Spoke to Nicole today. I told her everyone was excited that the mill was going to be operating.
She replied "that the first ignot will be poured around the end of next week" They have to get the roasters up and running and the processing in place.
Also when they start getting cash flow they can, and will pay off their local debts (miners and suppliers)
I asked about the insurance settlement with AIG. There was a settlement, YNG got a satisfactory settlement....the amount must be kept confidential, because insurance companies are putting that clause and stipulation in every settlement these days.
About the Yukon Shaanxi Mining Company Inc.. The company is in place, and the merger with Tagish will be done by a reverse take over of Tagish ......soon
Nicole also said "they have to get shareholder approval for the Private Placements". The security commission is after them on that subject. So if you own shares, contact Nicole at
nicole@yngc.ca or give her a call at 1-604-688-9427
She would like to get this as soon as possible .....so help out ASAP
They would like to put this behind them so they can work on other important projects.
........Richard