Post by
goodtoreadthis on Mar 27, 2010 11:54pm
My view
I came upon this stock thru their drill assay reports on Kitco. Since we are in 2010, and they were both impressive and dated 2008, it didn't make much sense. I thought I was gonna find an exploration co when I checked into YNG at first. What i found was a newly revived production company that had overcome death; but, which had solved a major pollution problem, opened a mine and was about to open two more. YNG has handsome assays on Kitsa Yukon area, very handsome; and an existing milling camp/ milling facility near the deposits.
I read and re-read website data on a stock. My expectation is that stock price appreciation will not happen in substantial ways until YNG has several quarters of production from NV mines and it will not take off until Kitsa begins production.
If you are a long time holder, and you have been severely diluted, you owe it to yourself to go to the website and read the March 2010 fact sheet plus the March presentation.
No one here should kid themselves, companies with far less numbers of shares than 700 million have trouble moving their stock price up. Our ace in the hole is-- this is a US Canada miner with good assays PLUS huge monied interests in Europe backing us. I can't tell you how well thought of BNP Paribus is- it is a very distinquished bank. They caused the collapse of Bear Stearns and Lehman when they would not play along with the Wall St corruption that they uncovered.
The European money here is "old money" , they are in no rush. They want to do the job right. So don't get ants in your pants. This may someday be a racehorse' but right now it is a horse trying to recover from an injury on the track.