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Re: myleftput post# 95

Tuesday, 04/28/2009 1:13:59 AM

Tuesday, April 28, 2009 1:13:59 AM

Post# of 213
Yukon-Nevada Golds next problem will be what to do once they run out of stockpiled ore. They have about 9 months left - them what? The mine is a mess because they haven't kept up the maintenance. They may be able to toll-mill ore from Newmont but so far there hasn't been any announcement from Newmont to that effect. Also, that isn't much of a money-maker

YNG has been incompetent in running Jerritt Canyon ever since they bought it. Production has dropped, costs have risen and they have screwed up their relations with everybody. On top of all of that, they have been selling shares for next to nothing since last fall trying to raise money. Fully diluted they now have over 400,000,000 shares out. Hard to see where the share price is going once all those warrants start getting exercised.

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