GREY:BYVVF - Post by User
Comment by
gamblor77on Sep 09, 2010 7:21pm
473 Views
Post# 17431655
RE: RE: The real Question is?
RE: RE: The real Question is?Honestly though I don't think the buyout is the real end-game here, well it's not the biggest part of the story anyway. It is a very plausible by-product but proving up the gold is the main concern IMO. Most juniors explore in hopes of a buyout and the odd one continue on to produce if they get enough funding.
The fact of the matter is Bayfield is proving up gold in an existing gold district and are literally bordering a 5 million ounce deposit. They are not even 1 mile down the road but essentially INSIDE the Rainy River deposit, what a growing thorn that must be in their side mwuahaha. The drilling has already begun to prove that Rainy River's gold continues onto their land and not just a small piece of it either, quite a significant amount in the early stages from the looks of it.
From my experience; when a company begins a drill program and it seems like they can do no wrong and keep finding gold... it's because there is SO much gold they cannot help but find it. I'm not exagerating when I say that either, it's the nature of geology.
It also makes life much easier on the geos and management and especially the shareholders.
I believe this is a very significant discovery on Bayfield's part and really is the tip of the iceberg. At this rate if we don't see $2 in the next few weeks I will be extremely surprised and maybe a little dissapointed but only at the market's blindness.
Only time and more great assays will tell the tale.
GLTA.
Gamblor.