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YAM 0.0¢

asset backing value

  1. Gryphon1

    2,755 Posts.
    Been doing a few sums on YAM. With thier holdings in PRR - $1.3m worth, First AU, $400,000 worth, and De Grey $640,000 worth (values based at current market prices)plus recent placements this totals up to close to $3.0 million in saleable & liquid assets alone. This figure is arrived at without putting any values on known and inferred resources in-ground. Surely with the way the gold sector is looking YAM would have to be soooo undervalued at a market cap of $3.8 million. With the gearing offered by the investments in First Au and De Grey and thier partnerships with Asarco @Yamarna(20%) and Jackson Gold @ Claypan (20%) YAM should be trading alot higher than 1.1 cent on 380 million shares. Thoughts please from other Gold bugs.

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