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Les Ressources Yorbeau Inc T.YRB

Alternate Symbol(s):  YRBAF

Yorbeau Resources Inc. is a Canada-based company. The Company is involved in gold and base metal exploration in Quebec, Canada. The Company’s focus is on seeking a partner to further explore and develop its Scott Lake zinc copper deposit near Chibougamau Quebec. It also intends to focus on continuing exploration on its well-located properties in the Detour, Joutel and Selbaie region of northwestern Quebec. These properties include the Beschefer property which is adjacent to the B26 base metal deposit and the Selbaie West property. The Scott Lake property is located approximately 20 km southwest of the city of Chibougamau. Its Beschefer property is located about 140 km northwest of LaSarre and 190 km west of Matagami. Its Selbaie West property is located about eight km west of the former Selbaie mine. Its other properties include Allard, Lemoine, Estrades-Caribou, Landrienne, Castagnier, Joutel-Explo Zinc, and Gemini-Turgeon. The Allard property is located about 175 km north of Amos.


TSX:YRB - Post by User

Bullboard Posts
Comment by bpaton May 29, 2006 9:59pm
111 Views
Post# 10919110

RE: MAJOR IMPACT FOR Yorbeau if...

RE: MAJOR IMPACT FOR Yorbeau if...I don't think we should be comparing Aurizon with yrb yet. I was looking at the Aurizon web site and they are close to producing gold. They have a few million in known deposits and a developed property, they're share price was already close to 3 dollars before the takeover bid. Let's be realistic about yrb, reading some previous posts, we're hoping for some huge discovery and the share price skyrocketing to x dollars, we've read about "good news to come" etc. Well it hasn't come yet and it'll be awhile till we get anymore news I think. I'm going to keep my position because it's not too large and I'm a gambler. What I'm hoping to hear is that yrb has found an economical deposit, this should boost the price a bit, but then they have to develop the property. More shares issued, price probably goes down. Eventually we get close to production, price goes up and probability of takeovers increases. How much time will all this take? How much money will be left for drilling after the 500k drainage program? What happens if this property is a bust? It'll be interesting, but I wouldn't put too much hope in a "huge" find and skyrocketing price, those are rare. I thought Bodner's letter sounded more like a sales pitch then it did a letter to shareholders. Let's hope we find something after the water's gone, my only hope is that Bodner is fairly certain something is there otherwise he wouldn't blow so much money on a blind gamble. How do you guys feel about this stock now, thinking of selling a bit, maybe make a little profit, or are you still buying more???? Good Luck All.
Bullboard Posts