Including the options, YML has a fully diluted market of less than $60 million.
The management ability and capacity has been well disclosed.......and they have the supportive drill results. Accordingly it is likely/believable they will prove up 100MT of direct shipping 64%FE yandi fines, type iron ore from this ONE section of their lease.
Already in the mind of YML management, I am sure they have scoped possible future production.
Can I suggest what that might be:
Railway line to FMG's Cloudbreak rail .....and development of annual iron ore production of 10MTPA
Upfront capital expenditure of $350 million - annual nett profits of $300 million PA. Use of Port Headland facilities and FMG's rail network caps the profits to these levels.
NPV over $1 billion......and as I say present market cap $58 million. Outstanding opportunity here......but probably right now in the minds of management of MGX and PMM. plus a number of other diverfied mid-cap companies.
Could go on and on about drawing comparisions with other mining companies......100MT of iron ore or $6 billion in ground worth.
YML
unknown
