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43.5 M tons@ $5 a ton inground=$217.5M72M shares= $3.02 per...

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    43.5 M tons@ $5 a ton inground=$217.5M

    72M shares

    = $3.02 per share

    + Pattersons valuation of 40c per share for nickel alone

    = $3.42 per share

    + upside to 100Mt potential??

    + upside to more realistic valuation per ton....say, $10.

    YML EV/Resource (A$/t) estimate
    ¡Ö1.98
    EV/Resource (A$/t) WtdAv. (Iron ore juniors)
    ¡Ö18.00

    Current value $3.50+

    Future value $7 to $10.

    Why would anyone sell now that this JORC is confirmed?


 
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