Quote:
Originally Posted by lowside67
I am amazed that YNG releases news that they have more inferred resource on the property (quite a bit) and no change in the share price whatsoever!
Mark
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Management made one key mistake in purchasing third party ore, then the BOD rejected the capex budget and delayed much needed repairs to the roaster... those two actions are what really hurt the share price.
Sooner or later investors will take notice, maybe it will take a quarter or two, but when it happens, I expect some very sharp increases in share value.
Adding to the resource base is great news, the company "on paper" looks to be very profitable in the future, and knowing they have the resources to keep the mine operating in the long term is news that IMO did not receive the praise it deserves.