Yukon Nevada Gold Corp T.YNG

RE: A good read on 'Goldinvest from Germany on YNG

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Yukon-Nevada Gold immediately before transit and outbreak?
Posted by Björn Junker • 4 August 2010 • Print version
Already in October 2009, we had our readers the most interesting and promising turnaround story of the Canadian gold producer Yukon-Nevada Gold (TSX A0MVD1) presented for the first time. Since then, the stock has already increased significantly. In our view, but that should only be the prelude to a forthcoming, complete re-evaluation of the undertaking of new CEO Robert Baldock!



The Golverarbeitungsanlage Jerritt Canyon South of Yukon-Nevada Gold
For after the financial and environmental problems have been fixed under the new management, Yukon-Nevada has been producing gold again. So far, these were yet to test runs that were used to optimize production processes. But in the next few days should notify the company that this phase ended and we now in the so-called "steady state" or commercial production has occurred!

For mid-May, the company announced this crucial time already for July. Small delay in such a complex work is normal and as we hear from the company to the contrary, we are convinced that turn these "bombs" news in the next days. And then shall, as CEO Baldock announced some time in the first year after the start of commercial production will already be producing 150,000 ounces of gold!

And here is: This is only the beginning. For in the next 2-3 years will extend the Yukon-Nevada mill on his Jerritt Canyon Project so that you can then produce 400,000 ounces of gold per year and will be. Among other things, will it be made possible by the production in the third mine on the Jerritt Canyon property, already in early 2011.

In addition, Yukon-Nevada known only a few days ago, that one has begun to explore on a Untertagebohrprogramm Jerritt Canyon and the planning for an exploration drilling for days have been completed. This drilling program the company intends to thrive on the resources of conversion / extension following the underground infrastructure of the Smith & Steer / SSX Mine, bringing the current mine life of 4 years (at a projected stable production of 150,000 ounces of gold per year ) is to extend for a further 3-4 years.

The interesting thing: In the past, resources were converted at an average rate of 120% (!) In reserves. In addition, the last reserve and resource calculation, measured for Jerritt Canyon 717.3 thousand ounces of gold in proven and probable reserves and a total of 2.481 million ounces in the resource categories, displayed and concluded identifies, dates from 2008 and still with a gold price of charged only 580 USD per ounce! An update of the calculation with a more current gold price, the Yukon-Nevada seeking, should be the total reserves are also rising significantly.

This means: Not only that expected in the coming days ahead of the crucial step in the commercial production of gold, Yukon-Nevada will be able to report in the coming weeks and months, most likely, a significant increase in reserves (and resources) at Jerritt Canyon - not to mention all kinds of new discoveries.

We believe that the stock has the face of these extreme views upside potential. Risk conscious investors who believe in the turnaround story of Yukon-Nevada and rely on the skills of the highly respected in the industry, Robert Baldock, should in our view, therefore now set for the yng stock to the depot - and not wait until the News on the table!

Related Links:
Success in court: Yukon-Nevada makes significant price jump 8.1.
It is possible to News: Yukon-Nevada Gold could soon make the next step in the turnaround 20.11.
Cooperation with major bank BNP Paribas: Yukon-Nevada Gold will end in 2010 three mines in production have 2.3.
Excellent drill results: Yukon-Nevada Gold Jerritt Canyon gold mineralization extended to 19.3.
Yukon-Nevada Gold: Start of commercial production for July given the prospect of 18.5.