If above 90c can be held today, a new level has been reached. Will drilling forthcoming, a YML rise up to $1.50 is highly probably.
And why not?
They have 430mt+ of high grade haemitie ore.
Assigning a highle conservative profit margin value of $10per tonne, they come out with a gross profit of 430mt*/$100 = $4.3BILLION DOLLARS
Using $30pt (far more realistic), 430mt*$30 = $12.90BILLION DOLLARS
They are located in arguably the best iron ore grounds in the WORLD.
I know the chart is daunting, but i have recently bought in after following the stock very very closely for a week of two. It AINT retracing. It has had ample opportunity to and it aint going nowhere.
With:
a) Upcoming drilling - real drilling; not surface samples (lol)
b) Fed rate cut - a 50bp cut will bow the markets away
c) Iron Ore price negotiations soon to be finalised (I expect a 50% increase - and a 50% increase is 20% above market consensus - all the solid, quality FE stocks will run, this being the most qulatity under $200mn mkt cap)
So, DYOR and have a long look. Everyone is buying on the dips so youll have lots of competition.
No other stock here has this much potential. They could be the next MMX. 430mt+ of haemitite!!!
Cheers!
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $37.66M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.0¢ | $40.21K | 205.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22700 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 2541 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22700 | 0.190 |
6 | 38408 | 0.185 |
5 | 160001 | 0.180 |
1 | 30000 | 0.175 |
2 | 33500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 2541 | 1 |
0.205 | 12000 | 1 |
0.215 | 60000 | 2 |
0.235 | 16328 | 3 |
0.240 | 40000 | 1 |
Last trade - 13.32pm 23/08/2024 (20 minute delay) ? |
TLM (ASX) Chart |
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