RE: RE: RE: RE: RE: RE: Welcome Sccool50 Flop
No question...It's "closeology" what better place to find a deposit than next to one...
There are several problems here though...Looking at managements transactions on SEDI.
They have a history of receiving incentive options...excercising them, then blowing them out the door...So if management doesnt want to maintain their positions in this company...What would make people think management is confident in what they have?
Keep in mind management has done this with their other companies as well...
The "options" are kinda like milking cows...no?
Secondly, this property is TINY...It is not a stand alone from what I can see...Rainy River is going to have a mine regardless...Bayfield is going to have to spend a great deal more money just to provide anything remotely sexy to RR. How much dilution is required just to receive a potential low ball offer?
One other poster on this board was hoping for 500,000 ozs...Bayfield is already trading at a premium to this figure based on $50/oz in the ground.
The pumps we can see from Casey appear to be paid for (through Sponsorship)...which doesn't look good either...
So where is the substance?
T2