Ketza River Spinoff? From Mariusz Skonieczny: -
"At one point, the management was going to spin off Ketza River when it was looking for options to raise money for the winterization and refurbishment project. Christopher Ecclestone of Hallgarten & Company, who covers Yukon-Nevada, believes that if Ketza River was marketed properly and spun off as a separate company, it could bring a value of $100 million or
.10 per share. To read his report, see the following link: https://classicvalueinvestors.com/i/2011/10/yukon-nevada-gold-coverage-update/"
Perhaps another strategy they are still considering?