Banyan Gold Corp V.BYN

I'm all in

[Systemtogo]

What a golden opportunity for a gold stock. A perfect contrarian play. The fundamentals of Banyan have only gotten better and yet the stock got cut in half for reasons that have not affected the company. We're only going to get higher grade, lower costs (gravity) and better economics coming out of this project. This should be good for at least a 50% pop in the short term and a minimum double over the next year.

[SilverSam]

With the price of gold moving up, why would anyone want to tie up their money in a company like this, with management which has refused to even publicly acknowledge the effects of the Victoria Gold saga?  Most gold stocks have begun to make their moves, and will likely continue to do so, while VGCX and BYN continue to move in the opposite direction.  Maybe in the next 3-5 years, some of

[Systemtogo]

They shouldn't need to. Hecla hasn't said anything about it and they're even closer. The fact is that Banyan is severely undervalued at current prices and the fact that people hate this stock is EXACTLY why I'm buying so many shares. Just like 6 months ago when everyone hated silver, that's the best time to get in! Am I looking for immediate gains on this, no, but to me this is

[SilverSam]

I'm not going to try to dispute or challenge anything you say here.  As you admit that you are not expecting immediate gains, you are obviously willing to let your money stagnate while gold hits new record hights and numerous mining stocks are breaching 52-week highs.  Eventually, Banyan will join the party, but in the meantime, you are missing out on a lot of green.

[Systemtogo]

No I'm not. I have plenty of exposure to other gold and silver stocks, options and physical metals. I just think this is pretty close to a sure thing as far as penny dreadful speculative investments go. Besides, I think the near market peak tides will lift all boats. Will Banyan go up as much as the others, no probably not, but it's also less risky in my opinion than the other penny plays.

[SilverSam]

Well said!  By the way, I am also a Banyan shareholder, although somewhat bitter over the way management is handling recent events. All the best!

[Singoa58]

Gold embarking on a ling overdue major correction .. im shorting miners now as i expect 2700 gold by year end