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Bullboard - Stock Discussion Forum Yukon Nevada Gold Corp T.YNG

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > Whatever Happens
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Post by romara on Nov 20, 2009 4:29pm

Whatever Happens

With the votes, if tonight is the last day, or if they are extented and change, wether all the hogs at the trough get their shares and warrants....I think the market for the past couple of days have been the shares from the warrants...or somebody playing games....a lot of shares traded....but no price increase.

There is something that is still there, and we shouldn't forget about it

These ROM pad resources will allow the Company to achieve the presently budgeted throughput of 3,300 tons per day. Upon recommencement of milling it is sufficient to produce at the rate of at least 2,000 ounces of gold per week for the next nine months at a cost per ounce of approximately USD $300. 

Gold closed today on the spot market in the $1150USD range.....and that is a nice closing for a quiet week.....next week it could get wild....a lot of short bullion dealers have to close out their existing accounts for the end of the month.....so gold could have an interesting ride north.

The above at $1150 gold....is worth apprx. 621 million dollars....

Those that are going to vote (you don't have to means the same as NO), have to 11.45 PM Pacific Time

Have a great weekend.....Richard
Those that are going to vote (you don't have to means the same as NO), have to 11.45 PM Pacific TimeHave a great weekend.....Richard
Comment by arthur7440 on Nov 20, 2009 4:32pm
  Its both Richard  wether all the hogs at the trough get their shares and warrants....I think the market for the past couple of days have been the shares from the warrants...or somebody playing games....a lot of shares traded....but no price increase.
Comment by POG1200 on Nov 21, 2009 4:25am
“Gentlemen,”From today’s PR: "The proceeds of the private placement transaction will be used to pay down the existing liabilities of the company, invest in the facilities at Jerritt Canyon to meet the compliance requirements of the Nevada Division of Environmental Protection, and make further improvements to the gold production processes to ...more  
Comment by POG1200 on Nov 21, 2009 4:21pm
For what it’s worth, this is from the third quarter report: “On October 20, 2009 the Company restarted milling operations at Jerritt Canyon and is intending to restart mining in the near future.” We may not receive any more information on production until the next report.  Some companies are like that.  If production at Jerriitt has been consistent since 10-20-09 then the ...more  
Comment by lecoste on Nov 21, 2009 6:20pm
Yes G you are right indeed. Profane language and insults won't help us out of this mess. That's for sure. As much as I like to keep calm and reasonable I can feel everyone whos more than p--ssed, cause I've been there lots of times.After your first post I remembered a YNG-Newsletter mentioning that they are indeed producing but not at full capacity and that they would need the 14 ...more  
Comment by arthur7440 on Nov 21, 2009 6:51pm
Lee, I also remember  that,  But since that day they seem to have had second thoughts on how to Full their own pockets buy giving them selves and friends some nice  warrants by the hundreds of thousands, they get greedier by the day,I also understand that Starvation Canyon  has untold amounts of Gold ?/  they have known this for a few years, and are keeping it quiet,& ...more  
Comment by romara on Nov 21, 2009 7:20pm
POG-Greg,   if it me that overstayed my  welcome with the Investor Relations manager, so it be ....but what I said to her in an e-mail is between her and I, Messages between anybody and myself are not put on this, or any other board. I told her how I was going to vote.....or not vote, by withholding my vote.But what I can tell you about the mill....it is in production...what ...more  
Comment by romara on Nov 21, 2009 7:29pm
Le... Here are the ROM  (run of mill) figures. These are from an earlier post of mine and are from an NR .....RichardRemember:"These ROM pad resources will allow the Company to achieve the presently budgeted throughput of 3,300 tons per day. Upon recommencement of milling it is sufficient to produce at the rate of at least 2,000 ounces of gold per week for the next nine months at a ...more  
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