if any body is looking to top up or purchase their first block of shares in YML,hers's some news from the co' presentation
there's a nice block of 100k shares that i know wont last long.....will look cheap in coming weeks and mths
Initial Resource Estimate:
+30million tonnes in North-West Sector being confirmed (mineralisation open to north)
��Average mineralisation thickness: 16 –18 m
��Further ‘infill’and extension drilling progressing in Q4 CY07 -to potentially upgrade the initial JORC compliant resource -scheduled for release in October
��Strip ratios of approximately 4:1 (overburden : ore)
��Significant Iron Ore Resource potential
��Existing road and rail infrastructure within/near Project
��Potential ‘third party’infrastructure access agreements being discussed
��Scoping Study commenced
��Strong international interest in Company & product
��High calibre Board and Management Team
��100% ownership of all iron ore tenements including Marillana
��Project to be ‘fast-tracked’
��Strong financial position with possible divestment on non-core assets
��Strong global demand for iron ore and positive sales price expectations for forthcoming year(s)
YML
unknown
