RE: RE: The Bottom Line #2!!! Toasted2, I appreciate the civil manner you express your points even though I take issue with some of them.
There are 5 significant reasons that investors are better off to put there money elsewhere in my opinion. The micro-economic factors: First, many investors question the past success of this management team; namely CYP, and MPS. Past success or failure may be indicative of success or failure moving forward. Second, the property in question is very small...80 acres as I recall. Third, much of the mineralization people are now referring to is 300-600 meters below the surface...(Aproximately a 1000 to 2000 feet). Resources at this depth are often abandoned as uneconomic unless they have either significant tonnage and/or grade. Fourth point, all have agreed, this is a takeout opportunity that relies on the fact that a single company, Rainy River, may or may not take them out..Correct?...Realize that any company having a product or service appealing to a single client is also very likely to have to take a big discount on a sale as Rainy River can present a take it or leave it offer...Bayfield really has little point for leverage as far as I can see. Lastly, as I mentioned from a macro economic standpoint, there are a lot of other companies out there that have a more favorable risk-reward even when you factor in politics from other areas of the world...
Please feel free to correct me if i am wrong...
"First, many investors question the past success of this management team; namely CYP, and MPS. Past success or failure may be indicative of success or failure moving forward."
It is not unusual in the junior market that companies with high hopes fail in certain projects yet persist in their endeavors to try other properties and end up being successful. Take example, Exploration Orbite (now Orbite Aluminae ORT: TSX) established by President Pierre Grevy in 1983 to explore precious metals. The company was going nowhere until August 30, 2005 when Pierre Gervy purchased the Grande-Vallee property OF ALUMINOUS CLAY located 32 km north-east of Murdochville, Gaspe Peninsula, Qc. The property is composed of 12 map-designated claims ("CDC") covering a total surface of 676.5 hectares. They have proven up 1 billion tons of Alumina plus an assortment of Rare Earths on just 5% of their property. They have 16 patents that will revolutionize the Alumina industry. Just because Pettit & Co have faild in other endeavors does not proclude them from being successful with Bayfield whose property is an extension of Rainy River who will buy them out IMHO if the grades are good enough. Some believe they are and others like you believe they aren't. Time will tell.
Second, the property in question is very small...80 acres as I recall.
Bayfield is announcing drill results equal to RR on that property. 100 acres is enough to find a Bonanza amount IF they continue to have Bonanza results. There are those who feel they are on track and will have the numbers for a good buyout. You feel differently based on your calculations. Time will tell.
Third, much of the mineralization people are now referring to is 300-600 meters below the surface...(Aproximately a 1000 to 2000 feet). Resources at this depth are often abandoned as uneconomic unless they have either significant tonnage and/or grade.
Rainy River has announced their plans to build a mine deep under. They feel its economical. Adding Bayfield's finds is a natural. (AS LONG AS RR STICKS WITH THEIR PLAN OF BUILDING AN UNDERGROUND MINE)
Fourth point, all have agreed, this is a takeout opportunity that relies on the fact that a single company, Rainy River, may or may not take them out..Correct?...Realize that any company having a product or service appealing to a single client is also very likely to have to take a big discount on a sale as Rainy River can present a take it or leave it offer...Bayfield really has little point for leverage as far as I can see.
Mergers and aquisitions happen all the time very often with deals concluded that makes little sense to the investor. Osisco buys Queenston mining for a deal worth $550 million and have done nothing with it. etc. etc. etc. Bayfield is tied to RR's pit. RR knows the money Bayfield invested in proving their resources. If the grades are good enough and the amount id lucrative there could be a deal at higher prices than the SP is at this moment. Again, those investing, feel a deal is in the bag with RR who have an idea what BYV is proving up. Those not investing feel they want to see a resource count as there are too many other juniors with great NI43-101 resource counts at very discounted prices.
Lastly, as I mentioned from a macro economic standpoint, there are a lot of other companies out there that have a more favorable risk-reward even when you factor in politics from other areas of the world...
I can show you a slew of companies from the venture market with great fundamentals who should have a very favorable risk-reward from a macro economic standpoint that are doing terribly, much worse than BAYFIELD. The important thing is to do your DD and PRAY. Where do you find most prayers recited with fervor by those found in that particular edifice. If you said, Mosque, Church, Synagogue, Temple, Chaple, etc. You would probably be wrong. If you said CASINO, you would probably be right.
Todat the market is being manipulated by the shorters, high frequency machines, banks, houses and financial institutions that are gunnuning for the retailers, THAT'S YOU!
So do your DD and PRAY and may you all beat the system and make some money. GLTA