YML - Yilgarn Mining

mick2006 · 19 December 2006

Have a look at how the market reacted to umc's announcement in regards to iron ore discovery, umc's tenements have a similar feel to that of yilgarns right in the middle of all the mining giants. UMC up 30% today

Remember yml to release iron ore drill results for Marillana in early January, we already know the ore is there it just depends how much.

I have just recently topped up at an average of .19 cents, will be interesting to see how the market reacts when the results are released

Anyone have anythoughts regarding the differences between the two stocks?

YOUNG_TRADER · 20 December 2006

I thought I'd bump up the fundamental analysis I did on YML to remind everyone that we can expect a very active January for YML,

In addition to Marilliana Iron Ore results (which unlike UMC Mick) have already been established as roughly 60%Fe over 10km Strike with 500m width and a 60 thickness, (and we're waiting on drill results Mick for YML not surface samples like UMC and JMS)

We can also expect a scoping study on the Carr-Boyd JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable project

Lets see what the new year brings shall we

YOUNG_TRADER said:
Here is what I reckon will be the next JMS

This is not a buy recommendation, all I can say is what I saw with JMS I see hear with YML except I honestly believe management are better at YML, projects are better at YML and Cash in Bank situation is obviously better at YML

YML

Yilgarn Mining

Shares: 60m + 20m 25c 30/6/07 opies

@ 18c Fully Dilluted Mkt Cap = $10m

Has $4.5m in the Bank so no need for funds anytime soon

So your paying $6m for the following projects

Projects

1. Rose Dam
Used this Gold project to generate $6.6m in cash, good cash cow and shows management knows how to get a project going

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!

3. Carr-Boyd
YML earning 51% from TIR (Now part of CSM Cons-Min) can earn up to 90%

JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable!

Using an EV of $5 lb Nickel and $2 lb Cu this first pass JORC gives the deposit an In Ground Value of over $150m

4. Marillana
This project is the SPEC KILLER!

Its an Iron Ore tennement 2kms west of the Brockman Deposit (225Mt@ 60% Fe)

Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 500m - 750m and thickness of the Iron Ore is 60m

But Hamersley walked away from it 20years ago becasue the deposit is not at surface

Its covered by 50m of top soil which is bad, but given current Iron Ore prices and the Sheer location of the deposit!

Have a look at the presentations its surrounded by BHP, RIO, FMG and Hancock Mining!

Now this is Elephant Ground

This will be JMS all over again

First Pass drilling has been completed at Marillana so assays should be out soon!

These drill assays need only confirm the grades achieved by Hamersley (58%-62%Fe) and we should have a JORC soon, although it will only cover 1km of the 10km strike

Summary: Tiny mkt cap, off the radar of the mkt, good long term Nickel Projects with good JV partners MRE and CSM, Huge Spec appeal from Iron Ore Grounds

Enjoy!

noirua · 20 December 2006

Interesting now as the price trickles downward to 18.5 cents. Still wonder why Hamersley abandoned their Iron Ore tenements? HOPEFULLY YML have made a great buy here, however, maybe not. I thought Hamersley left this tenement around 2000.

Getting to be worth a gamble this one.

mick2006 · 22 December 2006

Looks like YML is drifting waiting for news from Marillana, just read on bloomberg that Baosteel has agreed a 9.5% increase in iron ore prices.

Should be good news for YML when it releases its drill results

Does any one think it is worth topping up at 18c or hang on a little longer and possible pick it up a bit lower before the market wakes up to its true value?

simplesimon · 22 December 2006

Im thinking of buying into this one myself hoping to pick it up a bit cheaper than 17.5c just Ill wait a little longer. I hope I am not making the wrong decision though. Goodluck with this one guys. Looks reasonable

shinobi346 · 24 December 2006

I jumped in at 18c last week. It may now resume moving upwards.

mick2006 · 27 December 2006

looks like a little bit of interest today, I guess people are starting to build up positions before the announcements early in the new year. The iron ore price settlement announced today by Rio Tinto will also help shift focus on Iron Ore producers and explorers, hopefully the drilling reveals all that we hope for.

So who out there is holding this one?

YOUNG_TRADER · 27 December 2006

Yeah saw that Mick,

It is one large order of 500k, thats large for this company but in the scheme of things is only a $100k order so not that big,

Smart though, accumulating now when alls quiet on the YML front

Should add though its still in the 18c support to 23c resistance range/band

Jay-684 · 27 December 2006

mick2006 said:
So who out there is holding this one?

Only a small parcel though

if I had more cash though I'd get more

nizar · 27 December 2006

YOUNG_TRADER said:
It is one large order of 500k, thats large for this company but in the scheme of things is only a $100k order so not that big,

mick2006 · 27 December 2006

hopefully when the drill results are announced it will pop up on the radar screens of a few more investors, similar to what happened to UMC, ever since the rock chip samples were released everyone in the market has become more familar with it and in turn volume has increased.

Also if the drill results are even half decent the majors BHP, RIO, HANCOCK, FMG would also be alerted to the proximity of the Marillana deposit to existing infrastructure.

greggy · 27 December 2006

nizar said:

A $100,000 order is big for a small stock. I've only ever placed 2 $100,000 trades and that's over 27 yrs trading. I like YML and feels its got tremendous potential as kindly highlighted by YT.
DYOR

mick2006 · 27 December 2006

with the japanese steel mills signing on for an 9.5% increase in iron ore prices today, a lot of the smaller iron ore producers and explorers had a good day on the market today, hopefully when YML release their drill results the market will jump all over this one.

Not much resistance between 20c and 25c only 169,000 shares available, looks like a few of us on the ASF are positioning ourselves for the upcoming announcement.

I already hold a nice handy stash and am looking on topping up before the end of trade this week, do you guys think it will dip back below 20c or is it a worthwhile move just taking whats available now?

YOUNG_TRADER · 28 December 2006

Mick its previous trading range was 13-18c,

However once I posted up the fundamentals on this thread, it clearly broke out above the 18c resistance level and entered a new range band which as I have already stated is 18c - 23c once it breaks this current range is next should be 23c - 27c After that its all Blue Sky!

I find it useful to use trading ranges to know if I'm buying at the top or at the bottom of a range,

So if current range is 18c - 23c then buying around 20c is a little below the half way point of current band,

Remember though this is a tiny stock that appears to be tightly held so 1 good ann and it could break up to say 30c

Hope this helps

greggy · 29 December 2006

YOUNG_TRADER said:
Mick its previous trading range was 13-18c,

However once I posted up the fundamentals on this thread, it clearly broke out above the 18c resistance level and entered a new range band which as I have already stated is 18c - 23c once it breaks this current range is next should be 23c - 27c After that its all Blue Sky!

I find it useful to use trading ranges to know if I'm buying at the top or at the bottom of a range,

So if current range is 18c - 23c then buying around 20c is a little below the half way point of current band,

Remember though this is a tiny stock that appears to be tightly held so 1 good ann and it could break up to say 30c

Hope this helps

Keeping a close eye. Might buy some today. YML is cahed up and if the fundamentals look very interesting indeed. Good management as well.
DYOR

mick2006 · 29 December 2006

if you want to get some greggy dont wait too long not much left on the sell side except for one large order at .35, the announcement from the Marillana deposit is expected any time after tuesday being the new year. When released hopefully it will go on a run similar to JMS as Young Trader pointed out the fundamentals of YML could see it overtake JMS in terms of the fact it has better projects and good joint venture partners in MRE and CSM.

greggy · 29 December 2006

mick2006 said:
if you want to get some greggy dont wait too long not much left on the sell side except for one large order at .35, the announcement from the Marillana deposit is expected any time after tuesday being the new year. When released hopefully it will go on a run similar to JMS as Young Trader pointed out the fundamentals of YML could see it overtake JMS in terms of the fact it has better projects and good joint venture partners in MRE and CSM.

Sales now at 23c. Got some. Should the results be promising, this stock could do very well indeed. Iron ore stocks are doing very well.
DYOR

kransky · 29 December 2006

in at 22c

greggy · 29 December 2006

kransky said:
in at 22c

Welcome aboard. This stock looks terribly undervalued and overlooked. Thanks for the tip YT. Having sold my GSE, my money was looking for a new home.
DYOR

mick2006 · 29 December 2006

good to hear you got in greggy, taking umc as a guide as how an iron ore stock can move after an announcement, hopefully the Marillana drill results will put YML on the map.

Check out the increase in daily volume for UMC after there rock chip samples were announced, it may be a good guide as to how YML may react after there drilling results is released.

YML - Yilgarn Mining

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