GREY:BYVVF - Post by User
Comment by
threepalmson Mar 17, 2014 11:03am
289 Views
Post# 22331317
RE:RE:It will happen
RE:RE:It will happenTo understand what the future is for Bayfield one needs to apply the economies of scale rule.
Newgold has already suggested in it`s past disclosures that they see this Rainy River Project as a NEW EMERGING GOLD DISTRICT.
Newgold is a consolidater..that is a given. Therefore Newgold when they are good and ready will consolidate this entire district.
That means that EVENTUALLY they will acquire the lands that Bayfield owns. They will acquire the important Mafic Structures that King`s Bay Gold owns and they will acquire the large track of lands that Chalice Gold owns.
The only risk here is to Newgold. The longer they wait the more work that Bayfield will get done as hammer suggested and the more exploration and discoveries KBG and Chalice will make. Case in point KBG will complete a 1000 ton bulk sample in about 8 weeks. That bulk sample will likely confirm that there is high grade gold at surface on the KBG property.
If Newgold waits for KBG to complete the bulk sample the price lfor that property ikely goes up exponentially.
Sometimes it is easier for a major like Newgold to wait until the resouce gets proven out than it is to try and sell further acquisitions to their shareholders prior to such events.
My recommendation is buy shares in every junior active in the district in question. Eventually that should pay off.
Personally, I hope Newgold keeps their hands in their pockets until this time next year.
Prove it out and they will come.
Forget about Newgold. Wo cares. Just prove out the ounces and they will come eventually.
PS In the case of KBG and Chalice they don`t need Newgold...Newgold needs them even more imho.
Bayfield management know exactly what to do and they will get it done.