Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Canuck Dave who wrote (2562)	12/31/2001 7:37:58 PM
From: marynell	of 4409

Canuck Dave, I have followd First Silver Reserve for the past five years and also traded it several times. I don't own it now. A few comments: (1) FSR is in production, unlike SSO and BAY. (2) FSR mines a continuous and consistent vein that is widely thought to have a resource over 100 million ounces, ounces that could very quickly be put in the reserve category. The vein is known to extend for much further than the drills have indicated the reserve. Mexican miners do not prove reserves for more than necessary because it adversely affects their taxes. (3) FSR has costs of around US$4.00/oz. so they have excellent leverage now. (4) I have spoken to people who know this industry well, and they question the quality of FSR management. Collect what info you can and study it. There may be a lot of silver one FSR's property. If silver takes off to $8/oz and FSR quickly proves 100 million ounces and expands their already-operating mine, it could be a huge win.

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