GREY:BYVVF - Post by User
Comment by
carinthianon Sep 19, 2013 3:34pm
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Post# 21752552
RE:Reply to Carinthian
RE:Reply to CarinthianWonderful that you read the details of drilling online.
As you can see from the links in my previous post Bayfield got the rights on the Burns Block optioned it to Rainy River (3mio over 3 years for 60%), they did as it seems at least one hole - I found a press release on Rainy Rivers Site saying "Robust Gold Intersection Recorded On The Bayfield "Burns Block" Another New Gold Zone Emerging Along Rainy River's 17 Gold Trend". September 16th 2008 - and when the financial crisis hit 2008 they cut capital spending which meant they cancelled the option agreement and confirming them "Burns Block has excellent potential to host commercial grade gold mineralization at depths below 400 metres".
And you are for sure able that not the economic meltdown in the junior explorers but the reason was that they did some drilling in the north west of the Burns Block while Hole 08-258 did intersect 25,5m at 1,57g just 60m west south west of the Burns Block?
With all due respect if their geos are that good they already would run their own companies.
Frankly spoken In my eyes you are writing a lot of words with little content as all you want to say is the property does bear no value but are unable to clearly state why. You once wrote the gold is too deep. Are you capable of judging how a combined underground mine plan would look like or how upfront expenditures could be decreased if buildings would not have to be built on swamp but on dry ground instead? Me not.
And of course that is one reason it does feel good to know Doug Casey likes this stock but at least they explain why this is so. At least he does have a little money in his pocket which was made with juniors so...
just my thoughts. dyodd
carinthian