Yukon-Nevada Gold - Jerritt’s potential now being realised
Jul 12th 2012 - Edison Investment Research today published a report on Yukon-Nevada Gold entitled "Jerritt’s Potential Now Being Realised". In summary, the report says:
Yukon-Nevada Gold (YNG) has reached a new level of confidence in its ability to mine and process gold ores. It stated on 18 June that it had been processing an average 4,112t of ore per day, an important milestone towards achieving its forecast 2012 production target of 140-150koz Au. This has only been possible with the US$200m+ financing via off-market forward gold purchase agreements and private equity raisings. We forecast YNG moving strongly into profit by end 2012 as it achieves its production target, and we value the company’s assets at US$0.56/share (at US$1,600/oz 2012, reducing to a long-term US$1,350/oz from 2014 and a 10% discount rate). Further upside is geared to YNG using its plant further by establishing unit-cost-friendly...
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