Bob Moriarty talks up Banyan . We agree ! Sent in by The. Lurker, TY !
Goldfinger:
Yeah, it seems like the scale here is really almost unprecedented and especially if they hit some of these targets to the south, this could be just mind blowingly large. Hopefully, they have good results with some of these step out holes in the south.
There’s another stock, a Canadian gold explorer in the Yukon that we’ve talked about previously a couple times, that’s Banyan Gold (TSX-V:BYN). Banyan is actually one of the few gold juniors that’s making new all time highs as we speak. They’re going to be coming out with an updated resource for their AurMac project in the Yukon in the next several months, probably in the May/June timeframe.
Speaking of scale, Banyan has some pretty impressive scale too. At Powerline, they put out news recently showing that they’ve extended the power line deposit to the west. We’re talking about a deposit that is over 1,200 meters in strike length (east to west) right now, and they still haven’t found the edges of it. As they step out, they keep finding more and more gold. This is something that is going to be many millions of ounces of gold when it’s all said and done. The market cap is still under $100 million. So, what are your thoughts on Banyan and what is it going to take to get some of these juniors to get more respect?
Bob Moriarty:
Both good issues, really important. I’m actually glad you brought that up. I happen to know Tara Christie really well, and I’ve known her for 15 years. I have the utmost respect for her. Tara Christie is absolutely a wonderful person and a brilliant geologist. They’re doing great stuff up there. They’re finding lots of gold. Yes. It could be multimillion ounces and I’m thrilled that the stock price is performing so well.
Now, you raised an issue about juniors and it was kind of what’s happening with juniors. The delays in assay results are absolutely destroying the junior minor sector because it is taking months and months and months and months to get assay results back. You just can’t do that. You cannot run a drill program where it takes you six months to a year to find out what you’ve hit.
The assay companies need to get their act together because they are costing investors billions of dollars. That said, there are more good stories right now than I have ever seen in my life. You’ve got Eskay. You’ve got Eloro. You’ve got Newfound Gold. You’ve got Labrador Gold. You’ve got Lion One. You’ve got Irving. These are all extraordinary stories and for the most part, most of them are very near all time lows. When the financial risk is highest, which it is in my opinion, and you’ve got these stocks that are already in the bargain basement, I don’t think you can go wrong. When you’ve got the opportunity to invest in somebody like Tara Christie, I love Tara Christie. She is just wonderful.
Goldfinger:
It’s interesting that you mentioned the slow assay labs. Banyan’s actually working on getting their own third party lab right near their project, because they’re doing so much drilling and Victoria Gold is not too far away either. They can team up and pay the expenses for having their own third party lab there in the Yukon. I think we might see more companies start to do that. To sort of take this lab situation, this problem into their own hands and say, hey, we’re just not going to be a victim to these slow labs. We’re just going to have to handle it ourselves.
You said that there’s a handful of really exciting juniors. There’s Eloro. There’s Banyan. Can you give me one more that you’re really excited about right now?
https://energyandgold.com/2022/03/04/bob-moriarty-this-is-the-most-important-pivot-in-history/