interesting.. yea seems like there's a lot of uncertainty but in the mean time, hopefully a nice run up will allow you to make profit and move on..

thanks for calling, good insight.

I believe the best case scenerio for shareholders would be for a JV or merger with another bigger player that would keep YNGFF as the entity it is now, but would give them enough financing to get them over the top and set for production to 150K oz. per year. He said they are close to being cash flow positive, but I don't think they're quite there yet. He told me they are currently on track to do 150K oz. right now going forward. I'm really not sure if I believe him or not on that to this point either.

I was also under the impression the company had a poison pill set up and he told me that it had expired in March, so we're wide open for a hostile takeout. He said around 67% of the company shares are held by major holders like Sprott, DB and an outfit in Switzerland and that they are the ones looking for at least .75/$1 for the company, so hopefully we're in strong enough hands not to get what we deserve.

Time will tell, I guess.

you definitely bring up some good points and explained yourself better than myself and i agree with your perspective on the company's issues..

as for shareholder value for a sale, i think $.75-1.00 is realistic. i mean, if they bought our shares for that amount, we would have a nice return and if that's the company's goal, so be it......lets get it done!

i think the company doesn't want to screw their shareholders like a pinky sheet company would to gain money for their personal wealth.. overall, i think the company is in trouble if they can't meet their 2012 goals with production and profits. i think if they fail at their goals, it hurts them even more if they're trying to sell.. seems like their major selling points is new equipment and a boiler which is good for starters.. if they could say, on top of all that we have 150,000 onces of gold production but could reach 300,000.... $1 share here we go!

I just got off the phone with the head IR guy at YNGFF. I definitely think they are looking to sell the Company. IMO they are going to need more financing and it don't look to me like DB wants to give them anymore money. That's why they may have to sell some assets, like Ketza River or do a deal with someone they may not want to actually do a deal with. He was firm in telling me that DB wasn't pushing them to do a deal, but I think that's definitely the case behind the scenes. Why else would you be looking to do other deals?

We talked about the share consolidation and he said they were considering that route because most of the institutional interest in the company came from the U.S. and in order to have institutional participation they would have to get the share price above $2 to get off the OTC and get on the AMEX for institutions to buy. IMO that's a mute point. You aren't going to get any institutional buying UNLESS the turnaround is completed anyway, so that has to take place before anyone seriously starts believing the story here. Retail, institutional or otherwise.

He told me the major investors in the company probably wouldn't take less than .75/share for the company and most wanted $1.

I'm all for the $1 sell mark. LOL

My take on what was said was somewhat more pessimistic than what you heard I think.

First of all, they did speak generally of ways to increase shareholder value, whether it be through the sale of the company, a JV, merger, etc. Now any of that I really don't have a problem with as long as it increases the value of my shares. The question in my mind is why is this discussion arising now? Is the turnaround not there and are they still having issues at the plant? That is what I'm suspecting. Some of the discussion was about problems they're still having, but it was mostly talked like they were over the hump. As I recall Baldock made mention of $10 million dollars they could get if they needed it. I'm thinking they're running short of cash again and that's why they're talking about selling the company or doing these other things. DB gave them all this money and has a big vested interest in getting their money back so I'm thinking this action is being prompted by them. You noticed Baldock made mention that they weren't doing a distressed sale, which of course throws up a big, red flag about a distressed sale happening.

The other thing that was said on the CC right at the very end was one of the officers mentioned they were thinking about doing a share consolidation or in layman's terms a reverse share split. That was not a good thing to say IMO and probably the reason the shares have been selling off. Investors don't want to hear that right now and I think you know how that would all work.

IMO school still seems to be out on the turn around. If they can make it work without more dilution, then we should be O.K., if they need more money, then there may be more pain. We should be better informed by the next quarter. I just didn't get a real good feeling from the way I heard this CC.

I'm still hoping for good things.

sorry for all the spam today.. haha..

the last question about consolidating shares and the company response was, "they're considering that option." yea, i didn't like to hear that considering how many shares outstanding they have and their goal to uplist to AMEX..

this might be a buying opportunity and selling later in the year with a couple successful quartley reports. i think right now, they're going to be in the negatives until they pay back their debts for all the work they did to their sites.. it seems the pendulum is starting to turn for the better right now..

if we hit .22-25 PPS, im going to buy.

just listening to it now and hearing the part about a possible sale in the future.. yea, still not sure..

my initial thoughts are if the PPS keeps dropping, im going to buy some for a several reasons;

1. you're buying low and if the company meets its production goals, then we should see some increase in PPS.

2. if possible sale talks occur, id like to think the shareholders could get a buyout or something in value.

3. personal opinion - i think the price of gold is going to keep increasing.. there's a lot going on in the world economy and i personally feel gold will keep going up regardless of what the mainstream media reports..

im listening to the 2011 year end results meeting now.. will give you my thoughts when im done.

Did you listen to the webcast yet?

I won't tell you what I think right now, I want you to listen to it and tell me what you think first. I don't want to biased your opinion, but I will say there were some parts of it that I found not very good. I would rather you listen to it first, then we can discuss it.

ah no, i totally forgot..

how did it sound?

Did you listen to the company webcast from this morning?

sounds good.. it seems like a lot of the shareholders are thinking the same thing amount buyout prices..

$1 possible buyout is enough for me to buy more.. regardless i still like this company.. gold is hear to stay and this company has taken great action to improve the company's value in the market (if they were to be bought).

later gator!

I just made the observation on the YNG board on Stockhouse this morning that if we were taken out by a bigger fish that we should get most likely a minimum of $1 per share from the buyer. Just a guess on my part, but another poster did some serious calcuating and came up with a value for the company of a minimum of $2 billion. His numbers sounded very conservative and within reason to me, so yes, I think even today something north of $1 per share is possible. A lot of that $1 price may be contingent on them completing the turn around and being on course to do that 150K oz. per year number, which may take a few more quarters to prove out.

I have to go now, but I'll talk to you soon.

that is all true and hope that's what happens.. i mean worse case, they get bought out and we win with more stock options from buying company of they buy our shares at a good price..

id rather see my shares get bought for higher so that we make something off the investment.. im also trying to confirm the the company's market cap because according to google, it's $316.57M.. i think if the company can show some great production of gold as they stated in previous reports, that'll jump up and if the roaster is truely worth over $1 billion, then that makes the company worth a lot more..

so, potential buyout could yield a nice share price around $.80-$1/share?

what do you think? i was looking at the sticky at the bottom of the page.. i read that article awhile ago and someone else stickied it for me because i wasn't the mod yet..

i just got an email from nicole sanches, very nice lady too.. asked her waht the market cap was and it's

"The CND market cap is $307,261,030"

My best guess would be a bigger player would want to buy them or JV/merge with them. I would agree that they buying someone or something themselves would seem very unlikely at this point or at least until the turnaround is completed.

Someone made the good point over on the SH board that many of the miners in the area where these guys are have heap leach doing a big part of the gold recovery and now that they have the plant winterized they can do that also. Now with the plant up and running, they have additional capacity and if they choose can farm out work from other mines in the area. They have the roaster as a big plus too. I think they probably have had some interest from some bigger player/players and they want to explore those opportunities. I see the shares going much higher in the next couple of quarters anyway, especially when they hit that 150K oz. per year stride, which should be by the next full quarter. That maybe the better outcome for us as longer-term holders anyway.

i agree with that.. i guess that's why im still digesting it because any shareholder thinks the company has the shareholder in mind (goes without saying).. maybe a deal is being worked as we know it and something positive will come of it which i think will happen in the future..

considering all the money they just spent to get the facilities updated, i doubt they'll buyout anyone.. a merger might be the next best speculation or maybe they'll be helping another smaller company with production or ore where YNGFF will benefit someway.

since they released the news, the stock has reacted in a good way so maybe something is up or shareholders are liking that letter.

i also updated the share structure, that is new.. i kept the old structure on there as reference (see intro page).

It has always been my understanding that any publicly traded company's main focus was taking care of it's shareholders, so coming out and saying that in a PR to me was really stating the obvious. So, it seems they were trying to make another point. Yes, we all feel the shares are undervalued presently, but it would appear something is most likely already going on behind the scenes and with the one sentence that talked about sales, JV's, mergers, etc., maybe a bigger player is sniffing about to take them out. Who knows.

LOL, I didn't read the sentence you highlighted close enough I suppose, but in essence they're saying we want to create more shareholder value, BUT WE WON'T TELL ANYONE UNTIL WE DO A DEAL OR HAVE TO LET YOU KNOW SOMETHING. That really gives me a warm and fuzzy feeling that I, as a shareholder, have a say in the matter!

I think somethings cooking behind the scenes and as long as I make out in the deal I'll be happy I guess. My average cost now is .50/share, so even if the company is taken out IMO they should get something north of that. We'll see.

to be honest, im still digesting it.. i think it's good that they're thinking of the shareholders but why form a committee, ya know? not sure how i feel about that until something good comes from it but....overall, i do like that they're pointing their attention to the shareholders moreso now, then they have been.. they know the last 2-3 years have been challenging for the company and those shareholders who stuck with it should be rewarded in some way..

the only thing i didn't like about the article was the last paragraph.. i copied and pasted below. i made the interesting line in bold..


There can be no assurances that the Company will pursue or complete any of the strategic alternatives that are reviewed. The Board of Directors, via the Strategic Review Committee, will review all possible strategic alternatives presented, including the execution of YNG's current business plan, and weigh the relative benefits of such alternatives to shareholders. The Company does not intend to disclose developments with respect to the progress of the Strategic Review process until such time as the Board of Directors approves or completes a transaction or otherwise determines that further disclosure is appropriate or required.

What's your take on the PR put out by the company yesterday?

NEWS: check the intro page for latest news as of april 18 and 19th. year end fiscal results 2011 on podcast.

Yukon-Nevada Gold Corp. Announces Year End Results for 2011

6:30 AM ET 3/30/12 | PR Newswire

Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) today announced the financial and operating results for the year ended December 31, 2011. This information should be read in conjunction with the Company's audited annual consolidated financial statements and the related notes contained therein, which have been prepared in accordance with International Financial Reporting Standards ("GAAP" or "IFRS"), as issued by the International Accounting Standards Board ("IASB"); and, the corresponding Management's Discussion and Analysis (''MD&A''). The Company previously prepared its annual consolidated financial statements in accordance with Canadian generally accepted accounting principles ("Canadian GAAP"). A reconciliation of the previously disclosed comparative periods' financial statements prepared in accordance with Canadian GAAP to IFRS is set out in Note 27 to the consolidated financial statements for the year ended December 31, 2011. The Company's 2010 comparatives in the MD&A have restated and presented in accordance with IFRS. As the date of transition to IFRS was January 1, 2010, the 2009 comparative information included in the MD&A have not been restated to be in accordance with IFRS. All dollar amounts are expressed in United States Dollars unless otherwise specified.

Highlights for the period ended December 31, 2011 include:

The Jerritt Canyon Mill shipped 13,864 ounces of gold during the quarter from purchased ore, stockpiles and mining operations, compared with 22,777 ounces of gold in 2010. Total ounces produced for the quarter declined significantly compared with the fourth quarter of 2010 primarily as a result of the Company processing higher grade (and higher cost) Newmont ore in the fourth quarter of 2010 and higher than normal down time as a result of continued delays in the annual shutdown (originally scheduled for June of 2011) as the site waited for key components required for completing the installation of the ore dryer. Jerritt Canyon shipped a total of 67,748 ounces from stockpiles, purchased ore, and mining operations for the year ended December 31, 2011 compared with 65,104 ounces for the year ended December 31, 2010.

The Company took delivery of sufficient mining equipment to ramp up mining of the SSX-Steer mine, as well as equipment for the mill facilities, completed significant upgrades to the lab, continued work on the structure for the new ore dryer, including installation of the bag house and scrubbers (used to reduce sulfur dioxide emissions), and completed the lining of the two new water storage reservoirs with the remaining lining of the second tailings facility to be completed in 2012. The Company also carried out extensive exploration activities in the fourth quarter in Starvation Canyon, Mahala, and existing areas of activity (Smith and SSX-Steer) as well as two of the historical pit areas.

The Company closed a $120 million Forward Gold Purchase Agreement ("Gold Purchase Agreement") with Deutsche Bank AG ("Deutsche Bank") on August 12, 2011 for the delivery of 173,880 ounces over a four year period, commencing September 30, 2011. The proceeds of the Gold Purchase Agreement are primarily being used for capital expenditures at the Jerritt Canyon property, including the winterization of the processing facility, construction of the second tailings storage facility and development of the existing underground and open pit mines in addition to further improvements to the gold production processes to enhance throughput at the mill. The proceeds were also used to repay the senior secured notes issued to note holders led by Sprott Asset Management LP in August 2010 (the "Notes").

On May 24, 2011 the Company closed a non-brokered private placement for a total of 33.5 million units with Deutsche Bank AG at a price of C$0.43 per unit for proceeds of C$14.4 million. Each unit contains one common share and one warrant with a twenty-four month term at an exercise price of C$0.55. The Company also closed a non-brokered private placement for a total of 8.3 million common shares at a price of C$0.85 per share for proceeds of $7.2 million.

The gross margin from mining operations at the Jerritt Canyon Mine was a loss of $2.8 million in the three months ended December 31, 2011, compared with $8.0 million for the same period in 2010, a significant improvement as Jerritt Canyon reduced the processing of third party ore and focused on processing stockpiles and ore from the Smith and SSX-Steer mines. The benefit of processing lower cost ore was offset by the significant down time during the quarter as the operations carried out critical maintenance work while waiting for the arrival of equipment required for a complete shutdown maintenance and upgrade program. For the year-ended December 31, 2011 the operations lost $25.9 million compared with $11.6 million in the year-ended December 31, 2010, primarily resulting from the processing of higher cost third party ores and significant downtime during the year.

The Company had a loss of $7.5 million in the fourth quarter of 2011 compared to a loss of $49.3 million in the fourth quarter of 2010. This lower loss in 2011 is largely due to the improvement in the gross margin from operations and the significantly lower loss on revaluation of warrants largely arose from the loss from mining operations noted above as well as the interest costs on the $25 million Notes and derivative losses of $7.2 million.

Jerritt Canyon Overview

During the fourth quarter of 2011, Small Mine Development delivered 81,843 dry tons to the mill containing 13,172 ounces from the Smith mine, lower than previous quarter deliveries of 87,330 tons containing 14,893 ounces as they focused on capital development during the quarter.

During the fourth quarter, the Company purchased 31,953 dry tons of ore from Newmont, containing 1,643 ounces, at an average cost per wet ton of $93. The ounces purchased and the cost per ton, which is a function of grade and gold price, was lower than the previous quarter as Newmont delivered lower grade stockpiles throughout the fourth quarter and deliveries ceased by mutual agreement after November, with the existing contract expiring at the end of December 2011.

With the commencement of mining at the SSX-Steer mine in the fourth quarter of 2011, the Company also took delivery of 9,051 tons to the mill containing 1,117 ounces. The rate of mining increased throughout the quarter as the Company continued recruiting mining personnel and took delivery of additional equipment.

Equipment failures during the year led to significant downtime for the mill operations. Most of the problems were the result of aging equipment and have largely been rectified following the outages. With the resulting low tonnages during the year, the largely fixed costs (82%) of operating the mill contributed to an overall higher cost of production. The combination of low tonnages and the high relative proportion of purchased ore processed resulted in a negative margin during the year. With the completion of the shutdown in January 2012 the Company expects to be able to increase the daily production amounts and, with a phase out of purchased ore occurring at the end of 2011, will be processing a larger portion of higher grade ore from the Smith, SSX-Steer mine and also from lower cost stockpiles, a significant improvement in margins will be realized.

The surface exploration program in 2011 has identified a number of areas of interest and proven the viability of the East and West Mahala resources which lie between the Smith and the SSX-Steer mine. Additional survey work in the Starvation area has identified further areas of interest that will need to be explored in the 2012 drill program as well. These results have largely been incorporated into a new reserve up date that the Company expects to release in the second quarter of 2012.

The Company will also continue building the necessary infrastructure and making equipment purchases in order to open a third mine on the property, Starvation Canyon, located on the south end of Jerritt Canyon.

Ketza River Overview

For the entire 2011 year, a total of 26 drill holes totaling 9,529 feet were completed at the Ketza River Project. All 2011 Ketza River drill hole assays were in progress as of December 31, 2011.

Questions are being addressed to the Yukon Environmental and Socio-economic Assessment Board ("YESAB") regarding the Yukon Environmental and Socio-economic Assessment Application ("YESAA") that was submitted in late September of 2011. This report assesses the environmental and socio-economic effects of activities and will integrate scientific information, traditional knowledge and other local knowledge. The time schedule for the YESAA review will be a minimum of one year from the submission date.

Various other YESAB work have been completed during the quarter including several meetings with local communities (Ross River, Faro, and Teslin) and local First Nations (Ross River Dena and Teslin) were held to update everyone on the Company's proposed Ketza River Mine Project. Numerous meetings were also held with the Water Board, YESAA, Water Resources, and Energy, Mines and Resources to help address project needs and the water license application for the existing tailings pond. Bids for a new large capacity arsenic treatment plant have been acquired in order to help treat all tailings water prior to discharging into Cache Creek.

Chief Executive Officer Robert Baldock stated, "While the results for the period are an improvement, they do not yet reflect the improvement and progress achieved on the ground at Jerritt Canyon. The replacement equipment, new ore dryer, winterization and other improvements around the installation and commissioning of this equipment has taken priority over the last two months - and the company expects to see an improvement in tonnage through the plant once this commissioning stage is completed. Late deliveries of capital equipment and issues with commissioning this equipment have disappointingly extended this process and the company is working hard to finalize this last stage and achieve steady state operations."

Details of the Company's financial results are described in the audited annual consolidated financial statements and management's discussion and analysis, which will be available on the Company's website, www.yukon-nevadagold.com/s/FinancialStatements.asp and SEDAR, www.sedar.com

Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Yukon-Nevada Gold Corp.

The link is over on the Stockhouse board. It was just posted yesterday or the day before, so it's right there at hand.

oh yea? i will have to check it out. got a link by any chance? i could post it to the board.

thanks in advance.

I bought some more yesterday. Don't know if you saw it, but there's a video over on the YNG Stockhouse board of the CEO at the PDAC show in Toronto. Worth your time to watch it.

i agree.. not much going on today even after they released news about Jerritt Canyon. it has been removed from MSHA's potential pattern of violations list. i just added it to the most recent PR's.

I may have to get some more.

IMO this a screaming buy here. Production is ramping up to about 12.5K oz. per month starting in April. These guys will be a 150K oz. producer per year when that happens.

$0.30 seems like a good price. If I had the cash, I'd buy in. I probably won't get in before it hits $0.40 or $0.50 tho.

how many more decades before yngff shareholders see earnings? if yngff starts buying gold at $1650 an ounce, and waits till gold hits $1,000,000 an ounce, shareholders will receive $0,01-0.02 EPS, i guarantee that

I got my other stink bid in with YNGFF. Dunno if it will go back down to $0.25, but anything's possible in this market. Congrats to anyone who bought in before the jump.

I just noticed they came out with more good drill results again today. This will increase their resources immensely. Now I know why the shares are up today, they actually should be higher.

This is looking like it wants to resume it's move higher, albeit on low volume. I think it's still cheap here.

i agree with ya.. it's up to them now.

this is why this stock is apart of 3-5 yr investment..

We're probably going to have some give back here because the overall market looks like it wants to correct. Management is going to have to do their thing now and execute for the shares to continue higher. It was good news for the plant to reopen, but achieving the production numbers they projected is what is needed now.

yea, that's the problem or catch 22.. no one wants to see dilution but at the same time, if the company wants to move forward with operations, they're going to need the money..

overall, im happy to see them making strides and will add more if i see the price drop.. i think if they meet or get pretty close to their estimates, that drive the PPS up, dilution may not affect the price that much after all..

id hate to see them lose the momentum they had going after the PR's..

The way I see it no shareholder, me included, wants to see more share dilution, but if they need to start operations at Starvation asap to get to some of that high grade ore, I say do what you must do. I think DB most likely sees it the same way and made them the loan. DB, as usual, makes out like a bandit in the deal anyway.

I'm positive in how the shares are holding up here too and if the shares drop on down further I'm going to add. I still think the shares are cheap here.

i think it's a good thing.. we've showed DB that we're a good company and can raise capital when needed so, i think by doing this shows some good faith.

the way i see it, YNG isn't going to be able to have some growth without some risk.. i think when they made the deal with DB, it was great for investors to see as well as the company to grow.. and hopefully get us back to dollar land.

Any opinions on this latest gold lease deal with DB to move the Starvation Canyon concession along? It seems to be getting mixed reviews from shareholders.

nice work on holding that many shares, def more than me but will add more to get my core number up..

you would have a nice return if that go over $1 by next year.. im think by 2015 (as long as the world doesnt end in dec 2012..haha), they'll trading around $1.50-2 share..

i added a "finances" section and a link to the third quarter podcast.. you should listen if you haven't already and hear what they say about uplisting to American Stock Exchange (NYSE).. im pretty sure they mention it in the meeting.. just click the link and scroll down to november 16, 2011..

Yes, I think you're right. The plant was in such bad shape I think it was more feasible to buy the Newmont ore to just fill out the lower production they were doing.

I'm only holding 50K shares at the moment, but I'm thinking if this corrects back lower some I might add some more.

nice work on making some money on them.. i did the same as you but instead of buying to average down, i got completely out in .40's and wanted to buy again when they hit bottom.. not sure where that is but feel .30's might be it.. i have a small amount of shares but once i feel the current PPS has corrected itself, im going to buy a large chunk for the long run.

as for ore, i think they weren't producing enough to process their gold so they had to bring additional ore.. i remember in one of the podcast from a company meeting, the mang team said why they purchased ore but i forget at the moment.

i will post a link on the site board where people can find their webmeetings and shareholder updates.

I've been following these guys for quite awhile myself and bought in I think around the .50 area back in 2010 before they ran up to around .90 then I sold out and made some money. I was skeptical of their being able to survive, but when they did the DB deal I thought that was a big show of confidence by them so I took another position. I've been buying a little at a time on the way down and I'm almost back to breakeven, so I'm feeling bullish on them again. If they can get their act together we should be in for a nice ride higher.

What was the deal with them buying ore from Newmont? I can't recall how that went and why they weren't mining out their own ore.

anytime.. i like talking about this company because i see they have a lot of value and if old investors aren't interested, that's fine.. this company needs new investors to see how the company has progressed over the passed 3 years..

as for gold, i dont think it's going to crash anytime soon either. it doubled at one time in the last 4 years.. personally, i think i may have missed buying opporunities with gold ounces but i believe gold mining companies like this one would yeild higher returns for investors in the next 3-5 years than simply investing in gold itself.. sure if i have like $10K to spend on gold, i would but it's not realistic for myself..

i think the roaster aspect is more of a value if another bigger company like barrick or newmount was looking to buy YNGFF.. i doubt they would (now) but i dont think it's unrealistic if the company shows a lot of growth.

moving forward, i really like this company.. they had to suffer through mang changes and upgrades for the best, now that the company is swining in the right direction again, it's a matter of time before they get noticed by serious investors..

Well, I'm hopeful gold doesn't crash anytime soon. I don't see it happening with all the debt issues that hound the world economies and the continued printing of fiat money. Apparantly DB doesn't foresee any serious drops in the immediate future or they wouldn't have made them the loan.

The way I see it is if the mine is now in good shape and operating up to speed, that's the biggest hurdle. I'm a little fuzzy on them getting the ore required to make their numbers because I know recentlly they were getting much of their ore from Newmont. I assume they can get all they need from Jerritt until they can begin mining Starvation in earnest. As you say the roaster they have is a big plus and obviously not priced into the value of the company. Why that is I still don't understand.

I would agree the execution risk is also my biggest concern going forward, but with all they've going through in the last few years that would seem to be fairly easy to achieve now that the plant is working properly. Thanks for your input, I look forward to speaking more to you concerning this miner.

there's a couple things i think will help this company move.

past history - if you look at the gold production from jerritt canyon, it was producing less gold from 2004 - 2009 and the price was around $1-1.50 up to 2008.. the PPS dropped as investors realized the company was going south up until new management stepped in..

currently - from 2009 to present, new management has done a great job of not only updating their equipment and getting ore to decrease processing cost.. they raised funds to winterized their most important/valuable facility (jerritt canyon) but they done it in a way to limit debt.. also, they have 1 of 3 roasters in the nevada region which is great for them. the roaster is worth about billion dollars..

moving forward - i copied/pasted info from artical which i believe is very true..



Assuming that Yukon-Nevada achieves a production goal of 300,000 ounces of gold by the beginning of 2013, it will be set to generate more than $216 million in opearing income. Applying a conservative multiple of 7 gets you to $1.50 per share, which is a five bagger from now.

Risks

I believe that the majority of risk has been lifted after the company raised $179 million from Deutsche Bank for the winterization and refurbishment of the facility. Obviously, there still remains more execution risk. However, Yukon-Nevada’s problems came from the malfunctioning plant, not from metallurgy or a lack of resources in the ground. Malfunctioning plant is fixable with money. There also is a risk that the money raised will not be enough. Considering that they are almost done, I doubt that they will need to raise more money for the winterization and refurbishment of the plant. But if they do, it shouldn’t be much.

Also, another risk is the price of gold. I can’t really help you here. If you think that the price of gold is about to crash, then you should obviously stay away from this company.

I think that the biggest risk of all is other investors. So far, they have acted impatiently and as if they know very little about the company. There is nothing that will stop them from continuing to act foolishly. Therefore, if you choose to invest in this company, just know that you will need to buckle up or you will be thrown off the horse by the insane volatility created by other investors.

It looks fine to me. Any ideas on what the real valuation of the shares should be now that the mine is operational again? Based of course on them hitting the numbers they're projecting. thanks

i agree 100%..

how do you like the new format of the page? i took about an hour to fix it up and bring share structure, contact info, and PR's up to date..

looks better?

It's logical the shares would be down on this news, but for the longer-term this is very positive news. Capital raise for getting Starvation Canyon moving. There's been a massive move higher in the shares the last few days, but as you said, a breather is to be expected. The value of this company is still very cheap at these levels IMO.

great, thanks for the post.. i've been working on updating the board.. i posted a link for the most recent PR.

Financing News OUT, Share warrant purchase $0.44 by Deutsche Bank AG.
February 08, 2012 12:05 PM ET
PR Newswire Comtex News Network
Yukon-Nevada Gold Corp. Closes $20 Million Forward Gold Purchase Agreement with Deutsche Bank

Feb 8, 2012 08:44:00 (ET)

VANCOUVER, Feb. 8, 2012 /PRNewswire via COMTEX/ -- Yukon-Nevada Gold Corp. (frankfurt xetra exchange:NG6) (the "Company") is pleased to announce that it has entered into a Forward Gold Purchase Agreement (the "Agreement") with Deutsche Bank AG, London Branch ("Deutsche Bank"). Deutsche Bank has funded a US$20 million prepaid gold forward facility (the "Gold Facility") to Queenstake Resources USA, Inc. ("Queenstake"), a wholly-owned subsidiary of the Company.

The Company will use the proceeds for working capital and to further invest in the expansion of the SSX-Steer mine as it ramps up to 1,200 tons per day and to commence development of Starvation Canyon, including portal construction and equipment purchases, as part of the 2012 plan to commence production from that site at the Company's Jerritt Canyon Mine in Nevada.

The facility is a forward contract structured to deliver 27,950 ounces of gold over a 43 month term in the amount of 650 ounces per month starting March 31, 2012. The 27,950 ounces of gold that have been committed under this gold facility represent approximately 3.90% of the gold reserves or 0.90% of the total gold resources at Queenstake's wholly-owned Jerritt Canyon property in Nevada, USA.

The gold pricing valuation has been finalized and subsequent to the receipt of the US$20 million prepayment, which represents an initial pre-payment of approximately $716 per ounce, the remainder of the purchase price for the gold will be paid to Queenstake upon completion of the monthly gold deliveries to Deutsche Bank and will be equal to the amount that the gold price exceeds US$850 up to a maximum gold price of US$1,750.

In connection with the transaction, the Company has issued to Deutsche Bank one share purchase warrant (the "Warrant"), which can be exercised to purchase 40,000,000 common shares (each "Warrant Share") at a price of $0.44 per share on or before February 7, 2015.

Under the terms of the Agreement, in the event that the actual monthly quantity of gold delivered by the Company is less than the scheduled monthly amount, the shortfall can be made up, at the option of Deutsche Bank, by the issuance of common shares of the Company (the "Shares"). The conversion price per Share will be the five day volume weighted average price ("VWAP") of the Company's shares as traded on the Toronto Stock Exchange ("TSX") immediately prior to the monthly delivery date for the scheduled delivery month in which such gold shortfall payment obligation arises, less the discount as permitted by the TSX.

In accordance with securities legislation currently in effect, the Shares, the Warrant and the Warrant Shares will each be subject to a "hold period" of four months plus one day from the date of issuance of the aforesaid securities. In the case of the Warrant and the Warrant Shares, the hold period will expire on June 8, 2012.

Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.

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The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Yukon-Nevada Gold Corp.