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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

Comment by givemeabreak1on Jul 29, 2023 10:48pm
84 Views
Post# 35563529

RE:If you have nothing worth while to say, best to stay quiet

RE:If you have nothing worth while to say, best to stay quietCappy
There are areas of the presentation that are well confusing at best!  First, you will note slide 15 showing the comparables.  Well yes comparable as far as being low grade but there is alot of areas where BYN deposit is less than comparable.  I am not sure you noticed, but the Banyan cut-off grades are higher than every comparable so in other words their cost is higher than all their comparible.  Also in that slide they like to compare themselves to Eagle at a .20 cut-off yet the last update I seen Eagles resource was at .15 gpt which is half of Aurex and much less than power&air.  Staying with this look at Eagles cost estimates in their most recent technical report and then apply them to the numbers Banyan is using.  At any-rate while I like Banyan and what Terra has been doing it is fairly price in comparison to others at this stage of development.  That said, nothing exciting unless gold powers higher or the next drill results come in better than the last which did not blow chunks but were not stellar.

Buy the bid Cappy lol!  
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