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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 Tinhoson Aug 26, 2021 10:48am
117 Views
Post# 33767022

RE:ceo.ca

RE:ceo.caAs was also noted by others, the largest number sprayed on the bags was 64. If they are all 1 ton bags of concentrate (not other stuff!) and shipments go in lots of 50 tons concentrate per container, it would mean that Bayhorse is roughly one third into the production of a second container.

However, to be clear, I do not have any information if the first 50 tons of concentrate have been shipped or how concentrate delivery is going to be arranged between Bayhorse and Ocean Ltd.
I do remember that G mentioned that Ocean might want to do their own assays for quality control before processing further. This might be relevant when the delivery is legally achieved and payment can be triggered. There might also be other shipment arrangements, like 2 containers or other numbers and this would postpone a shipment date. I did not get any information on my question if shipment owuld be announced in a news release. This might be sensitive information in case Ocean rejects a delivery if the qualitiy control they do is different from Bayhorse values. Obviously, this is all complicated business information.  

But even the information if Ocean will do their own assays or rely on the results provided by Bayhorse I do not know for certain. This is obviously insider information, which cannot be revealed. So, any "urgent wishes" about when delivery can be officially announced are still pure speculation. 

What I also  remember is that the price that Bayhorse will receive is the spot price minus the processing fees from Ocean Ltd. This is why I posted some time ago that it is a good idea for Bayhorse to do their own processing in Thailand and selling silver directly in Asia as this would be for spot price plus premium for physical silver.

In case you are interested how and why the spot price of silver is "regulated" and how such big silver crashes can happen, I recommend the "Live from the vault" series on Youtube by Andrew Maguire.  They are a bit technical for non-finance people but still informative.
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