RE: Re ecl61 PostsI understand YNG management projected production of 150K oz from August 2010 to August 2011, not in calendar 2010. Given the very hard winter so far in Nevada, we shall see how the q4 production comes in. It is likely the market got a hint about the winter at the recent conference. Weakness may persist into the spring unless the price of gold takes another leap.
A large part of the reason that I think it is reasonable to accept Baldock's business plan is the reality of the price of gold at $1300+. The lower grade ores in Nevada were not economical to mine when gold was $4-500. The plan is to exploit ores that at one time were not profitable.
YNG's major asset is its approved processing capacity. We shall see if they can fill it profitably.
By the time "YNG IS AN UNPROFITABLE COMPANY" is not longer applicable, the share price will be much higher than currently. Investing is about the future. But the past does provide context-so if there were not new YNG top management I would be much less confident.
I am sorry you are so bitter and have no expectation of convincing you.
Since a few of you are not interested in real sharing of ideas about the future-but are compulsively focused on using this board to assuage your grief at your previous losses, I see no purpose in having any further discussion here. May you find peace.
ECL