However, they need to get it to a port, yes the inground value is very very cheap and i clearly beleive has been over sold which lets some enter in again at a discount.
But the step to a producer is a massive step from where they are, so close yet so far is the way the market see's it, when and if an agreement is made, YML will be of to the moon, i think YML will go straight to $5, talks are currently in progress, how long for and at what stage are these talks at, i have EXTREME confidence in Wayne Richards to get a deal together, management is everything and i beleive YML have the best man at the wheel..
I also think that YML will be one of the few that deliver the goods, BHP wantto expand production and what better way to do it with a bolt on adittion like YML, the bloody train line is a stone throw away..
It makes sense to me, but we shall have to wait and see.
YML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held