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Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

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.


TSXV:BYN - Post by User

Post by givemeabreak1on Jul 13, 2023 10:49pm
166 Views
Post# 35540604

Interesting Comparison!

Interesting Comparison!So Goldsource also has 6 million ounces!  But Banyan's are a much lower strip ratio so a good thing.  Banyan has more money in the bank and is continuing expansion drilling also a good thing.   That said, Goldsource has taken a different approach and is doing a PEA also a good thing.  Also,  Goldsource ounces while at a slighty higher cut-off grade have been calculated at a lower gold price.  Also Goldsource ounces are at a sunstantially higher grade which will offset the higher strip ratio!  So which is better hard to say.  If one was to believe they are equals the market does not think so or at least the retail investors as Goldsouce is only .15 a share for a market cap 1/4 of what Banyan's market cap is.  This may or maynot suggest Banyan is overpriced if they do not have some good drill results upcoming.  It will be interesting to see their drill results.  Both may or may not be a good buy.  I picked up a whack of Goldsource today!
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