Banks Island Gold Ltd BKSLF

RE:NR - Record Production in May With 1,765oz Gold Sales

[Mining_Engineer_UBC]

This is a nice release. Over 1900 ounces of gold in May (1765 ounces payable). That equates to about $800,000 to $1,000,000 in profit for the month (a large sum for a $6,500,000 company). The recoveries are nice too and you can see based on the assays for Disco Level 1 that the 1st 10 days or so of June feed should be over 16 g/tonne even at 50% dilution. It's early, but I'm finally getting excited about boz again. I'm looking forward to seeing how the market responds although I don't expect too much movement on just one month of successful production. Another story line to pay attention to is how Casey Research responds to this. I doubt there is enough here for them to change their hold to a buy, but if they do that would be a huge catalyst for the stock. At any rate, anything over 2500 ounces in June will likely trigger a buy from Casey Research and a nice uptick in the stock. Let's hope for a strong week and perhaps a turning point in this companies fortunes.