RE:Hmm Just Hmm!Funny enough Goldshore has 5 million ounces much higher grade but higher strip ratio so good and bad. Their PEA is on schedule for about 3 months out. Expectation are the PEA will be good so it should be trading pretty high but the market cap is less than 30 million. So in theory Banyan should be trading about the same level if the PEA is all that important lol! Banyan is still grabbing a premium based on closeness play!
The problem is that alot of assumptions make no economic sense. The big one was Victoria Gold would take it over and it still might based on share price they both s'uck. The other one of course was based on the relationship of the CEO's. Final one was closeness to Eagle but the grade is so low their is no economic play to be had. You cannot move grades this low more than a few kilometres. In fact, I was reading a report from another low grade deposit that did an analysis and they concluded on thier own deposit which is about the same grade they could not economically move it 15km.
So they need some better grades going forward or the price per share will continue to trend down unless gold price begins to trend up!