A useful post! :) Click here.
Spoke to CEO today - advised that First Nations also signed the agreement already approved by the Yukon Govt. Now the Yukon minister's formal final signature is days away. Also, Excelsior has three financing alternatives lined up - waiting for selection by CEO's team. Yukon Gold & Minerals has packaged up its new estimate on capital requirements and reserves, etc. along with the three alternatives. A decision which way to go expected by early next week, or sooner - then a news release will be made.
Finally, the reason precious metals tanked early next week was the inflation figures (the official ones, anyway) released at that time, showed it was well under control. So the metals zigged downwards.
On the other hand, the 60 MM oz. of silver which was dumped on the market in January this year is within 7 MM oz. away from being gone, which would leave the 152+ MM oz. in inventories the lowest in the last 12 years. On the other hand, demand continues to increase, as it does for gold as well.
It's a rough time on the markets for mining companies in general these days - look at Falconbridge (FL-t), Inco (N-t), Placer Dome (PDG-t), picl ANY of them ... only Breakwater (BWR-t), which is largely into zinc, continues to run counter, but then, that's what UKH/NDU will be mining.
'nuff said for now. Hope this helped!
Harry K.
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