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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Claude Cormier who wrote (696)3/2/2000 5:02:00 PM
From: Scripts  Read Replies (1) of 4409
 
<<<Does Flag has a resource to back up its market cap or is it all speculation on current drill program?>>?

Flag has been exploring the Wanapitae anomaly -about 30 miles north-east of the Sudbury Basin- for over 15 years.

The current excitement concerns a palladium discovery and assay results are expected Monday -Tuesday of next week.
The results were due out today but apparently some unexpected drill core from yesterday was deemed important enough this am to bring in a geologist and to hold off on the news release for 2-3 business days while it is examined.

My understanding is that although the palladium is of major importance to the share price it is also considered an important sign that they maybe near a major nickel deposit. As you know there are at least 2 large anomalies nearby that are also due to be drilled in the next few months. Some of the long term shareholders that I talk to are planning to hold until the anomalies are drilled. Last I looked there were about 30 000 shares available between $1.10 and $5 so it isn't too difficult to get the price to move up or down.

I believe the above and the speculation that has resulted explains the rapid rise in the share price (along with that of Golden Briar) in the last few days. Not being much more than a small shareholder I could have missed something important but that is my understanding.

Anyone wanting more (or better) information can call the Pres Murdo Mcleod at 1-888-531-7798 during TSE trading hours.
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