Just Thinking Out Loud observing the trading in BAY , following the Depth charts live i notice our largest sellers it now seems , have switched sides and now are bidding up the share price while they rotate their books..
The Long weekend here in Canuk land will see the Can..markets closed Monday .
Recall what happened last month when news out of Aussie"s was out 48 hours prior our markets which cause alot action in BAY share trading. The current action on the depth chart tells me that we"er in for some major news as the market always seems to knao in advance.
I think for sure now that AWM has 80 % of a surface DSO seeing 500,000 tons minimum ( in my opinion ) of dry bagged chalcocite with no impurities will move the program alot faster .
Currently BAY has 20 % of value which sits at roughly $ 1 Billion just on surface and only in a small area between the 3500, 2750,2200, and 4100 zones..
The mid level drilling current 5 holes has hit a discovery around the same Horizon at a depth of 250m to 375m and has detailed a large block of minerialization of chalcocite.
This early stage drilling has proven a large system sits below and further down at Depth more larg e anomalies are now detailed to-be with-in reach to mine,..
Bay , due we sell the 20 %,..
keep the 20 % and fund our share,.
merge with different terms,..
form one company BAW
sell 1 % royalty for 5million
share holder may have to vote on some sort of transactions
BAY ,,has a free carry ride until AWM makes a decission on their next mives,..
The curtains are stating to cascade,,Long BAY,
Let The Drills Be Our Friends
Traps7