RE: Big drop today... It bounced back to 39. Volume was highest in nearly 3 weeks -- somebody's been quietly amassing lots of shares. No recent insider trading reported on Canada Insider.
Had a look at the last corporate presentation of Feb 27, available here: https://www.yukon-nevadagold.com/i/pdf/YNG-Presentation-Feb-2012.pdf
Next NI 43-101 is due late April. Anyone know if the quarterly report will come out the same time?
Also wondering how Ketza River permitting applications are going; hoping this info will be available late April also.
I see the Ketza mill can handle 340 Ton per Day but they're forecasting 500 TpD from underground alone. The 9 open pits are forecast at 50K TpD for the first couple of years.
Either they expand the mill, or they stockpile the ore, mixing the higher grade UG muck with the lower grade pit ore for a consistent output of oz per month. It would take many years to mill it all at 340TpD.
That would be a long run of consistent $ while keeping costs low. Or do they expand the mill greatly, incurring the higher costs but making more money quicker at the higher present price of gold?
Thoughts?