GREY:BYVVF - Post by User
Comment by
threepalmson Sep 28, 2013 11:04am
338 Views
Post# 21775388
RE:Newgold talking about Rainy River
RE:Newgold talking about Rainy River
I have followed every player in Rainy River for years.
NewGold sees this entire area as a new District.
Each of the following companies are actively exploring or holding on tightly to their property holdings in this area.
Bayfield, King's Bay Gold, Coventry Resources.
All three of these companies have properties that are important to the overall long-term prospects of the Rainy River project. Newgold acquiring RR is just the beginning of the process of creating a new mining district.
I stated here some 18 months ago that Bayfield management were handling themselves exactly as they needed to in order to make their property a must to the RR project.
This entire district will begin smoking likely early in the 2014 drilling season.
If You own any of these three junior explorers....Hold on to those shares because in my opinion they are all companies with a reasonable risk reward factor.
BTW. once the RR area is under lock and key focus some DD on the Lake of the Woods area.
That area is potentially going to come back to life next.
Good hunting everyone.