Corner Bay Silver (BAY.T) Message Board

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

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To: ahhaha who wrote (214)	10/20/1999 10:37:00 AM
From: Claude Cormier	Read Replies (1) of 4409

<<Unless the price of silver rises the return on this drilled prospect is marginal.>> <<I read the data and I wasn't impressed>> Well I am sure in that case, that no other mining situation will impressed you. Just to make sure your really understand this play, can you answer the following questions: 1) what will be (approx) the new mineable resources when the new calculation is out? 2) What will be the size and grade of the starter pit and what kind of strip ratio are we talking ? 3) What is your idea on the cost/ton of this operation... for the 1st 5 years... for the following years? 4) The deposit has both a silver chloride and a silver sulfide as its main minerals? What are they and what are their main characteristics? How to they compare to the only other heap leaching silver operation in the US ? Again will silver between $5-$6, this mid-size project appears to be one of the most profitable ever seen in the silver business. And no matter what is the psychology of the moment, if the economics of the project are such that they promise big cash flows relative to the Capex needed, then you can bet on a much higher price.

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