oralandoI was just going over the YML website and dragged up an...

oralando

I was just going over the YML website and dragged up an investor presentation dated 15th October, "On The Move"

In this presention on about page 5 or 6 it gives a lay out of the share registry, what i noted of significance was the way that the presentation valued the inground resource which i posted on earlier, i used an inground value of $5 per tonne, at the time of the report YML's value was at $1.98 per tonne.

The report suggested that a value of EV/Resource(A$/T)WTD AV.(Iron Ore Junior's) $18.00

Do the math on $18 and the SP starts to get a little bit dizzy, whats your thoughts on this formula in this report? i have heard of somewhere between $5 and $20 from peers. Sticking to a $5 value seems to be ultra conservative, $2.71 currently.