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

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Comment by givemeabreak1on Feb 15, 2025 12:48am

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Post# 36454810

RE:RE:RE:Why

Reco
Something to keep in mind! While some comparisons can be made to Fort Knox others cannot.
1. First when Fort Knox first started operating as I recall the grade was over .8 so like 30% higher than Banyan's.
2. The cost of the mine was much less as was the cost of production. While they are successfully processing much lower grades today at Fort Knox that is because the infastructure and mine was long since paid for. Remember if you had no start up cap-ex and interest on that cap-ex you could produce pretty cheap.

Nothing bad to say about Banyan at this price level just that it is not as good as a deal or undervalued as some shareholders seem to think!

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