Banyan Gold Corp V.BYN

Alternate Symbol(s): BYAGF

Metals & Mining Gold

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.

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Banyan Gold Corp > Share value

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Comment by givemeabreak1on Feb 22, 2024 2:19pm

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Post# 35893917

RE:RE:RE:Share value

The project is nowhere near de-risked.
1. All ounces are inferred ounces so they may or may not be economic. In fact, they may or may not even be there.
2. They need a pile more tighter spaced drilling to upgrade the ones to measured and indicated.
3. At minimum the company needs to complete a PEA. Note I sat at minimum! The PEA is a year out.
4. Completion of a PFS and FS. Another 2 years out
Lots still to do to call the project de-risked. Think about it Victoria Gold is producing at what should be a lower break even cost and the shares stink the high heaven what would make you think Banyan is under vs over priced?

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