Corner Bay Silver (BAY.T) Message Board

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

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To: TheBusDriver who wrote (426)	11/21/1999 12:08:00 PM
From: Claude Cormier	Read Replies (1) of 4409

<<CC, looking at the chart for BAY I am expect some pretty strong resistance at $2.90 to $3.00. Do you see it this way also? >> Very hard to say as we are in virgin territories. The stock is overbought on the short term... but this condition could last for weeks. We could go to $3.50-$4.00 easily before we pause, or we can pause at $3 and move later. I don't know. All I know is that Alamo DOrado is the equivalent of a 1.75 millions ounces of gold reserve that can be mined at a low cost... That is worth more than the current market cap of US$19M... a lot more. <<News will change the fundamentals. When is the report on metallurgical tests due? 1st quarter 2000? >> Yes... but we should have some preliminary results probaly in mid December. CC

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