Adele Harding YNG News StoriesMs Harding has written 2 YNG news stories. The first one was written last year. In it, she quoted YNG saying they were producing 200 ozs of gold a day, and producing 400 ozs of gold on a "good" day. In the YNG 2009 4th qtr Financials, YNG reported about 9,000 ozs of gold production. The YNG 1st qtr 2010 Financials showed about 9,000 ozs of gold production. About 18,000 ozs of gold produced in 2 qtrs, 180 days, for a daily production of about 100 ozs of gold. a day. Do you believe what they say, or what the audited records show? Red flags are up!
Ms. Hardings recent YNG story is really interesting. In October 2009, Great Basin Gold Co. hauled 10,000 tons of ore to the YNG mill, 5,000 tons of high grade, and 5,000 tons of low grade ore, for one week, and then stopped ,and cancelled a custom milling agreement they had with YNG. Part of that contract gave YNG first right of refusal if Great Basin decided to sell their Hollister Property, a real prime piece of gold bearing property. After 8 monthes, YNG and GBG have agreed that YNG could mill that 10,000 tons of ore, thus saving Great Basin the cost of reloading and hauling that ore from the YNG mill to the Newmont Mill , since Newmont now has the custom milling contract for the GBG ore. Worst of all, YNG no longer has first right of refusal if GBG decides to sell the Hollister Property. That 10,000 tons of ore represents about 2 weeks of work for the YNG mill. The way the pumpers were cheering, you would have thought the YNG mill had years of custom milling before them. Read that story and see what is really true. Stand-by for the "weasel wording". No opinion here, just facts. ICE