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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by MrGRPon May 18, 2012 11:12am
276 Views
Post# 19925432

RE: RE: RE: Who's the second party?

RE: RE: RE: Who's the second party?

First of all I didn't say they couldn't produce sufficient ore to process I said I wondered if they could , this has always been an issue with the mill that is a very hungry mill  and can when up to speed process over 300k. But they ran into this in the past and that is why they struck the deal withprocessing  Newmont ore. And I believe they also mentioned somthing similar in their recent PC. The more ore they can process out of their mill the more money they make. Best scenario is to producte their own first but also to fill any gaps with processing what gold they can under what circamstances they can get it.

You  also have to look at this as the big picture. For instance they did not just re open the  mill and it is not just about the  mill. thye also opened all of their mines again some of which took a lot of money to re open and they are still putting improvements in place to produce more  ore from those mines and ramping up not just the mill but the mines as well.

They also have other mines they are looking at  opening as well as open pit mining. This is all in the plans so you have to look at the big scope of  it. The main issue had to be the mill and I don't t hink they realised how many upgrades it needed. Shutting a mill and mines down takes a day ... restarting them and getting them up and running after years of shut down takes a lot more time and  money ! a process.

It has also always been in their plan to either process ore from other mines and or they have been in the search of property to purchace that are owned by companies that seach for resouces and gold but don't have mills or process their findings. Many of these issues the company has spoken too since they re opened the mill.

So as I said you have to look at the big picture, not just the past and the present but also the future. Baldock is very much a director that looks to the future and has stated many times that these issues are in future plans.

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