2022Bayhorse Silver announces 1st quarter results.
563,421 ounces of silver mined. Guidance for 2022 increased to 1,2 million ounces.
AISC brought down to 13,5$. Average cost of sales 30,4 $/oz.
Share price rallies 7% on the news to end the day at 3,04 CAD.
If this scenario has even only a 5% chance of playing out and all 95% other scenario's lead to bankruptcy, then BHS is a buy at this price.