RE:Webinar Great summary.
With the volatility in these markets, I think that most folks that have a diverse portfolio and have seen BHS only be a drag on their overall returns, will be pleasantly surprised in 2020 that this "little company that could" - actually start making money.
There are so few low-priced minnig companies that have what we do and if we really go into production soon and the money starts pouring in, even just a few investors will flock to the stock as it were driving the price up.
Junior explorers are basically educated gambling ventures. Small producers that are profitable and are PREDOMINANTLY silver are rare birds. I think a lot of folks have been waiting on the sidelines waitng for them to deliver on their promising story.
Remember, good news begets good news, good news brings in new investors and in this tiny community where all OTHER sectors seem to be harder than ever to find value, word spreads quick.
High hopes for the high horse. Let's see what she can do.........cause if funding is the only thing holding this stallion back and G is using past tense......whoah mama, the giddyup train is back!
CaptainDuff wrote: I was listening in.
GO made more than a few points but here were three which struck me.
1. Cash has been incredibly tight. It has been impossible to get sufficient working capital and that has slowed the project a lot. But Graeme seemed to be using the past tense a lot. Has something changed?
2. It costs money to run the mine. GO drives me nuts when he wanders off into calculation land but the bottom line is that you really cannot mine and process unless you have the cash to pay the miners and the processors. I think we all understand that. See point #1.
3. Assuming working capital, the Bayhorse mine could be very profitable from the get go simply because it has already paid down its very small CAPEX of less than 7 million dollars and an AICC or less than $10.00 an ounce. And that is with $15.00 silver. Many of us are pretty convinced that $20 silver is likely and $30 silver is not out of the question.
I was interested to see BHS volume spike today. 568,000 shares. Someone is liking this story.
Giddyup!