Post by
Iceshaver on Jan 12, 2011 1:11am
RE Franky06 Post
Hi Franky06. Thank you for your post, but you should get Artie involved here, as he is the wiser, more intelligent, elder statesman on this forum. I was once a huge "YNG Cheerleader" until i finally woke up to all the BS, and broken promises, Fantasyland Future Projections never fulfilled, , and just plain incompetence. Check my posts! up to the late summer of 2009. I will try to respond to that Newmont ore contract.. As you know, YNG acquired Queenstake in early 2007. At that time I urged strongly that we all vote in favor of this acquisition, while Artie and the more intelligent Queenstakers were urging a vote against it. This contract is nothing new. Here's a quote from a Queenstake release from March 2006. At that time Queenstake was operating 3 of the 4 mines in Jerrit Canyon, Shortly after that Queenstake closed 2 of the mines as they were mined out and no longer econonical to operate.. This has to do with Newmont. "The contract calls for the puirchase of " at least " 500,000 tons per year over 2 years. Ore purchases with Newmont may continue for up to three more years if Queenstake has the spare processing capacity". By the winter of 2006, Queenstake was on the brink of bankruptcy. In my opinion, It now seems YNG is nothing more than a Newmont contractor. Arties views would be more enlightining. Pitch in Artie. Cheers ICE
Comment by
arthur7440 on Jan 13, 2011 10:24am
Quote you Mr ecl61 new management in Yukon-Nevada are you sure about that,???? the one that took this company down is still there, and he dumped 2,000000 before he closed the mine down,and the the employes still have not been paid. you must be new to this stock, but good luck,LOL