MiningNo matter what the news is on Monday we need to pay attention to how Bayhorse is actually mining whatever deposit it turns out they have.
Are they pulling rock out of the mine? Is it a decent grade? Is it being processed?
If the Monday news turns out to be a 43-101 we need to read that in light of the fact BHS actually has an operating mine. All the CAPEX junior miners have to pay up front to actually mine a deposit has already been spent by the people who mined this in 1984.
I am not expecting a huge (read 100 million ounce) resource estimate. What I want to see is enough mineralization to carry the company forward for several, profitable, years. They can explore for more as they are mining and pay for the exploration by selling, well, silver. Start with a couple of million ounces and work up from there.