They still think BYV is a screaming takeover target and a buy at these prices.

"Comments: BUY—No news from BYV, but the shares are near two-year lows, which presents an opportunity in and of itself. The company has made two significant gold discoveries on its Burns Block property, has cash to keep exploring, and has extraordinary takeover potential, not just for having gold right in the pit-wall of the multi-million-ounce Rainy River gold mine being planned right next door, but for being right in the way of development of said mine. This looks like a screaming takeover target to us, and we'd buy if we were not long already."