the 2nd quarter reportFirst of all I would like to say that I for one am pleased with the quarterly report. I think YNG has
been pretty up front with what is going on at the mill and with the company . Although I am far
from an expert the report was pretty well what I expected considering the shut downs etc. The
main thing to me is that YNG has and is moving forward in a postive way :-)
The one positive note I read as well was the drilling that has been taking place. That is what this
stock needs right now ... some good drilling reports should give it another shot in the arm and
move things forward even more.
Hopefully the next quarterly report will not contain any shut downs etc. If that does not happen
then we know that in July they produced 8500 oz of gold and if they can hit and maintain
steady production rate of 12500 oz per month then we could be looking at 33,500 oz of gold
producted in the 3rd quarter.
Ok .. that is in a perfect world and things never end up perfect but if we can even come close
to that it should be a pretty impressive 3rd quarter. And wouldn't that boost the share price !!!
As for feeding the hungry mill .. well it always was a high producing mill and thank goodness
for that. I guess the negative way of looking at it is if the mill wasn't so darn good and didn't
have the capacity it does ... well then it wouldn't be hard to keep it fed. I for one am glad it is
what it is and I think they have addressed several avenues that they are looking at to keep the
mill producing. Just have to read and see !
Best of fortune to all .. and lets hope we make it here ....
Gerald