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YML - Yilgarn Mining

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YT,

Thanks for the recalculation of Marillana. It's a little less than the original guesstimates but there's still potential for more.

Looking at the AGM presentations and the update YML sent to the ASX in mid December, Hamersley Iron assessed that small triangular area that borders BHP's tenement on one side and land set aside for a future railway line on the other. Judging by the overall size of the tenement, this area appears to only represent about 5% of the total. So a guesstimated 224million tonnes from about 5% of the tenement isn't too bad.

In the December letter to the ASX, YML indicated they are looking to drill in the zone set aside for the future railway as they have entitlement to any mineral within it. This area has not been previously assessed for mineral and given that this railway zone is right up against and runs the full length of the 'confirmed' 10km strike, it's a pretty good chance that the 350metre average width will be wider. Well, based on the way I'm interpreting the maps.

It will be interesting to see how much ore YML propose to extract each year. They might be limited to 10 or 11 million tonnes given the amount of dirt that they need to move to get at the ore. Still, this gives the mine a working life of at least 20 years.
 
Buyers jumping on board YML this morning on a red day

Looks like an ann is coming

Up 10% so far

Correction 15%
 
I'm not sure if it is the impending ann or just YT's analysis getting out there and stirring interest!!
 
YOUNG_TRADER said:
Buyers jumping on board YML this morning on a red day

Looks like an ann is coming

Up 10% so far

Correction 15%
Click to expand...
Sure it's not just ASF buying it again YT? LOL.

There's actually some options to buy this morning too. Surprised you have snapped them up. Only a 30% spread.

Is there an actually due?
 
Kipp said:
YT, why have you used $2.50/lb Nickel at Irwin Hills ad $5/lb at Carr Boyd? Are you basing that on the increasing processing costs with the Chloride factor in?
Click to expand...

Yep, as well as the fact the MRE will screw YML over the price it recieves due to the fact that MRE own the Murrin Murrin Plant and the YML/MRE resource is stranded without it
 
Snakey said:
keep up the ramping guys ....I hold
Click to expand...

Are you blind snake?

YML has risen 15%, will obviously settle back but the fact it has risen on volume of nearly 400k is very interesting, considering

1. Avg volume is about 200k over past month (about 400k past week)

2. Today is a red day for resources



I'm not sure where the buying is coming from, I would have thought alll ASF peeps who liked the story were in around 16c - 22c

Anyway Snake if you consider my posts ramps, please feel free to post some proper fundamental analysis

I'd love to read it
 
YT, would do a chart for you but Bigcharts doesn't recognise YML for some reason. Sorry.
 

actually yt i think your posts and maybe one other on this stock to be good and fair analysis and dont consider your posts ramps...hence one of the reasons I hold medium to long term. I myself do not ramp and call it how I see it....holding or not.
but i am happy for others to ramp stocks i hold
 
hmmmm, annoyed at myself that I didnt get more @ 20c yesterday!

This is going towards the '99 3.2 Estoril Blue M3 I want YT!
 
Buy depth increased significantly since last week.
Your analysis has certainly helped a lot of people see the value here Young Trader - thanks.

Now - bring on that ann!
 
No worries guys, I hope this all makes us a ton!


Good luck Jay, keep at it and you'll get there


Thought I should let everyone know that I copied my fundamental analysis and posted it on NZ Stock Forums as well just before, only because someone started a thread today that didn't have much info in it

Have also forwarded my analysis to a few brokers and analysts today to get their feed back,

So far still in 18-23c range

Needs to really break 23c

Then its 23c- 27c

Then 27c - Blue Sky
 
YOUNG_TRADER said:
Needs to really break 23c

Then its 23c- 27c

Then 27c - Blue Sky
Click to expand...
Anyone with access to market depth info care to share? or is this based on said info YT??

m.
 
Buys:
No. Volume Price

2 43,653 0.23
1 38,000 0.225
7 286,636 0.22
2 27,000 0.215
3 29,000 0.21
1 24,000 0.205
3 94,466 0.20
1 70,000 0.195
1 10,000 0.19
2 30,500 0.185
3 197,000 0.18
1 30,000 0.17
3 43,200 0.165
2 70,565 0.16
2 160,000 0.15
1 50,000 0.145
1 30,000 0.10


Sells:
Price Volume No.

0.235 2,139 1
0.24 69,000 3
0.25 38,000 3
0.265 28,000 1
0.27 30,000 1
0.30 75,000 1
0.32 5,000 1
0.35 1,236,900 1
 
well - 27 cents has just been touched. Should be an interesting close today.

edit - Correction it just got eaten!
 
Well given todays volume I'd say I'm confident that 23c level has been broken

Which means were in a new trading range being

23c - 27c


That is really positive as if the stock is @ or near the 27c Blue Sky Level when the ann comes out traders will go nuts with the stock as they love it when stocks are at or near All time highs and a very positive ann comes out


But I still don't know what to make of today's frenzied buying, notice EB is over on HC giving it a good wrap and as I said I did post my analysis up on NZ Stock forums Have also forwarded my analysis to a few brokers and analysts today to get their feed back
 
What a ride - and going by YT's figures, this is only the beginning.
Wonder how far away the first assays are. Be good to see it run for a few more days first.
 
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