here my attempt to explain why BYV might yet provide a return to investors.
I suspect the company will continue to drill the burns block as there is likely still some drilling
on this property to be done. (approx.280 holes done ?? guesss).
Only a small number of holes have been done on B block (480 acre property) Significant upside there.
I think the company will continue drilling as long as the discovery cost per oz is lower than the in ground value.
In addition we cannot dismiss the benefit T.RR gets when it regains control of their entire open pit. ie:cost savings, mine plan optionality, operational benefits etc. etc.
Bayfield will be fine and will benefit from their assets sooner rather than later. imho