Corner Bay Silver (BAY.T) Message Board

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

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To: Ptaskmaster who wrote (384)	11/18/1999 2:35:00 PM
From: Claude Cormier	Read Replies (1) of 4409

<<Hope I got the numbers right, but is sure looks pretty impressive to me. >> It is Ptask. And this should prompt many analysts to increase their NAV. The only thing I don't like is the model which calls for a mining rate of 5,100,000 tons a year...I have a problem with this. Why not leaving the low grade stuff away. They would then mine only 3,900,000 tons a year or 23% less tonnage, but would still mined almost 93% of the silver. I guess they figure that the high capital costs will be compensated by the lower opreating cost. Anyway... this BAY gonna be taken over..so who cares.

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