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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YML
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I'm not sure about capping, but it appears obvious to me that...
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
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