Banyan Gold Corp V.BYN

Alternate Symbol(s): BYAGF

Metals & Mining Gold

Banyan Gold Corp. is a Canada-based company, which is engaged in the business of exploration and development of mineral property. The Company holds three main projects in the mining friendly Yukon Territory: AurMac Project, Nitra Claims and Hyland Gold Project. The Company’s flagship asset is AurMac Gold Project located in the Mayo Mining District. It has earned a 51% and 75% interest in and has the right to earn a 100% interest in each of the Aurex Property and McQuesten Property subject to certain royalties. The AurMac Project covers over 173 square kilometers (km2). The Nitra Gold Project is located in the Mayo Mining district, approximately 10 kilometers west of the AurMac Gold property, within the traditional territory of the First Nation of Na-Cho Nyak Dun. The Nitra Gold Project has around 1,442 claims (296 km2). The Hyland Gold Project consists of 927 active Yukon registered quartz mineral claims totaling over 18,620 hectares in an area that is road accessible from Watson Lake.

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Banyan Gold Corp

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Post by guerreiroon Jan 16, 2021 10:26pm

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Post# 32314535

Stock structure

Good points Yoshka2000. look at the stock structure. Would they be considering a roll-back at this time. I am a bit worried about the over dilution and large amount of cheap warrants and options outstanding. ( Perhaps I made a mistake getting into earlier and I have decided at this moment I am even planning not to averaging down to avoid the major risk of losing more).

It does sound like a great property, however; they are only able to drill in June and results in Oct 2021.( 6 months of more money being locked in).

I am not knocking the company or management, just trying to bring things into perspective. ( sometimes the higher the risk the higher the reward).

Do your own DD, as I made a mistake on jumping in too quick by listening to a stock broker and not doing my own DD. too late now.