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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Frankly Speaking who wrote (540)12/20/1999 10:21:00 PM
From: Mark Bartlett   of 4409
 
Frank,
<<Do you (or anyone else) know what kind of dilution would be required to raise sufficient funding?>>

I think that is going to depend upon the final engineering report; while they expect to have a grinding circuit, the degree to which that will be necessary, will govern costs, to a large degree. But relative to other silver miners, they do not expect CAPEX cost to be that high. Thus far they have not had to go to the brokerages to raise money -- that's certaily positive.

MB
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