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I agree with your summation of YML. I've been on this one since December primarily because of the potential of Marillana. Their joint venture with MRE in the Irwin Coglia nickel/cobalt is also potentially a huge earner. YML's share of the JORC compliant resources is about 80,000 tonnes(172,000,000 pounds) Nickel and 9,000 tonnes (19,800,000 pounds) cobalt. Not sure how much will be produced per year, but say it is 4,000 tonnes Nickel and 450 tonnes cobalt at net of $6000AUD tonne for Nickel and $12000AUD tonne cobalt, gives about $29.4 million per year. This alone would make YML's share price about $6 (using 15 times value). Only problem has been high salinity levels in the resource so it's unsuitable for High Pressure Acid Leach at Murrin Murrin. However, recently reported that Minara is moving away from HPAL and going to cheaper heap leach process. Currently trialling heap leaching (according to Minara's website). If confirms can extract the nickel and cobalt effectively, I can't see why Irwin Coglia won't start to be mined sometime soon, thus generating income for YML possibly before Marillana comes on stream.