Trust me, you can't argue with the fundamentals. Here's the BHS DD I did for a $20 million mcap, it's now $30 million so slightly less true but still shows what a remarkable opportunity BHS is:
"1000x for Bayhorse 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.
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; present market cap $20 million.)
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."