We were given indications that analysts would resume coverage of YNG when they made a return to steady-state production. Edison Investment Research just released a bullish note valuing YNG's assets at
.56 per share. They're estimating $232.2 FY revenues, 8.1c EPS and a P/E of 3.8. Here's the blurb: -
Jerritt’s Potential Now Being Realised
Yukon-Nevada Gold (YNG) has reached a new level of confidence in its ability to mine and process gold ores. It stated on 18 June that it had been processing an average 4,112t of ore per day, an important milestone towards achieving its forecast 2012 production target of 140-150koz Au. This has only been possible with the US$200m+ financing via off-market forward gold purchase agreements and private equity raisings. We forecast YNG moving strongly into profit by end 2012 as it achieves its production target, and we value the company’s assets at US
.56/share (at US$1,600/oz 2012, reducing to a long-term US$1,350/oz from 2014 and a 10% discount rate). Further upside is geared to YNG using its plant further by establishing unit-cost-friendly toll treatment agreements with third-party refractory gold miners, potentially adding US
.23 to our base case (if 700ktpa at 6.22g/t Au is toll treated between 2013 and 2016), and moving the Smith mine to owner operated, potentially adding US
.04 to our base case -- YNG is still considering this option.
For the rest: https://www.forexpros.com/analysis/yukon-nevada-gold-jerritt-canyon-reaching-steady-state-production-129429