12:39:15 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Banks Island Gold Ltd
Symbol BOZ
Shares Issued 44,803,531
Close 2014-04-23 C$ 0.475
Market Cap C$ 21,281,677
Recent Sedar Documents

Int'l Speculator says buy Banks Island Gold

2014-04-23 19:46 ET - In the News

The International Speculator, in its April 4, 2014, issue, says buy Banks Island Gold Ltd. at 49 cents, officially, "Best buy (if you dare)." The newsletter said buy the B.C. explorer three times between Sept. 6, 2012, and Oct. 7, 2013, at prices ranging from 53 cents to 65 cents. Assuming an investment of $1,000 for each of the three buys, the $3,000 position is worth $2,444. The writer believes Banks Island has solved a garnet problem at its Yellow Giant gold mine and is now mining bonanza-grade ore and shipping concentrate. He notes the mine is permitted for current operations and that British Columbia is in Canada, one of the lowest-risk mining jurisdictions in the world. Yellow Giant is on the edge of Banks Island, where boats can transfer shipments to the deepwater port in Prince Rupert. Shipping concentrate to China by sea for smelting, he says, is cheaper than shipment by rail to smelters in Eastern Canada. He adds that if the company can maintain its current production level for just 250 days a year, that would make the mine a 100,000-ounce-per-year producer. That is big enough -- and high grade enough -- to interest any mid-tier company looking for a mine to improve its margins.

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