Oh, I can fill you in. Lost my shirt on that one. I caught wind of YZC as it approached $1, and put a LOT of money on it. I know a lot of people in the mining indurstrty, and by all indications, this was a bo brainer to become a mine. Anyway, Harlan Meade, who basically discovered the deposit, thought he would try to make this a mine on his own. In the time leading up to the release of the feasability study, zinc was a hot commodity and American funds were buying this up, and the price continued to creep up. that is about where I entered.
When the feasability study came out, there were some gross errors in the calculations, and it was halted. Not that the numbers really made a huge difference, ( they were good enough to become a mine) but the American investors bailed right away, probably because if management was too incompetent to write a feasability study, they prob couldn't run a mine.......
By the end of the day, it had dropped to 50 cents, I couldnt believe that a sure thing mine wouldnt bounce back. It kept sinking lower, languising aroudn 12 cents for a while, until the Chinese came knocking, and bought it out for about 21 cents.
The lesson I learned about the juniors was you dont buty the property.... you buy the management.. that being the case, I wouldn't touch SWN with a ten foot pole.
Today, YZC is an operating mine called Wolverine. Chinese are taking home the resource, and the profits. They got my shares cheap enough. I will try to find an ode that I wrote to that massive failure, and post it later.