Quote:
Originally Posted by highfive
Jason - are you still holding CLL at all?
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No sir, sold at .97-.98 a while back, within two weeks of the 4th quarter 2011 financials.
On the subject of being down 35% on YNG, I wouldnt sweat that too much, listen to the podcast for 4th quarter 2011 and do the math on the current output of the mine....
Avg of 3700T per day, at approx. 6g/T, 22200g/day (or 792.85oz/day) which puts them on track to hit 289390oz by the end of the year.. taking into consideration the lower numbers during initial commisioning, scheduled maintenance, and a slight contingency factor for unexpected repairs... they should easily hit the magic 150000oz target for 2012. Also consider the actual capicity of the mill is more like 7000T per day but they are not permitted to process that amount of ore so production will be limited to around the 4000T/day mark until all the start-up bugs have been sorted out and they can supply the monster with enough raw ore.
They no longer piss money away paying a third party to haul/mine/supply the ore... things are looking up for that company! Market cap of 250M.. there is junior miners out there who have market caps of 250M and are non producing and non proven (See V.SLI as of 6 months ago).
I am actually looking to purchase more YNG, but cant move money around until I sell some of the other garbage I have recently purchased lol.