YML has a market cap of around $9, with $.5m in the bank.In the...

YML has a market cap of around $9, with $.5m in the bank.

In the next couple of months they will have received $6m -- maybe $7m cashflow profit from their minedout gold deposit.

That gives the company an enterprise value of around $1.5m - $2m.

Not much, considering their exciting high-grade laterite nickel joint venture with MRE just 120 km from the Murrin Murrin treatment plant.

If the nickel price keeps recovering, this prospect will get even more exciting. nickel is already up about 10% this week.

Can anyone think of a better bargain for just a couple of million dollars?

Cheers Anne