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Bayhorse Silver Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2018) - Today's buy recommendation co...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Silver Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - April 19, 2018) - Today's buy recommendation comes from Fundamental Research Corp. Analyst Sid Rajeev gives Bayhorse Silver (TSXV: BHS) (OTCBB: KXPLF) (FSE: 7KXN) a buy rating and a fair value estimate of $0.62, a premium of 195% to the $0.21 closing price on April 10th, the day the report was issued.InvestmentPitch Media has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Bayhorse\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_ro9dwhi4/Fundamental-Research-has-Initiated-coverage-on-Bayhorse-Silver-Inc-TSXV-BHSAfter spending just $4.8 million over four years on rehabilitation work, testing, acquisition and commissioning of equipment, management successfully put its 100% owned Bayhorse Silver Mine back into production in January 2018. Management estimates production of 640,000 to 1.28 million ounces of silver over the next 12 months.The property package, which includes three patented and 18 unpatented claims, totaling approximately 1.32 square kilometres, is estimated to hold the largest known silver deposit in Oregon, with a high-grade historic reserve estimate of 160,000 tons at an average grade of 17 to 20 ounces per ton. Based upon a 3.5 ounce per ton cut-off, the estimate was 577,000 tons at an estimated average grade of 14 ounces per ton, for contained 8.08 million ounces of silverA key benefit of being a historic producer is that the project has two accessible rehabilitated adits, 70 meters apart, where ore can be extracted. The upper adit extends approximately 800 feet, and the lower extends approximately 500 feet into the hill. An intermediate level can be reached via raises from the lower level and winzes from the upper.Analyst Sid Rajeev stated: \"In March 2018, the company reported 1.67 grams per tonne gold along with high grade silver sample results from the Legend, Sunshine and Big Dog mineralized zones. We consider the presence of gold to be highly encouraging as historic reports indicate the potential for gold of up to 10 grams per tonne. Overall, we believe the company has significantly expanded on the historic reserve estimate along str...