whats next 40cent trf...that what iwant...yml , page-3

By ALL means, PLEASE do your own research

Im not about ramping but your knowledgeable thoughts would be great.


Hears a brief rundown however:

Major Projects:

Carr-Boyd: Nickel:
- in-ground-value: $560mn
- a pre-feasability was due out end-of-may
so due anytime
- should start production in next 3 months;
life of mine...prob 2yrs to get all nickel out

Based on current spot rates, im expect a 40-50% NPV
- 40% NPV margin = 0.40*560 = $224mn

But Real killer is IRO ORE:

Project: Marillana; location - Yilgarn region of WA; NEIGBOURS bhp, rio, fmg

At moment -> 30mn tonnes grading 58%

But plenty of potential for upside up to 60-75mn tonnes

lets go with 30mn tonnes:

independent study recently said cost of exctraction = $7.60

spot prices = $70
[and i expect 10% increments in spot prices over next 3yrs]

So, lets go with $70; $7.60 and other expense = $30 or for rounding -> $32.40

Therefore margin @ 30mn tonnes only = $30 tonnes

30mn tonnes *$30 = $900mn

But, this could easily be 60mn tonnes*$40 = $2.4bn


Important Points:

Carr-Boyd will ensure strong cashflow thus reducing need to raise addilitional cash from market in future = NO DILUTION

MNGMT EXCELLENT - MD=David Burt = Former WMC senior executive


ALL UP not bad for a $24-30mn MKT CAP company

But a warn you...its the most tightly held stock ive ever being involved in
Its very, very hard to accumulate a position

So, DO YOUR RESEARCH


ANYTHING ELSE APART FROM YML OUT THERE GUYS..............??????????