BHS shill here
100x BHS at $60 silver, 1000x BHS at $1000 silver, I've given the DD many times before
"A possible 1000x for Bayhorse Silver is pretty simple to demonstrate. Don Durrett says that that it is common for miners to trade at a 30x cash-flow valuation in miner bull markets. This can be the case even for one-mine producers. Starcore International Mines, a one-mine producer in Mexico which is similar to Bayhorse, did actually trade at a 30x cash-flow valuation in the ’01 to ’11 miner bull market.
These calculations were done for a $20 million mcap and BHS is now trading at $30 million but even so they're not too far off:
It is generally agreed that Bayhorse can produce 1.3 million silver ounces per annum. At an AISC of $10, this means that Bayhorse could conceivably go 100x at $60 silver. In other words, a $1000 investment would become $100,000.
[1.3 million x 60 – 10 (50) = $65 million cash flow, x 30 = about a $2 billion market cap.)
Extrapolating from here is easy:
At $120 silver, Bayhorse can go 200x.
At $240 silver, Bayhorse can go 400x.
At $480 silver, Bayhorse can go 800x.
At $960 silver, Bayhorse can go 1,600x.
(This last figure means that a $1000 investment would turn into $1.6 million.)
In the '60s silver bull market, Coeur Mining did actually go 1000x when silver merely doubled. And according to ShadowStats, $960 was actually the true inflation-adjusted ATH for silver, in 1980, so it's perfectly possible to see it again."