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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: ahhaha who wrote (214)10/20/1999 4:48:00 AM
From: TheBusDriver  Read Replies (2) of 4409
 
Very good post. I agree with some of what you say especially about trading. I am not sure what you mean in the following statement:

<It makes perfect sense. Unless the price of silver rises the return on this drilled prospect is marginal. It only represents stock price leverage if the POS rises substantially. Otherwise, it's shut-in with a front end discovery cost.>

I hope you can expand on this. The strip ratio is expected to be far lower than normal for this mine, cost to mine the silver is expected to be around $1.5/oz. At $5 silver I don't understand how the prospect is marginal?

I am not defending CC...he can do that pretty good himself but he is one of the more knowledgeable people around when it comes to evaluating junior mining companies. I think your method of trading makes sense but that is not what CC is about. The problem I have with considering my position in this stock right now is understanding why the price acted the way it did after the last news.

At first I thought it was "sell the news" but as it has continued for the last several days I am not so sure. I am also not so sure that the reason is because the mine has suddenly become marginal based on additional reserves. Something is not making sense here or somebody knows something we don't.

wayne
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