Agree Gibba$4 would be the bottom of the barrel for a valuation,...

Agree Gibba

$4 would be the bottom of the barrel for a valuation, between 4 and $10 is what you would shoot for, depending the stage of development is, then through the exploration upside into the eqaution, also absolutely no value in place if YML were to strike a deal with one of the majors to get rail access.

I was closely watching UMC yesterday to see what would happen, classic case of big selling on the news, there is i beleive a huge difference between YML and UMC, im sure many UMC holders will argue that point,

YML in my mind is cleary ahead of UMC, YML has engaged the scoping study, already in talks with one or 2 of the majors.

Yesterdays retrace was probably a good thing over the long term, alot of traders were flushed out and i really like the dead wood cleared of the register.