Yukon Nevada Gold Corp T.YNG

Gold price will help resource/reserve numbers

[aristoenigma]

At some point won't the cut off grades will be dropped down significantlyas gold is approaching 2000 plus an oz. This will translate into a higher value. I expect with the cash flow we anticipate starting to show in the coming quarters more exploration will be afforded and go to finding a lot more gold ore in Jerritt Canyon. That is the name of the game. Smooth environmentally sound production plus lots of YNG owned ore. 2011 is going to be a great year. Ketza will be great as well.

[MrGRP]

I agree with you ... but they should be drilling at JC now ... and hopefully some reports out soon ! You are also correct that the lower cut off grades will be more acceptable or profitable with the priceof gold increasing. Just like mines that were shut down because they were not profitable when goldwas 6 - $800 per ounce ... many of those mines are now opening up and going back into production

[lecoste]

Of course, the current POG will raise the current resources and reserves substantially. The 43-101 wich will come out by the end of this year or the beginnig of the next year will reflect that. The most recent 43-101 was calculated on a ~ $500 basis. The new one will be on a ~ $1000 basis for the POG.