Yukon Nevada Gold Corp T.YNG

The Issue

[downer27]

The issue that troubles me are in the following two quotes from the MD&A:

"In order to reach the targeted production rate of 150,000 ounces of gold under steady state operations, the

Company intends to continue milling available stock piles while pursuing opportunities to purchase new

stockpiles or mill through a tolling arrangement."

 

"During 2010 the Company has engaged SMD to recommence mining operations at the Smith mine, resulting in

the delivery of 66,782 tons containing 15,687 ounces from late January to June 30, 2010."

Basically, they are able to mine around 32,000 ounces from existing mine - makes 150,000 ounces per year difficult.

If you read between the lines, if they were to purchase 110,000 ounces per year from other companies, they can get to 150,000 ounces per year.

pouring gold and making money?

[lecoste]

poor try, who cares what you think, anyway! Get lost!By the way: why don't you cite the whole paragraph:"During 2010 the Company has engaged SMD to recommence mining operations at the Smith mine, resulting inthe delivery of 66,782 tons containing 15,687 ounces from late January to June 30, 2010. The Company beganprocessing the ore in late February, 2010, having processed a total of 49,606

[downer27]

Here's the thing Lecoste, I ain't going nowhere.This is America, land of the free, home of the brave.I have been told by someone in the know in the past that this company is designed to make people that hold stock options rich, with no concern for long term profits or viability.  I used to think that was a crock, but now, I find that person was more astute than I give him credit for.I