Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Thursday, February 2, 2017

David Morgan Interview ~ Bayhorse Silver TSXV BHS Januarry 2017

David Morgan of the Morgan report interviews Graeme O’Neill , President & CEO of Bayhorse Silver. Mr O’Neill established Bayhorse Silver and has been President & CEO since its inception. He has been involved in managing junior exploration companies in the minerals sector for a number of years and is experienced in logistics, planning, and operations development. He has a strong background in the regulatory and compliance requirements of public companies.

well i'm david morgan here at the anchor 0:09 resource investment conference 2017 0:11 january and a bit of a blustery day and 0:14 it's always great to be in vancouver 0:15 today I have grandma Neil Baker silver 0:18 with me and visit about three times 0:20 before and actually made a trip to 0:22 property in the Coeur d'Alene district 0:25 so for those that don't know you want 0:27 you to tell us something about you and a 0:29 worse 0:30 well I've been running bakewell showing 0:33 the original founder of the company and 0:35 since 2004 you know initially we focused 0:39 on an exploration but over the years 0:44 I've realized that raising money 0:48 spending money raising money spending 0:49 money does not really serve the 0:51 shareholders or management very well so 0:54 i made the decision to go into mining 0:57 because that's more stable provide 0:59 shareholders with more benefits and give 1:02 substance to the company very good so 1:05 all is add onto that you know when 1:09 you're looking at the smaller cap stocks 1:11 the juniors especially expiration side 1:13 and there's a lot of pollution to 1:14 explain is necessary because you're as 1:17 dead Casey is referred to a burning 1:19 match in other words you've gotta raise 1:20 money to drill you raise more money grew 1:22 on you need to find it if you don't 1:23 that's a scenario so what you do is 1:26 establish in mind producing that you've 1:28 got an ass that depending on the price 1:30 of the material you can do little 1:31 average or very better than average 1:33 spending great a lot of variable so you 1:35 made that decision how long ago did you 1:37 make them see what we made that in 1:39 january 2014 and we actually got the 1:45 mind or the property when silver was 23 1:48 dollars an ounce and we thought oh good 1:50 you know we've got high grade and then 1:53 of course silver and gradually dropped 1:55 to 13 70 I think about 1364 and a lot of 2:02 the momentum that we had gained just 2:04 disappeared so it was a real grind from 2:08 that point but we kept on progressing we 2:10 kept on progressing and to the point 2:13 that and this was a big milestone for us 2:17 idaho power installed electrical power 2:21 on the mine site on December the 21st 2:24 and the middle of raging blizzard 2:28 look tell me more about the mine where 2:30 it is with the greatest you know I did 2:31 what you know several times and a 2:33 geologist during school we had a great 2:35 chat we looked over you know the grade 2:38 and the you know top view side view of 2:42 the situation's what are you elaborate a 2:44 little bit more 2:44 well the miners a small line in 1926 it 2:51 essentially stopped production because a 2:53 sewer prices just weren't able to 2:56 maintain it 2:57 it was a high-grade mind the average 2:59 grade in 1926 that they took out with 35 3:02 ounces of time now that's pretty 3:05 significant when you consider that most 3:07 primary supermind today running about an 3:10 average of seven and a half ounces of 3:12 time now a native for another company 3:16 opened it up very briefly before silver 3:18 prices dropped to three dollars four 3:20 dollars an ounce and they were taking it 3:23 out at an average of 17 to 20 ounces of 3:26 time so they used a cut-off of six 3:30 ounces tongue in 1981 a geologist named 3:36 heard Rick did a an estimate at the time 3:39 and he estimated that there was around a 3:42 hundred and sixty thousand tons it was 3:44 minable at a seven and a half ounce cut 3:47 off now this is not for these we want 3:50 one you know 3:52 in compliance with it and we're still 3:55 working on getting that resource 3:58 established for 43-101 but that gave us 4:03 a lot of confidence and there was an 4:05 enormous amount of data on it 4:07 dr. andy wallace out of reno he had 4:11 worked on the mine and i think was 76 77 4:15 all the surveys everything so massive 4:18 amount of really accurate and intense 4:20 data so we felt pretty comfortable by it 4:23 and we looked at do we go and explore 4:29 improve up or did we going and start to 4:32 rehab and and get into the mineralized 4:35 zones and we determined that we would 4:39 probably spend twice the amount of money 4:41 proven up then we would just going in an 4:44 opening that door so we chose the route 4:47 of opening it up and because we'd have 4:49 to spend that money anyway we're going 4:51 to jump in their main impacts over the 4:52 same thing and then there's situations 4:53 you've got it got it you have to prove 4:56 it yet proven by taking it out and 4:57 making money with you know i'm not 4:59 against that and it depends on the 5:01 situation i look at everything in the 5:02 case by case basis 5:03 let's move on so let's talk about what 5:06 your funding situation is in your sheer 5:08 structure 5:08 well over this last will begin at last 5:12 year we traded a fight censorship we're 5:14 currently trading at 15 but in order 5:18 september-october we traded a size 29 5:21 cents so that's that's not that that's 5:23 nearly a six bag so we're giving our 5:27 shareholders rewards and a lot of it 5:30 warrants and options are exercised so we 5:32 now sit about 36 million shares 5:35 outstanding that all the low price 5:38 warrants are all gone to all being 5:40 exercised and we're anticipating that 5:44 the 15 and 20 cent warrants will get 5:47 exercised we funded the company last 5:50 year mainly to adventure that was a 12 5:55 and a half since convertible into 5:57 Canadian 5:58 and given a twelve percent interest but 6:03 between the debentures which all went to 6:06 the mine and the exercise once it's 6:09 funded the company we're probably going 6:12 to do another financing and the near 6:14 future and we're discussing it right now 6:17 but we want to do it is a non dilute of 6:19 financing the money will go straight 6:22 down the line and with respect to how 6:27 quickly we can start producing with the 6:30 power of the mind now it's literally the 6:34 only thing that held us up with these 6:35 massive massive storms that were flowing 6:38 across California and are again and into 6:40 our area it's only warmed up this last 6:43 week as it has here in vancouver very 6:45 good so we're covered the financing the 6:48 people you by the way I think we need to 6:51 mention i know we do it every time it's 6:53 very important that you have quite a bit 6:54 in this yourself and I was like sitting 6:56 across the management that it does you 6:59 don't have something there are those 7:00 that don't you have quite a bit of your 7:02 own risk money or put into this venture 7:06 yeah it varies between 17 and twenty 7:12 percent so i always try and keep it up 7:14 at twenty percent if investors and 7:17 shareholders see management's got skin 7:19 in the game big skin in the game they 7:21 get more confidence that the speaking of 7:24 people and thats the we've talked about 7:27 that at the silver summit doing the 7:30 transition into mining it's all about 7:33 people 7:34 it's all about people and i was 7:38 fortunate that I mean down to reno 7:40 looking specifically for a top-quality 7:43 mining engineer and I has recommended 7:47 bill bill will be PhD out of Twin Falls 7:52 Idaho very close to the mine and comes 7:55 with impeccable credentials and he 7:58 joined our team about a month ago and 8:02 this rounds out i don't like to talk 8:06 about the league the quality of the 8:09 people but actually we have 8:10 PhDs that they're all hands-on they're 8:14 all extremely knowledgeable dr. Stu 8:16 Jackson run crown resources made 8:18 millions for as investors dr. Conway and 8:21 all blew people away when we did the the 8:24 tech property and australia by proving 8:27 just how the mineralization the 8:30 structures and that were put together so 8:34 we've got a really competent team now 8:38 and and that forms the basis for for 8:40 making a profitable company 8:43 well I really appreciate seeing you 8:46 again here and thank you wish you all 8:48 the successes or anything that we have 8:49 discussed that we like our viewers to 8:51 know 8:52 well we're here at the conference 8:54 obviously we're going to be presenting 8:57 tomorrow afternoon but I i think that 9:01 the viewers need to look at what's going 9:04 to happen over the next year and i think 9:07 that will be suitably and pleasantly 9:10 surprised 9:11 great so give us your website and email 9:14 phone or whatever you want to give out 9:15 to people who go to labor silver dot-com 9:18 and we can be contacted at 60 468 4339 9:25 for mentors pleasures David it's a 9:28 pleasure of the interview by you and 9:30 good luck on your interviews in the 9:32 future and and the sheriff 9:35 excellent

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!