RE:RE:RE:RE:Fun with numbersHey all. Everything is dependant on what happens at the Bayhorse mine and what the numbers come in at once the company gets a handle on the all in costs. Remember now that they have basically went into mining without a prefeasable study. This is a risk but because they do not have to build a traditional mill and deal with tens of millions of capital to get this going we are in a way better program. This is basically a quarry operation, underground yes, dense media separation mill yes and a million dollar sorter yes, but this is minor capital expenses when considering a traditional mining operation. This is pretty cool for a mine and should be really low cost.
That is why I am thinking this could very well be a cash cow for the company if this all legit as I see it. Once things get rolling and we some hard numbers then we can all have a good discussion on the mine. Until then we are all guessing. But like I have said before, you should look at some small producers that are operating especially in Mexico and compare what they have going on and their valuation. Then compare to BHS. Then look at the share price.
I am buying more as I see amazing returns in 2018. Do you?