Bayhorse Silver Inc V.BHS

srry for the assey fud

[Twerkie]

We knew he cant share sensitive information on a closed forum, but he could have at least talked more about the operations

[Henrich428]

He did, further back in the livestream he explained how the operation works. But Greede was correct to warn people not to anticipate a material news release in conjunction with the livestream. That would have been unprecedented. Graeme did a talk on the 19th of April at the exact same place (link below) and there was no news release on the day. There was however a news release a few days later

[hartadd]

 " The information that Graeme has found a mint and is going to make Bayhorse Silver bars and coins is however new and exciting". Henrich, please bear with me, but I presume you think that this new development will be positive for the BHS share price?

[Henrich428]

Yes, that's exactly what silverbugs want to hear. The idea that our mine could produce our own coins and bars I know would be a very exciting one to them. That's one of the main appeals of First Majestic. Also, because of the enormous premiums on retail silver, retail silver makes a lot more economic sense than simply selling concentrate. And can you imagine what a marketing bonus it would

[hartadd]

Thanks Henrich for expanding so well on this obviously positive news

[Tinhos]

I think that there is an important difference as paying for concentrate offtake is linked to the COMEX silver price and smelter fees (is that correct?), while the coins can have an additional premium due to the shortage of physical silver. That should increase revenure considerably. Actually, First Majestic is also not selling concentrate and rather producing dor bars. Keith Neumeyer seems to be

[Twerkie]

@tinhos yes I'm happy with the idea, just wanted operational updates. G presented as if everyone is as deep into BHS as Heinrich and other good posters. I would have been happier if he discussed cases of bottlenecks instead of this general covid and silver price talk.

[Henrich428]

Yes, by selling retail silver Graeme can profit from the big premiums. I also like that our silver will only go to stackers, who love silver and will keep it away from the COMEX.

[NoRetire]

the rest of the market seems to like the promo too. Ten foot poles marks are showing, G. Another fairy tale please.