Comments: Key point, the high-grade shoot may move in and out of section, making it harder to define, but it now seems likely to extend at least 600 meters, and that makes it very significant find. Plus, with high grade shoots like this marching from the west across RR's land and east onto the Burns Block, and the mineralization open to the east, there's no reason to think that this must be the last such shoot in the system. Great news.

Of course, we're glad to be long already and to have had chances to build a position at lower prices, so we're not going to chase the stock on this spike. We also note that we recommended taking profits early to those in early. If that was not you, and you now have your first double, you know what to do. We still believe very strongly in this play and see it as a near-certain take-over candidate, but in a correcting market, taking profits when you have them is definitely the way to go.

What if you never bought any BYV? We like it more than ever, but we'd wait to see if it pulls back form this retreat, so Hold for now.