exgoldminer...further to what you said....there is a lot of value in the mill, and the surrounding lands....what would the value be....the mill has been rebuilt, and now has a value of a billion dollars, and what about the property, a lot of drilling has gone on over the years, historical drillings, that are probably being computerized into a mining database, plus a lot of new drillings, which are expanding the reserves all the time ...so what are we worth per share.....I would say about a dollar a share for the mill....and for the land....who knows.
Here is an extract from the latest corporate release .........Richard
Jerritt Canyon Roasting Facility is a Valuable Strategic Asset
? Currently, Yukon-Nevada Gold has the only permitted and operational roaster with spare
capacity in the region. 6,000 tons/day engineered capacity roaster, plus 5,000 tons/day
engineered capacity wet mill (on care and maintenance).
? One of only 3 roasters in Nevada and surrounding region. The other two roasters are owned by
Newmont and Barrick and both are running at full capacity.
? Roasting is currently the most economic method for processing refractory sulfide ore which is
prolific in the region.
? Permitting of new roaster capacity in Nevada and region is extremely difficult and time consuming
due to environmental concerns. No new roasters have been permitted in the past 12 years and
none are currently proposed or in feasibility stage.
? Environmentally fully compliant - industry leading emissions technology
? Jerritt Canyon mill replacement value estimated in excess of $1 billion.
? A valuable strategic asset in a stable geopolitical mining region with an abundance of low cost
refractory ore that has little production future using conventional processing methods.
Milestones – Past, Present, Future
? Re-start mill, achieve environmental compliance and fund mill refurbishment – 2009/2010/2011
? Mill refurbishment construction completed January 2012
? Expanded reserves by 46% - April 2012
? Steady state production achieved - June 2012 (150,000 ozs annual run rate)
? Positive cash flow achieved - June 2012
? Achieved target processing rate of 4600 tons/day – July 2012
? Underground production ramp-up continuing with target completion Q4 2012 – Q1 2013.
? New tailings facility nearing completion – target start-up Q4 2012
? Secure a toll milling agreement to fill excess milling capacity before Q3 2013
? Initiate US Exchange listing and share consolidation (roll-back) – target early Q4 2012
? Initiate divestiture of Ketza River (sale, dividend, IPO) – target Q3/Q4 2012
? Target run rate of 200,000 ozs annually – year-end 2012