I seem to be psoting to myself on this thread - so the EV /t($A) is 1.88 for YML - I'm pretty sure this is based on the 40 million tonne probable JORC resource figure.
And the weighted average EV /t($A) for Iron Ore Juniors in 18.00....and yes some of these are more progressed thatn YML, thus they should have a higher EV - but it highlights what is onver the horizon
Furthermore So, what does this say about YML's potential valuation if they are able to get a 100mt+ resource defined next year???
These sorts of numbers can trouble your sleep. Yes this rise has been vertical - The "TA 101" crew has seen the spike and giving us their wisdom. If you think this is then end of the yml story, you have not done enough research even if there is a pullback...all I can suggest people do some more.
IF you stick with the numbers suggest this has a long, long way to go.....& this is even ebfore you condsider yml's strategically advantageous location etc.etc.etc.
A stock like this does not come along too often -
YML
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