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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Bullboard Posts
Comment by caddoon Mar 01, 2008 12:06pm
137 Views
Post# 14578925

RE: Lost my patience.

RE: Lost my patience.I don't blame you. It is hard to believe this stock has gone down in a rampaging bull GOLD market. As I recall when Queenstake bought Jerritt Canyon, the estimated cost of production was $250 per ounce. They never got close to that. Then it was $300, $400, and on. They keep finding gold, but costs keep increasing. Surely by now the costs have stabilized. I look for well under $600. The Newmont Canada milling deal never was fully disclosed by Dusty, and I think it was a loser. Costs higher than he expected. I also think costs were just piled on instead of being deferred. Anxiously awaiting the year end report. If not any improvement, then I will finally take my loss. It has always been amazing that a gold producer in this rising market of 6 years, that Queenstake/YNG stock price goes down.
Bullboard Posts