Prospects for the company just look fantastic......going to consolidate in this trading range for a little bit longer. Likely then to have one of those periods of big daily gap ups......easy $2 prior to Xmas.
It does not matter that the shareprice fails to go up every single day....we have seen many times - give it a period of a month or so and investors achieve big percentage rewards.
This company is the only iron ore exploration company (with proven significant direct shipping deposits) adjoining insfracture right now. (They have a direct shipping grade JORC.......and near certain rail and port facilities to get their product to customers eg FMG).
Fully diluted market cap of just $105 million.....standout here.
Near impossible for all investors to have detailed technical iron ore experince/background.....takes time and effort to learn.
Similiar very bullish calls hear ,when the stock was 40 cents in August, have seen it gain most percentage wise than other iron ore exploration companies. Great thing is though....despite dramactic shareprice rise - its only capped at $105 million. In ground value of their JORC is $3 billion....so shareprice/marketcap has hardly moved as a percentage or reflection of NPV or PE's (inground value - whatever you like to value it).
YML
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