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Gold/Mining/Energy : Silver prices
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To: koan who wrote (2256)10/19/1999 5:36:00 PM
From: Claude Cormier  Read Replies (1) of 8010
 
Played with the numbers from BAY last press release today. And I think they really have a deposit that will allow them to produce silver at an average of $1.25 per ounce for the first 7 years of operations (near $1 in the first 2-3 years and near $1.50 in the following 3-4 years), producing between 4 and 5 millions ounces of silver per year. They would then produce at the same rate for an aditional 8 to 10 years at a price slightly above $2.

(Alternatively, they may increase throughput and produce 6-7M ounces of AG-eq for 12 years or so)

I estimate thy will end up with a net asset value in excess of $5.50 per share once the feasibility is in. Bet on a IRR well above 50%.

BAY (or whoever take it over) will be extremely profitable.
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