Sitka Gold Corp V.SIG

Bimbo Investors!

[givemeabreak1]

Sometimes I am amused other times disgusted how dumb investors in penny stocks are!  So I was reading on another board!

@JakeB @7711, I didn't realize that BYN had more shares outstanding than SIG on a fully diluted basis. Lower grade, not nearly as thick, more shares outstanding and at 5 times SIG's market Cap?? Makes no sense to me.

So just dumb statement as it is often about Management choices as to grades.  Start with thickness to say Banyan is not nearly as thick dumb statement given the overall thickness ie not single hole is actually greater at Banyan depending on management choices of cut-off grades.  Banyan has a lower strip ratio depending on your choice of cut offs.  FYI strip ratio is a calculation or ore thickness vs waste thickness.  Second dumb statement Sitka is a higher grade than Banyan.  Not really as again it is dependant on Managements choice of cut-off grades.  So if Banyan chooses a slighly higher cut-off grade they need to reduce their resource from 6.2 million ounces to about 5.5 million ounces at a slightly higher grade than Sitka.  So Banyan has a resource 4 times greater at a higher grade.  I see said the carpenter who picked up his hammer and saw.  Dumb will always be dumb!  And no I do not like Banyan and called it to drop to the low 30's when it was .50!  
@JakeB @7711, I didn't realize that BYN had more shares outstanding than SIG on a fully diluted basis. Lower grade, not nearly as thick, more shares outstanding and at 5 times SIG's market Cap?? Makes no sense to me.