Thanks for the update Dave,
But I will not spend those prized doublooms until the magic multiple is breached. I thought maybe yesterday and then today but to no avail.. YNG just can't hold it's gains but many others can't either.. If something spurts, the mo players will take their nickle and run..
I seen this today..
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Yukon-Nevada Gold Corp. resumes gold production at Jerritt Canyon, Nevada
Press Release
Source: Yukon-Nevada Gold Corp.
On 8:30 am EDT, Tuesday October 20, 2009
Buzz up! 0 Print.VANCOUVER, Oct. 20 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce that it has recommenced processing ore and gold production at its Jerritt Canyon facility 50 miles from Elko, Nevada. Jerritt Canyon is owned and operated by Queenstake Resources U.S.A. Ltd. ("Queenstake"), a wholly owned subsidiary of Yukon-Nevada Gold Corp. ("YNG" or the "Company"). The Consent Decree was entered into the Elko District Court, October 15, 2009, thus setting its effective date and allowing for the restart of the milling facility
The first gold pour was attended by the Chief Operating Officer (COO) of YNG, Graham Dickson, Scott Alcorn the Process Superintendent, Craig Martinez the Electrical Superintendent and Pablo Cortez the Information Technology Manager. Present also were the following representatives of YNG; Randy Hassen, Ruston Hebdon, Dave Hoegger, Mathew Jones, Mike McGhee Sr., Mike McGhee Jr., Jeremiah Walters, Jeannie Butterfield and from the Elko Daily Free Press, Adella Harding.
COO Graham Dickson was happy to see the successful culmination of a great deal of effort and hard work expended by the employees of YNG. Mr. Dickson said, "We can now concentrate on our plans to keep the property in compliance, restart mining at Jerritt Canyon at both the Smith and SSX mine and to make further advance towards profitable production at Ketza River in the Yukon Territory.
Ongoing permitting at Starvation Canyon, Nevada will allow the Company, in the future, to realize an increase in the production of gold ounces at Jerritt Canyon."
As previously stated in the October 14, 2009 news release; by milling a combination of available stock piles and recommencing mining activity, the Company is targeting a total production of 150,000 ounces of gold in the first full year of production at a cash cost of US$465 per ounce after re-start of operations and after the mill establishes steady state operation.
The Company is also pleased to announce the appointment to the Board of Directors of Jean-Edgar Trentinian, Terry Eisenman and Simon Solomonidis. Peter Holbek, M.Sc., P.Geo., RJ (Don) MacDonald, CA and Neil J.F. Steenberg have resigned from the Board to allow the Board of Directors to more accurately reflect the shareholder base of the Company. The Company wishes to thank the outgoing Directors for their valuable services to the Company during a difficult period in the Company's development.
This News release was reviewed and approved by the Company's Senior Geologist, Todd Johnson, M.Sc., the Qualified Person for purposes of this release.
More...
finance.yahoo.com
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Besides the above, I'm staying with YNG as I know the Jerrit Canyon property pretty well. I don't know a thing about their northern properties except what I read.. I think JC has a lot of upside including exploration-wise too.. Although there are the usual problems, metallurigical, evnvironmental, etc..
Even though there is a gazillion shares outstanding, I think there COULD be a chance of a take over.. JUST MY OPINION of course, and MY THOUGHTS ONLY and mainly because of the exploration potential of the JC area.
If I was still running an exploration outfit here, I sure as Hell would take a good long look as long as the share price was under six bits or a buck, depending upon the pog....
Just my thoughts folks, I DONT know a DAMN thing except what comes from my own head..
Do your own DD.. |
