Bayfield Ventures Corp BYVVF

RE: Let's do the math...

[taylor1988]

We deserve to be trading at this level as you're only giving Bayfield credit for its Burns Block and assuming they have absolutely no value in their much larger C block as well as the B block just to the east of Rainy River's gold zone.  As well as the fact that your math was based on 0.5 g/t gold and our grades shown by the drills alone are proving to be much closer to 1 g/t at least or more.  While this story may not be as high grade as we once expected we've simply missed on recent holes as stated there's still much more drilling to come.  You're also giving no room in the market cap for speculation and expansion of resources which is obviously quite possible in the middle of a massive drill campaign.  Technically the stock was way overbought above $1.20 but coming down to this level is a fair price for accumulation I believe, while they're not hitting as high grade as we'd like they're still not missing as I see many companies do with drill results.

Look at GLD - Augen Gold and TRR - Trelawney, GLD is trading at 1/5 it's market cap just based on an area play with almost no drill results to date.  RR has a market cap of almost $1 billion and our valuation is 1/20th of that.