YML - Yilgarn Mining

[Jay-684]

Dont stress JAY low vol on the decrease means jack s CB,s on the way good times ahead for all holders of yml ymlo

No worries here in terms of the long term! Just curious if there was a reason for the movement I couldn't see

I'm still holding (lol, I gotta, told the missus I'd take her on a holiday if it gets to a certain price!)

 

[ALFguy]

Still gets me why people are swayed by a single large order, even though I know they're probably new to the game or simply following the sheep mentality.

Have been a fair few big sellers over the last week and most have been pulled at the first sign of buyer strength. Could be capping, hard to tell when it's so brazen.

By the way, I spoke to a broker friend in Perth over the weekend and he said he'd heard rumors about a deal on their ore, but he wouldn't divulge anymore - even after I offered to pay his beers! Could be nothing, but worth keeping an ear to the ground. Interestingly, he referred to them as 'the chaps kicking off that nickel mine'

 

[stoxclimber]

There she goes! Cappers get some action..although only about 30k sold in volume so I don't think they'd be happy yet!


Just goes to show you how important a tight stop loss is..plan the trade, trade the plan!!!

 

[mobcat]

CARR BOYD ann check it out hope it holds all we have been hoping for go YML you good thing bloody 100 thingie
back soon

 

[Stimpy]

Now that the mineable resource has been defined (with the exception of the juicy "mineralisation remains open" comment regarding Shoot 4 on the last page) we're just waiting for the testwork results and an offtake agreement.

I agree with gringokonyo, reopening the mine is a virtual certainty.

Exhaustion of the open pit in 7-8 months means fast cash, too.

I liked before - I like even more now. Holding!

 

[motion]

CARR BOYD ann check it out hope it holds all we have been hoping for go YML you good thing bloody 100 thingie
back soon

Is it out ? I can no see it anywhere.... dam commsec...... can some one pls update us here... I can not see it anywhere... thanks

Edit: OK got it... thanks for the update.....

 

[Stimpy]

Is it out ? I can no see it anywhere.... dam commsec...... can some one pls update us here... I can not see it anywhere... thanks

Go to the ASX website, http://www.asx.com.au/asx/statistic...rchByCode&releasedDuringCode=W&issuerCode=YML

 

[mobcat]

Fully agree Stimpy YML is one to give to my 3 month old when hes 18 so he can buy a space shuttle used of course seriously all just travelling along niceley atm the money is in the ore and car boyd can provide some finance sounds like it in a nut shell to me

 

[marklar]

OK, well, I've read it and I'm happy but not ecstatic; there's still work to do over the next few months. I didn't see any negatives, nor any hint of negatives, so I'm keen to see how "the market" responds...

m.

 

[gringokonyo]

These guys are certainly the kings of understated announcements. I get the feeling they've only released it to appease restless ASF members and now want a couple of months to quietly go about their business uninterrupted LOL.

It's cryptic, but the open pit is going ahead once they get the DoIR approval and off take agreement finalised in the next couple of months.

It suggests that the open pit is viable at nickel prices over $28000 US per tonne, so I can't see nickel dropping that low over the next 12 months.

The first paragraph in the Resource stocks article pretty much sums up the importance of the open pit section 'Yilgarn Mining plans to have the old Carr Boyd nickel mine in WA back in production before the end of the year to underwrite deeper development and two other advanced nickel and iron ore projects in the state'. No doubt the open pit is a goer, and probably shoots 1and 2. Not sure about shoot 4 though.

The Marillana results will give the share price the big push, so hold tight for a couple of months.

 

[ALFguy]

The Marillana results will give the share price the big push, so hold tight for a couple of months.

And there is the problem, how many will wait it out?
Short term, I see sideways movement with possible weakness. There are too many holding that were expecting good things in May, let alone June. Now we're talking July/August for anything definite.

However, I don't plan on selling to trade. The past has taught me how difficult this process is, when simply holding longer term will exact the rewards I'm after.

Be interesting to see how the market reacts tomorrow.

 

[gringokonyo]

And there is the problem, how many will wait it out?
Short term, I see sideways movement with possible weakness. There are too many holding that were expecting good things in May, let alone June. Now we're talking July/August for anything definite.

However, I don't plan on selling to trade. The past has taught me how difficult this process is, when simply holding longer term will exact the rewards I'm after.

Be interesting to see how the market reacts tomorrow.

It's hard to figure out what people are looking for in a stock. It might have a short spurt tomorrow and then fall back as you suggest over the next month. I still think this release reiterates what they've said before - which is positive - so I don't expect a massive surge in price.

I too am holding this long term. Marillana has so much potential that I just couldn't sell without first knowing its full potential. I'm really interested to see what the estimated resource is on the south east zones that they're going to drill. If it points to about 200MT within the tenement, then I'm holding these for a very long time (not to mention the 7 other iron ore prospective tenements they have).

Once they confirm JORC compliance for the 30MT, hopefully they'll give an indication of how much ore they plan to produce per year. Even 3 to 5 million tonnes per annum - possibly $120-200 million net value per year would result in a fairly decent share price.

 

[chops_a_must]

By the way, I spoke to a broker friend in Perth over the weekend and he said he'd heard rumors about a deal on their ore, but he wouldn't divulge anymore - even after I offered to pay his beers! Could be nothing, but worth keeping an ear to the ground. Interestingly, he referred to them as 'the chaps kicking off that nickel mine'

Very interesting indeed.

I was curious to see the sudden, simultaneous and unexplained drops in both VRE and YML... I know Paddo's have had large stakes in both of these over time... but perhaps this is something to keep tabs on.

Thanks for that Alf Guy...

 

[UPKA]

Very interesting indeed.

I was curious to see the sudden, simultaneous and unexplained drops in both VRE and YML... I know Paddo's have had large stakes in both of these over time... but perhaps this is something to keep tabs on.

Thanks for that Alf Guy...

there has also been capping at the 50c range today, one was 200k share cap, another one around 120k shares, looks like someone is accumulating. the company doesnt like releasing constant updates, dunno whether its a good things or not. even with the current ann its prob nothing new, bt js a progress report.

 

[Mozart56]

there has also been capping at the 50c range today, one was 200k share cap, another one around 120k shares, looks like someone is accumulating. the company doesnt like releasing constant updates, dunno whether its a good things or not. even with the current ann its prob nothing new, bt js a progress report.

In my eyes the announcement is all very positive. Rome wasn't built in a day, and with YML Rome could very well be the outcome. I was very interested to read that Marillana was mentioned before CB in the announce.. my first reaction was "Oh $#@" CB must be off so they weighted the news to good first, bad second! But it was very typical YML, no blue sky statements, just cold hard facts.. I think this is what encourages to me to be a long-term player.

They've stopped short of estimating NPV's on CB, but anyone care to speculate on what it might deliver later this year should Ni remain above $40k/T? My back of envelope suggests $90M+ With the market cap still hovering around $30M one would think that would bode well for SP propsectivity? What is missing are the production, transport and processing costs. Anyone with experience here? YT are you there?

 

[toc_bat]

hi all

well im no expert, some of you may already know this, and since having taken up a full time job have devoted less time to the market, i probably have not read all of YMLs anns very carefully in the last few months, but this latest one i have, it clearly states that 'The mining proposal is in the final stages of preparation and is expected to be lodged with the DoIR within the next two weeks'.

Somebody correct me please but has YML ever said this before? It seems like they have the intention to go ahead with mining if they are lodging a proposal with the DoIR, so good news to me. Perhaps the stuff about acceptable off-take agreements is simply saying the final nitty grtitty needs to be nutted out, but why even bother making off-take agreements if you aren't preparing a proposal for the DoIR.

good night all

 

[KIWIKARLOS]

the actual value to the company is not that significant:

Take the open pit..
1120 tonnes at say $40 000 per tonne = $44 800 000
YML can earn 51% = $22 848 000
I had a look at some other open pit nickel mines and they were significantly larger than YML (so economy of scale much better) and their cost per tonne was about 70% of the total nickel value (to produce pure nickel from dirt). So say 80% of YML nickel value for mining and associated activities.

20% of $22 848 000 = $ 4 569 000 and thats before tax and dont forget YML had to spend over 3 mill to earn that

I suspect the underground section would have significantly higher mining costs ? Some one please tell me if the assumed 80% cost is too high.

 

[rico01]

the actual value to the company is not that significant:

Take the open pit..
1120 tonnes at say $40 000 per tonne = $44 800 000
YML can earn 51% = $22 848 000

I've been studying it too and came to the the same conclusion. I guess they [the directors] also are planing for the marillana to be bigger & better to put them through to retirement. There's lotsa deals that seem to be going on in that end of town.

 

[KIWIKARLOS]

Stage 2 underground say 6100 tonnes at $40 000 per tonne

= $244 000 000 x 51%

= $122 000 000 at say 85% cost efficiency (i have no idea of cost of underground mining i just assume that it is higher than open pit)

= $18 300 000

Thats better but still equals less than their current market cap .

 

[UPKA]

I had a look at some other open pit nickel mines and they were significantly larger than YML (so economy of scale much better) and their cost per tonne was about 70% of the total nickel value (to produce pure nickel from dirt). So say 80% of YML nickel value for mining and associated activities.

although the open pit resource isnt great, bt there r greater value going under ground. there is an old mine shaft from the previous development, so it wouldnt cost much to start it up again. I think the directors have made a wise decision to develope this project first, although small, be its in an advance stage of development, which will generate steady cash flow once kicked off.

Marillana will most likely to be bought by one of the big boys around the area, so i certainly hope YML keeps on looking for new projects.