RE: SAME OLD SHIP I am not sure I have ever heard of a project going into production with 500,000 ounces at low grade. If you think they lose a lot of money per quarter in Nevada producing 150,000 oz per year, wait until they start production in Yukon!!!
The good news for us shareholders is that this will likely never happen. Dickson said they would be in production in 2008 at investment shows - then again, that was before they "lost" over 1 million ounces from their reserves (subsequent to YNG takeover of Queenstake - as another poster mentioned).
Pouring gold and losing money (and ounces)/