YML unknown

I'm not sure about capping, but it appears obvious to me that...

  1. 9,438 Posts.
    I'm not sure about capping, but it appears obvious to me that the fundamentals on this one appear to have escaped the market - or is the market right here?

    FRS sitting on 28MT - market cap $70M+ with none of the upside of YML's location ($10M cash at bank)

    with YML about to JORC 40MT its market cap is $45M (excluding unexercised options) ($5M cash at bank)

    One of these is over valued or undervalued - which is it?
 
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Currently unlisted public company.

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