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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by MrGRPon Apr 19, 2012 10:02am
194 Views
Post# 19811791

RE: RE: Yukon-Nevada explores options

RE: RE: Yukon-Nevada explores options

Yes but how much of these reports can we believe ? how much of any news written by an analyst of reporter on a company they are not connected to can you believe ?

On wrong right off the bat "

“Yukon-Nevada processes a lot of ore for Newmont. If it doesn’t step up now and make a bid for Yukon-Nevada and if the mill goes to someone else, then that wouldn’t be in Newmont’s favour,” Mr. Ecclestone said.

It is my understanding that YNG quit processing Newmont ore at the end of December as that is when the contract expired. So what was printed in the article is already in question. Maybe the talk to a distress sale and the rest is too ?

The expectation was and is for JC to be at  the 150k run rate in April and produce 12,500oz. If this in fact happens then I don't know why we would be looking at a distress sale ?



 

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