short term price target 0.80 to 1.00

The recent interest in this stock should see it start to approach fair value.

A comparison to some other companies is interesting. IOH and Ferraus are both iron ore focused companies so make a good comparison for YML's iron ore assets.

IOH
8.3mt at 58% (widths between 1m and 16m. Located close to BHP railway). Strip ratio relatively high.
Low-medium potential on other tenements.

Market Cap: $60m

Ferraus

24mt at 58% (target 50mt) (100km SE of Newman)

Market Cap: $60m

YML

30mt at 58% Fe (located right next to BHP railway). Low strip ratio.

It is arguable that the economics of YML's deposit stacks up much better due to location/strip ratio etc.

Potential?
In my opinion YML's tenements have huge potential – much more than both IOH and Ferraus – not just at Marillana where they could easily have a conceptual target of over 100mt, but at their other tenements in the region and also around Newman most of which were picked up before the current boom.

Market cap: $27m

Based on the iron ore alone and a comparative analysis YML should be 'at least' double its current value. Based on potential it should be more than double. Given the renewed interest in this stock - this rerating 'should' happen in the short term.

And that isn't taking into account YML's nickel assets either.

YML also have a lot of ground elsewhere covering mineral sands and other nickel targets. However good to see David Burt is focused on generating cash flow as that will ensure the long-term success of YML and avoid further dilution for shareholders.

A good stock for the investors among us.