This should be a clear multi-bagger for the upcomming financial years
For what its worth, this is one of my - if not my - top pick [probably on par with FWL]
I think iron ore will continue to be the dominant focus of the markets and China/Japan/South Korea/India (though India use a lot of their own)
YML will be making real $$$'s in the nnext hlf-year and those funds will go a LONG, LONG way to funding infrastructure and mining necessary to extract the ore out of the Marillana deposit
Some time soon or some time in the next 3-6 months, an off-take agreement with a Chinese partner or BHP [as right next to BHP infrastructure and BHP mines] will be announced.
This is soooo tightly held. Its one you get, hold, and sit on.
Very genuinely looking forward to a very, very profitable 2007/08.
Price target: $2.25-$2.50 [by 30/06/08]
YML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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