Corner Bay Silver (BAY.T) Message Board

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

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To: Little Joe who wrote (951)	6/13/2000 12:18:00 AM
From: Claude Cormier	Read Replies (1) of 4409

LJ, Market activity does not always reflect the reality. Many mining stocks are undervalued the same way many high teck stocks are overvalued. Time will fix everything. The way I see it, BAY should be on course to produce 9.5M ounces of silver in year 1 and 2 of its life-o-mine with cash flows approaching C$30M per year. I know that many things can happen between now and then, but LJ, one must make investment/speculation decisions based on something. I prefer to use fundamental analysis rather than technical analysis. I use TA, but only as a support tool. And if I am wrong, well I'll pay the price. Still, you are right on this TA observation. The $2.70 level has been a formidable barrier since early January. We must go through it first. But once we are done with that, the stock could move rapidly. I count on a string of favorable analyst reports to help us go through it. Look at IWA, technical analysis would have said it is a strong buy when it last traded... but now fundamental analysis says it appears overvalued. The market is not always right.

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