Bayfield Ventures Corp BYVVF

RE:My take on Bayfield. Reason for optimism.

[CentaurusA]

Re-editing one sentence in my last post for clarity since it needs to be reworded. "So, it makes perfect sense to do the takeover because the higher building costs incurred by Newgold without a BYV takeover would be offset by the lower building costs with a BYV takeover, and therefore the cost savings alone would pay for the acquisition of BYV. In addition to this, all the gold and silver on Bayfield property would essentially be acquired for free if the building cost savings will be equal to the cost of taking over BYV." Now, we should ask or try to quantify just what the intrinsic metal value of the Burns block is in addition to the building cost savings that Newgold would get in the takeover. I see no reason why BYV should accept anything less than fair value for high grade gold and silver ounces insitu. An updated 43-101 report would give the resource some solid numbers based upon drilling to date. If Newgold waits to do a takeover, and the gold and silver prices rise significantly, then the takeover will cost that much more. There could more than a million high grade ounces just on the Burns block alone, and if gold moves up to 2,000 per ounce, then a million ounces would be very valuable. So, there is no hurry while we wait for an updated 43-101 and much higher gold and silver prices. If Newgold is going to be cheap with their offer and if it is declined or rejected, then it will cost them that much more to build their open pit mine without the BYV takeover. So, Bayfield shareholders are in a very strong position regarding the pricing of any takeover offer, and ought to reject any sort of lowball bid based upon all the above.