Without bothering to look at CUL, the facts for Yilgarn are what is important on this thread. YT brought this stock to many people's attention in late December when it was about 18 cents.
Each needs to use their own judgement and research when deciding whether to buy. YML has a preliminary resource estimate of at least 30Million tonnes at 58%. Once they get JORC compliance in the next month or two, this at minimum 30Million tonnes should have a discounted in ground value of about $120 million ie. $4 per tonne. Divide that by the fully diluted 82 million shares and you're looking at a share price of about $1.46.
This does not even take into consideration the remaining iron mineralisation at Marillana nor the potential value that YML has in its 7 other iron ore tenements near Newman or the nickel resources it is a has joint venturer in.
So does it sound that YT has ramped this stock beyond its value? Nope, and its particularly even better value once they actually starting digging up and selling the ore.
You're way off the mark on this one, but I do suggest that you raise your concerns on the CUL thread.
YML
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