Value Microcaps Junior Miners

[baystock1]

>Do you have any presentation or research reports on YNG.to? It does look interesting, especially trading at 30% below PP.<

Here are 3 items from my files:
Old presentation by Queenstake CEO who got sacked due to poor performance:
2004 presentation to Richmond Club by Chris Davies:
http://23418.vws.magma.ca/Luncheon/Queenstake_files/Default.htm

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Institutional Holdingsas of8/8/07:
Sprott Asset ... 11.4M $17,765,477 +31% 6.8% Low
Sentry Select ... 9.6M $14,963,403 +26% 5.8% Low
Goodman & ... 3.2M $5,555,093 +9% 1.9% Low
Dickson (Graham C) 2.1M $3,073,535 +6% 1.3% Low
PEH Wertpapier AG 2.0M $4,995,483 +5% 1.2% High
Hesperian ... 1.9M $2,954,214 +5% 1.1% Moderate
Chafee (Robert E) 1.3M $1,821,272 +3% 0.8% Moderate
UTA Asset ... 1.2M $2,891,639 +3% 0.7% Low
Pate Capital ... 1.0M $1,553,160 +3% 0.6% Moderate
David W. Tice & ... 666.7K $1,035,441 +2% 0.4% Low

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Queenstake and YGC Resources Ltd. To Merge
TranscriptRecorded on February 14 th , 2007 in Whitehorse, Yukon Territory
Graham Dickson, President & CEO of YGC Resources Ltd.
Hello my name is Graham Dickson and I am president of YGC Resources Ltd. Welcome to this webcast. At this point I would like to thank you all for the many questions you have sent in and I will try to address as many of them as I can.
We have been fortunate enough to receive questions from both YGC’s shareholders as well as Queenstake’s shareholders.
Firstly I’m going to give you some of my views of the situation and by doing so will answer many of the questions that have been posed.
I am very proud of the dedication and hard work that seems to be the norm for my Board
of Directors who represent the shareholders of the Company. One of the first actions they
took in the spring of 2005 was to help form and approve a strategic plan for the Company’s growth. This strategic plan was centered on the concept of growth by
acquisition. In particular the acquisition of late stage exploration, development or production properties.
The concept behind this strategy was that it would make best use of the skills and experience of the people associated with the Company. These people having taken many
projects through from exploration, development, start up and on into production.
In fact as a result of this strategic plan YGC made an offer on a producing property as early as August 2005. In between then and now YGC has looked at over twenty properties and companies and made a further offer in June 2006 on another property very close to production.
This offer to Queenstake then is part of a well thought out strategy and the result of due diligence on the part of your Board, their officers and our consultants.
The fact that we should make such and offer on a property that is presently seen as underperforming by the market should come as no surprise, in fact the opposite. I suggest
to you that it is exactly what our shareholders should expect from us.
We are here to use our skills and expertise on behalf of our shareholders to create greater shareholder value. Yes this merger will involve a great deal of hard work on our part but
we did not consider sitting back and relaxing as the Ketza River project moves ever more surely towards production. We are here to do exactly what we have done and that is
utilize our skills and experience to create greater shareholder value.
The Jerritt Canyon Mine is a property that has real strategic value. It has a 4,500 tpd dry grind circuit, a 6,000 tpd roasting circuit followed by a Carbon – in – Leach circuit. It
also has a 5,000 tpd wet grind circuit followed by a CarboninPulp circuit.
It has a 300 sq km property position in the best part of the gold producing territory in the USA. It has a well experienced labour force in an area that is supportive of the mining industry.
The above assets if fully utilized would have a value many, many times greater than the value assigned to them by the market; the market value is the value that YGC is paying
for them.
It will be our job to make the market realize the true value of these assets and when we do so it will therefore be for the benefit of the combined shareholders of YGC and of
Queenstake in a merged Company we expect to call YukonNevada
Gold Company. I like the name and I give credit for it to Dusty Nicol.
The present management of Queenstake whilst not proving themselves in the area of operational management have proven that they have the ability, with limited funds, to continue to find gold ounces at the Jerritt Canyon property at a low cost. There they have proven once again their competence and skills in the area of gold exploration is very well
thought of.
It will be our job to provide this reinvigorated exploration team with Dusty Nicol as their leader with adequate funding to enable them to produce the reserves that will allow this
mine to operate efficiently and profitably for many years to come.
In the mean time the project of ensuring the profitability of the present operation has already been started with a cooperative effort and I am certain will continue along these
lines until the merger has taken place.
The benefits of this course of action I hope are evident to both sets of shareholders.
As well as the expertise and funding to carry out the above course of action YGC also brings to the table is own exciting properties in the Yukon. Three of which I will talk a
little bit about here. The Ketza River Mine property, the Shamrock property and the Silver Valley property.
We are scheduling the Ketza River Mine property to begin production in late 2008. We are presently taking the property through its permitting stage. This past producer has the
advantage of significant site infrastructure already in place. It was in operation in the late eighties for three years and produced 100,000 ounces from a head grade at the mill of 10.4 g/tonne. We have been drilling for the last twenty one months and are awaiting the results from a National Instrument 43101 report that is finally in preparation. This is a property that we own 100% and there is no Royalty or Net Smelter Return payable to any
other party on this property.
The Shamrock zone which adjoins the Ketza River property is a four square kilometer goldinsoil
anomaly that extends for a further four kilometers on our property. It is a disseminated gold system that we have only started to explore. Although we have likely only examined one thousandth of its potential we already have 430,000 ounces in a National Instrument 43101 report. Clearly this has the potential to be a multi million ounce deposit. We also own 100% of this property and there is also no Royalty or Net
Smelter Return payable to any other party on this property.
The Silver Valley property is one we have recently acquired it is close to the other properties only 8 kilometers away to the East and is an exciting Silver Lead Gold deposit.
I know the words I have just spoken have dealt with many of the questions asked by the shareholders of both companies. Perhaps the answers are not as detailed as you would
wish but that will have to wait until the deal is consummated. I will now address some other questions not covered by what I have just said. One question that seems to be on many minds concerns the possible phasing out of the
Jerritt Canyon operations. My answer to that is this is not being considered at this time as we know the operation can be restored to profitability.
Does the merger require shareholder approval? Yes it does.
When will the merger happen? A definitive agreement will be signed after the allowedtime for due diligence has expired. A shareholder meeting for both companies will then have to approve the merger.
When will there be a shareholder meeting? How will shareholders know about the meeting? Notice will be given of the time and place of the meeting in accordance
with the legal requirements.
How many votes are needed to have the merger go through? Two thirds of those voting at the meeting will have to approve the merger.
Why are both stock prices falling? Because initially the market did not understand the
deal and does not understand the synergy.
Why doesn’t Newmont buy the Jerritt Canyon mine? It does not fit within their operating parameters.
Does Newmont have any ownership of YGC? Not that I am aware of.

YGC Resources Ltd.
#540 688 West Hastings Street, Vancouver, B.C. V6B 1P1 tel: [phone] fax: [phone] email: