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
My apologies if I sounded too abrupt yesterday.
That said, I'm sure Pato's took all this into account when they put a 40c value out there.
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
"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 Happytown,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
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.
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.
...
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
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