An email I recieved in respose to a question I asked BYV via email. It makes sense what Mr. Carlson is saying. If it wasn't for this catastrphe of world events dragging down the stock market...., I believe this stock would be much higher. Good luck all.
From Mr. Carlson
Bayfield is in the middle of an ongoing 100,00 metre drill program. To do an NI 43-101 resource estimate it would take approximately 4 months and a lot of money to complete.
The problem with doing a resources calculation at this point is that it would not be reflective of the Entire Burns Block due to the fact that we have only really drilled the first 200 metres of the western side and 16 holes on the east side .
To be able to do a resource calculation there are certain parameters you must meet in drill hole spacing for the report to be compliant.
Once we have completed the initial 100,000 metres of drilling we may look at doing a resource calculation, in saying that you never know when another company may try to acquire Bayfield….
Eric Carlson
Corporate Communications
98 Corporate Group Resources Ltd.