Casey sounding quite positive these days. Below is an extract on BYV.

"Comparison of mineralization styles at western Burns and eastern Burns

The developing new high-grade zone in the east-central portion of the Burns property has a few differences but many similarities when compared with the well-mineralized zones previously discovered on the western portion of the property. One difference is the presence of a thick sequence of sulphide-rich argillite and cherty iron formation units that occur above the hangingwall dacite unit at the east Burns Block. Also of note is that the new eastern Burns discovery area is more gold rich with lesser silver grades than the western area.

The overall mineral assemblage of the zones is nearly identical in both areas. The combination of the very similar geologic setting of both the west and east areas of the Burns Block is very encouraging. More importantly, however, is the very high success rate being seen in the form of underground grade and width of the mineralized intervals in view of the limited drilling done at the east-central Burns target area to date. Bayfield has been consistently intercepting greater-than-eight-metre-wide zones of multigram gold mineralization at the new easterly zone by using the same geologic model developed at the west Burns area. It is expected that this mineralization continues both up and down plunge of the current exploration area as the company continues to delineate this new gold-silver mineralized shoot.

Comments: The east-looking cross section linked to above shows some consistency between the new intercepts and the previous holes drilled in this new eastern zone. How far the drills can follow this relatively high-grade mineralization up- and down-dip, as well as laterally remains to be seen, but it's clear that this is a significant new discovery. As important as that is, the bigger implications is that if BYV can find this new zone 700 meters east of their existing high-grade mineralized area, there may well be more such zoned in between -- which is what we've been speculating on all along in this play. (That's our geological speculation, at any rate; the speculation on a takeover is almost a separate consideration.)

All good, and the story has gotten both better and cheaper, making this a good time for a first tranche, especially if one is not willing or able to participate in private placements. From the share price action, we'd guess that we're not the only ones thinking the company will need to finance soon, so if we were interested in a possible PP, would wait to see what kind of opportunity that brings us."