InvestorsHub Logo
Followers 39
Posts 3467
Boards Moderated 0
Alias Born 02/24/2006

Re: wise1man post# 3941

Thursday, 11/05/2009 10:44:32 AM

Thursday, November 05, 2009 10:44:32 AM

Post# of 8637
YNG/Queenstake, would be wise to settle the lawsuit with MYNG as quickly as possible.

Part of the agreement on running Jerritt Canyon gives MYNG an additional bonus of $2 a processed ton of ore, if gold goes over $900. Then an additional $2 a ton for every $50 increase over the $900.

If this case goes to court and MYNG prevails, which I believe they will, YNG will owe all of these additional fees that are mounting up. With gold approaching $1100, these fees are accumulating with every processed ton of ore. JMHO
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ADGO News