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Gold/Mining/Energy : Silver prices

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To: TheBusDriver who wrote (2263)	10/20/1999 10:51:00 AM
From: Claude Cormier	Read Replies (1) of 8010

Wayne, All depends where POS goes. IMO, Alamo Dorado will still be very profitable and provide a high IRR with silver near $4. It will still be profitable near $3 but the IRR will not be high enough to justify bringing the deposit to production with such POS. How will BAY stock will be affected...is hard to say. All will depends of the timing of events. I think that if POS remains above $5 between now and spring 2000, BAY stocks will do what I expect..(I.E. at least double probably triple) Even if POS move to below $4.50-$5.00, I think BAY will move much higher. The stock may not performed as I exepect if POS start to move aggressively below $4.50. Time will say. But I think this deposit is really a money maker. Unless the coming metallurgical tests negate the initial in-field results...

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