@dudex25 on ceo.ca repeating the usual fud about Bayhorse and is pumping Vangold instead. Even I spoke favourably of that stock here a couple of weeks ago at half its current price, and I have owned it myself for a long time and love the company. But it now has an mcap more than 3x higher than that of BHS now that GV is shilling it all over Twitter and WallStreetSilver, so hardly something to sell Bayhorse for and fomo into now. Why wasn't he telling BHS people to buy VGLD when it was half the current price? Why only turn up now and try to get people to rush in at a $100+ million mcap? I can't stand people who do this sort of thing.
He is especially concerned with Bayhorse's "small" resource estimate. As I have said before, Bayhorse isn't a conventional "paint-by-numbers" stock; owing to historical data they were so confident in their property that in the beginning they were not even going to bother with resource estimates and were simply going to mine the mine like Impact Silver and the miners of old. That's one reason why Bob Moriarty loved it at first and has made it his 5th-largest position. "That's a lot more valid a business model than drilling until a project looks like a giant Swiss cheese, losing money and diluting your shares all along the way."
https://stockhouse.com/companies/bullboard/v.bhs/bayhorse-silver-inc?postid=32637738
We already have 6.5 million ounces and drilling according to Graeme will probably add 5 million more in June/July and in my opinion that's only the beginning. A friend of mine did some research last night and discovered that Bayhorse Mine used to be owned by a company called Silver King Mines. It was producing 170,000 ounces a year and my friend went on to remark "if they were able to produce that much, imagine how much they will produce with Graeme's ore-sorter and modern mining technology." (We already basically know as far as capacity goes, up to 2 million ounces under current permits).
Recall also that Bayhorse only shut down because of low silver prices, not deleted resources, just like Vangold's El Pinguico, and that Bayhorse is recognised as the largest silver deposit ever discovered in Oregon. El Pinguico has no resource estimate estimate either and El Cubo has only, what, 27 million AgEq (_not_ Ag) ounces? So he's hardly justified in pumping VGLD with more than 3x our mcap even on the basis of official resource estimates. VGLD has blue-sky potential vis vis the Veta Madre but so do we vis vis Brandywine. And Bayhorse Mine itself has a great deal of it also.
@wanderer9641: "I have followed BHS for a long time - G suspects the face extends down past the lower adit - not 22 ft but well over 70+ feet down and in the PDF (page 11) some geos suspect a lot more."
Remember also our high grade--21 ounces per ton is no joke--ultra, ultra-high grade, the highest grade of any developer or explorer according to CMC resources. @dudex25 gives $20 as the AISC which is ludicrous and shows that he hasn't done the bit of research; it's $10 not $20, he only needs to look at the grade to understand that. @cornhuskergold just rightly corrected him: "AISC will end up being something like $5 - $10 / oz." (If it turns out to be $5, even better.)
He also keeps going on about $27 silver as the benchmark. Most of us aren't here for $27 silver even though granted BHS is highly profitable at $27 silver and is still trading at just over 1x imminent cash flow. Most of us here are silver bulls like Sprott, "seeing the future early" and understanding the ridiculous leverage that this stock has at higher silver prices (to the extent that a 100x or even a 1000x is clearly conceivable on the basis of prior silver bull markets). According to Don Durrett only 18 silver companies in the world can do more than a million ounces a year and we're about to do over 1 million and can eventually do up to _2_ million, and yet we still only have a $30 million mcap! It's utter madness.