RE: RE: RE: RE: RE: RE: RE: RE: Bluesteele...Are y Dutch
The junior market is saturated with salesmen...Trying to justify why you should buy their dogchit...
When they fail to deliver...they come up with excuses. It's up to you to determine who to trust and who to put your money with.
What baffles me is that the junior market is in tatters...as we are all aware...and yet people still choose to throw their money at companies of questionable value...Honestly, their are companies out there with 1.5 to 3 million oz in the ground, trading well below a buck. Trading for Dimes on the DOLLAR of what they are worth and people still choose Pie in the Sky opportunities.
Seriously...80 acres...with mineralization WELL BELOW the surface...and you're going. Hmmm...It think it sounds like a good deal? Astonishing really!?
It's all about Risk-Reward...and quite honestly...Their are a ton of opportunities in junior mining that put this to shame in relative terms IMO.
Think about it...Your not betting on management, because quite frankly they are not only at the mercy of the market...their hoping for the charity of Rainy River. BYV is not in the drivers seat to make a decision here. They need the takeover IMO And if companies can now buy quality ozs for a fraction of what they're worth...Why would they consider buying the Burn's Block at a decent price when they know that Bayfield has virtually no other choice...RR knows they have BYV by the short and curlys from a negotion standpoint. Wouldn't you think?..if they are even at all interested.
I'm not disgruntled...been gone from this hype a long time ago...Just adding my 2 cents as someone needs to be the voice of reason here as few seem to really understand the logic of economics.
T2