advanced iron ore small cap

Missed this one until now.......tempted to throw it up on the UMC board, where myself and other investors have had alot of recent success. UMC is another exciting small cap iron ore play.

Not really fair to do that....although many similarities here with UMC.

Anyway, YML are currently conducting 40 infill drill holes to prove up a resource of at least 30 mt of 58% plus fe. Fully diluted market cap of $67 million, but they have $6.5 milion cash.

Their tenements are in Pilbara heartland....about 60 klms north of Mining Area C. BHP railline running through their property, RIO next door and 35 klms south of FMG.

6 other hot looking gravity targets, being scout tested now.....from air surveys which have apparently not been drilled to any degree.

But JORC 30 mt means they can J/V their iron ore project, and get things going. Puts them ahead of virtually all the small cap iron ore companies.

Also will have all Government approvals in Sept....to allow them (if studies prove OK) - to conduct a 7 month nickel/copper project campaign ($65 million in revenue - half is theirs - no typing mistake). Then a Then 6500 tonne nickel and copper project will/may commence....on land they 51% own near Kalgoorlie.

It will go up a lot, I think. They have just poached a crack new senior iron ore manager from BHP - his job was to role out iron ore production and insfracture in WA.

Research it for yourself.