's"

Hi,

Didn't mean to say you thought company were rampers etc hust tried to answer all your questions with the fact that company is managed by experienced miners ex WMC boys who take a slow but sure path to building a proper mining house

Re 'disclosure', its the companies way of letting the mkt know that the 30Mt@57%Fe isn't JORC compliant yet, no issue here though, just a matter of time till they do drilling June/July and get the JORC out

Re "deep down resource" Stage 1 at Carr Boyd is open pit at surface ore stage 2 will move underground, I think what your confusing is the possibility of more ore deep down in pipes etc

Re "obstacles"

Well none really at Marilliana, as its only a matter of time till the 30Mt is JORC's, as for development, read the Pato's report, YML is in the enviable position of being surrounded by FMG RIO BHP and Hancock, and alos has exisiting rail running through thier tenement + the chinese are already interested, so development here shouldn't be a problem

At Irwin Hills, yes they do face issues, but they have the King of Nickel Laterites Minara MRE as the major JV partner to help out with everything from technical know how to finance offtake even processing, who do GME have?

At Carr Boyd again if you read the Pato's report as the mine was once in production they know what to expect of the ore, to quote Carr Boyd ores should be in high demand I assume for others to use as blending with theirs


Read the report it answers most if not all your questions
http://www.yilgarnmining.com.au/ASX/Australian Explorers Digest April 2007 excerpt.pdf

 

[greggy]

and never have i intentionally explicitly or impliedly asserted that mate



thanks for the suggestion



this goes some way toward answering one of my original questions, thanks



can't argue with the benefits of this to shareholders at all

wouldn't we all as current or past shareholders have liked their entry price

perhaps you could shed light on my questions, 16 posts back,

"is the formal disclosure above a requirement for a pre-jorc 'conceptual' estimation?"

"is the only really economic resource deep down? or am i reading 'in depth' incorrectly?"

"there would appear to be quite a few obstacles to overcome for yml or are they being a little more realistic when it comes to informing shareholders, than some resource co's"

and it is to be understood i am not questioning peoples analysis of yml on this thread, of which you have contributed significantly, or patersons analysis, i am asking questions as to the terminology the co themselves used in their recent ann (and had posted the questions prior to receiving your, in hindsight, commonsense suggestion of ringing the co directly)

cheers

Hi Happytown,

There's no doubting that YML has strong potential, especially on both the nickel and iron ore fronts. When I rang management earlier this year I found them to be conservative and optimistic about YML's outlook.
I just feet that your comments about YML were a bit unfair and too pessimistic. By the way, I currently don't have a financial interest in YML.
DYOR

 

[Gurgler]

I just feet that your comments about YML were a bit unfair and too pessimistic.
DYOR

Guys, guys, guys (and I don't use that as a gender specific term!)

Don't let this drag on and on; for what it's worth, my opinion is that happytown's and ALFguy's comments provided a balance which we all would like in these threads. ALFguy has acknowledged a little bit of a knee-jerk reaction.

I personally like to see both sides of the argument presented (particularly as I find I am always more focussed on positives rather than negatives )

At the end of the day, we all have to live with market outcomes beyond our immediate control. An ongoing balanced discussion gives us food for thought along the way.

 

[greggy]

Guys, guys, guys (and I don't use that as a gender specific term!)

Don't let this drag on and on; for what it's worth, my opinion is that happytown's and ALFguy's comments provided a balance which we all would like in these threads. ALFguy has acknowledged a little bit of a knee-jerk reaction.

I personally like to see both sides of the argument presented (particularly as I find I am always more focussed on positives rather than negatives )

At the end of the day, we all have to live with market outcomes beyond our immediate control. An ongoing balanced discussion gives us food for thought along the way.

Gurgler, I just wanted to make the point that YML's management are conservative and that it has strong potential. I wouldn't call it dragging on when I thought I'd give my opinion on YML. I agree that everyone has their own opinion and that's what makes this forum so good.
DYOR

 

[Bullion]

Well someone is still playing games or at least trying to cap it a little. I have noticed some 50,000+ sells coming and going at around 40c today.

 

[greggy]

Well someone is still playing games or at least trying to cap it a little. I have noticed some 50,000+ sells coming and going at around 40c today.

Maybe there's just a little bit of profit taking going on after its strong rise of late. Today's volume has also been fairly weak, just over 200,000. There's not much in the way of selling until 46 cents.
DYOR

 

[happytown]

...

Re 'disclosure', its the companies way of letting the mkt know that the 30Mt@57%Fe isn't JORC compliant yet, no issue here though, just a matter of time till they do drilling June/July and get the JORC out

Re "deep down resource" Stage 1 at Carr Boyd is open pit at surface ore stage 2 will move underground, I think what your confusing is the possibility of more ore deep down in pipes etc

Re "obstacles"

Well none really at Marilliana, as its only a matter of time till the 30Mt is JORC's, as for development, read the Pato's report, YML is in the enviable position of being surrounded by FMG RIO BHP and Hancock, and alos has exisiting rail running through thier tenement + the chinese are already interested, so development here shouldn't be a problem

At Irwin Hills, yes they do face issues, but they have the King of Nickel Laterites Minara MRE as the major JV partner to help out with everything from technical know how to finance offtake even processing, who do GME have?

At Carr Boyd again if you read the Pato's report as the mine was once in production they know what to expect of the ore, to quote Carr Boyd ores should be in high demand I assume for others to use as blending with theirs


Read the report it answers most if not all your questions
http://www.yilgarnmining.com.au/ASX/Australian Explorers Digest April 2007 excerpt.pdf

thanks YOUNG_TRADER, appreciate the response

i take your point re their conservative approach to building the co

will be adding the phone to the toolkit

back to awaiting the carr boyd ann

cheers

and cheers greggy

 

[YOUNG_TRADER]

We're starting to see the effects of what happens when about 75% of a stock is held by the top 20 leaving 25% of 60m for the public = 15m

Add to that a broker such as Patersons that has a best spec buy rating around 40c and is happy to buy to this level and you realise that the available pool of 15m becomes less and less

Its been traing in a 36c to 42c price range of late, with majority being 38c-40cc, it looks like its almost ready to move up past this 42c all time high level

With Carr Boyd around the cnr who knows where this will go

 

[alankew]

YT what would you reasonably expect the oppies to be trading at if the ann is positive-lots of ifs buts and maybes but are you expecting the heads to get up to $1 in the near term. Never traded options before but when they go well what a ride.

 

[YOUNG_TRADER]

Alan all I can say is the folllowing

1. Have a thorough read of the Pato's valuation report

2. YML mkt cap at 40c = $32m, Carr Boyd can earn up to 90%, if NPV = $200m what mkt cap do you think YML should get? What about upside for mulit dollar potential of Marilliana and Irwin Hills?

3. Pato's like the stock and have been trying to buy, but there's only about 15m available for public

Read all the info one this thread, look at UMC as an Iron Ore comparable, RML and GME as a nickel comparable both for cash flow and upside, then decide

 

[3 veiws of a secret]

Miserable day outside decided not to go to work today......but at least the computer screen is frying the palms of my hands 45 cents not bad for a days work.
The optimum reason I got into this share was the quota of shares available to the plebscite,and secondly the location of the mines to infrastructure. What's in the ground is another asset to be exploited.....happy days coming Fonzie

 

[petervan]

Has now hit .45cents and looks extremly bullish with options holding up.With announcement out end of may could have a big run up.Hope so

 

[AJ_]

Looks good got some options yesterday, but they seem to be lagging a bit.. but that is normally the case when expiry is pretty close.

 

[Bullion]

Looks like someone just took out a 150,000 share chunk at market. Brings us up to 47c! Sell side looking very scarce...

 

[UPKA]

trading thin on the seller side, looks like everyone is trying to hold onto watever they have, this can definately get interesting. as mentioned in previous posts, majority of the shares r owned by top 20 holders, u'll prob find it harder to get ur hands on the shares now.

 

[YOUNG_TRADER]

There's no reason for a rally like this + volume is way up = Maybe insiders buying on Carr Boyd results