Banyan is Not For SaleThe CEO stated that Banyan is being developed from an explorer all the way to a producer. Banyan is looking at at 3 - 5 million oz as the base case to get funding for a mine even for a major to be inerested, but it dose not sound like banyon is looking to sell. This will keep the sp in the current range for some time to come. Normaly an explorer is happy to see take out prospects and investers are happy to speculate they will get good value for the gold in the ground from a well funded major ready to build a mine.
So I am not seeing much down side here at current prices for the long term but not expecting to get rich in the short term. I think if the resource is calculated at 3 million oz next spring with a further full year of exploration already funded we could get another spick up, but when everyone is still looking for more drilling and more gold runway it is hard to imagine getting full vlue for the gold in the ground. Maybe, 5 or 6% or $150 - 180 million or in the range of $.50 - .60 cents per share. That is my opinion and my rational for buying more for the long term. DF