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Bayhorse Silver Inc V.BHS

Alternate Symbol(s):  BHSIF

Bayhorse Silver Inc. is a junior natural resource company, which is engaged in the acquisition, exploration and development of natural resource properties. The Company has a 100% interest in the Bayhorse Silver Mine, Oregon United States of America. The Bayhorse Silver Mine and the Pegasus Project are 44 kilometers (km) southwest of Hercules Metals’ porphyry copper discovery. The Company also has an option to acquire an 80% interest in the Brandywine Property located in British Columbia, Canada. The Brandywine Property is located near Squamish, British Columbia.


TSXV:BHS - Post by User

Comment by Henrich428on Feb 24, 2021 1:42pm
166 Views
Post# 32648434

RE:Congratulations

RE:CongratulationsI'm definitely not selling anything. I think it's important that we collectively avoid a short-termist profit-taking attitude and remain strong-handed, that will build confidence in this stock. To my mind this isn't a penny flip or a quick trade to jump in and out of, this is a company to hitch our wagon to and truly believe in. I suppose I could understand somebody selling if the mcap went parabolic to some ridiculous level like $100 million, while paper silver was still $27 an ounce, and (say) a comparable stock like Vangold was still at $50 million. That would be a short-term parabolic bubble. But we're still trading between $35-40 million, which is about 2x near-term cash flow; and a $40 million mcap still yields about a 50x gain at $50 silver. So I see no good reason for somebody to sell now. The line on the chart _looks_ parabolic but that's simply a consequence of people waking up to the Bayhorse fundamentals and correctly re-rating this company as a _producer_. It's no more parabolic than Vangold is parabolic for the same reason right now.
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