Yukon Nevada Gold Corp T.YNG

YNG Update - Moving Ahead

[romara]

I spoke with the Vancouver office this afternoon.....and not much is happening....everything is in gear and moving forward. They are "busy making gold....and not spending valuable time putting out fires"

They are on target to be in a "steady state of producing 150,000 oz. per year" starting on July 1st. 2010....

And here is a press release today from Great Basin Gold about their dispute with (Queenstake) Yukon Nevada

Great Basin Gold Corporate Developments - Press Release 21 June 2010

Great Basin Gold has settled its previously disclosed dispute with Queenstake by execution of an ore-processing contract for 5000 tons of high grade and a like amount of lower grade ore on the basis that the parties will split the metal proceeds and milling costs of $88 per ton. As well, Queenstake’s share is reduced if metal recoveries are off by more than 10% from the targeted recoveries of 88% Au and 82% Ag. The settlement eliminates all rights of first refusal and allows Great Basin Gold to immediately process ore stockpiles and production in excess of the capacity of its Esmeralda mill through Newmont’s nearby Midas mill.

I have been told that after July 1st....things will get boring....they will just have the production figures, when they are due....and as I said before in this post  "busy making gold....and not spending valuable time putting out fires"


And as an earlier statement   "They are pouring Gold and making money"

It looks like clear sailing guys....they pay down the booking debt, and ........make money for us all........Richard

[romara]

Correction ...my spelling errorDelete: they pay down the booking debtInsert: they pay down the bookkeeping debt...Richard

[lecoste]

downer just go and play hide. no one wants to hear your bs

[downer27]

have been quiet little pumpies today;  wait until the options pound ya - the only pumpster that won't be crying is the genius that is in at avarage less than 5 cents

[MrGRP]

Right name for you Downer27 ! making money is a term  and I would suggest that what they mean is that we are now selling gold and taking in or making money, opposed to when the mine and mill was shut down and no gold was being sold ~!~Lots of businesses sell product every day and make money, weather the make a net profit at the end of the year is another thing !

[MrGRP]

Downer ... I can't believe you keep giving crap comments or posts like this all 5's .... no one in their right mind would do that ... but then I guess I  just hit the nail on the head ...Do you even have any shares ? or just like to be negative on everything all of the time, must be a sad way to be !

[hans2187]

Hey downer are you not apart of this.  " wait until the options pound ya" .  I don't think you even own any stock in this company.  I think your a pitiful little old man he hates the world and wants to bring everybody down to your level.  Why don't you get one of those special kind of massages,  you would definitely benefit from it.  Then we good

[lecoste]

Hi hans. Dont bother. Bashers have a rulebook by which they play. Never answer, when attacked on the low level. He just confirmed my theory. Instead he activated his alter ego, ...shaver, who "just got back from a business trip." Yeah sure. Where is arthur by the way? Arguing with Mr. Doughtfire?Just do like Richard did. Put them on ignore. Cause bashers get paid by answer!

[hans2187]

Hi Lecoste, Your right about how bashers get paid.  But I don't like putting anybody on ignore.Thanks,Hans