RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BHS.V L2 BIDS REACH .15 If silver had been $30 or $40 in the years when you first bought Bayhorse, do you really think that Graeme wouldn't have rushed into production? Of course he would. He's proven it by what he's doing now, in the deal with Ocean. Be angry at the bankers for smashing the price, not at Graeme for refusing to comply and ship $15 or $16 silver, which is an absolute joke.
The fact that he retained all the silver in the mine for this critical moment is going to make Bayhorse Silver the greatest moonshot ever. Rather than make 10x, you'll make 100x, 1000x. Again, just do the calculations for yourself. AISC $7, $50 silver, 1.3 million ounces per annum, = $56 million cash flow. x 30 cash-flow valuation (common in PM bull markets) = $1.7 billion market cap, which is 75x for somebody who buys at today's market cap. At $500 silver, BHS could conceivably go 1000x. If any of this sounds impossible it really isn't. The average penny silver stock went up 150x when silver merely doubled, and one (Coeur) really did go up 1000x.
Harrison was obviously a misstep but that's done now. I understand why the CEO got into it, because the elderly geos (Dr Peter N. Bell calls them "legends") were apparently extremely excited about Harrison. But the CEO has listened to the criticism and dropped it. It's done. Pure silver production from here onward.
By the bye, I'm not culpable for what somebody else has or hasn't said, because this is my first time posting here.