Corner Bay Silver (BAY.T) Message Board

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

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To: Ron Struthers who wrote (1255)	8/23/2000 4:37:43 PM
From: Claude Cormier	Read Replies (2) of 4409

Hello Ron, Well for sure BAY is cheap.. but so are NDE, FGX and many others. I think PI's analyst Wendell Zerb has this $4 target base on a fully diluted 17M shares and assumes a financing of 5M shares or so... Unless he changed his valuation, he had something like C$68M for Alamo Dorado..which gives $5.50 a share...on the current 12M shares. IMO, this will proved to be very conservative when the new reserves and mining plan as well as the final recovery rates are known. BTW, how are you?? Oil is going nicely these days... but can say that oil stocks are moving more than the golds/silver. A dismal market for resources...this is what we still have.. for now! I believe that oil is heading for $40 and this may well change the mood of this stubborn high teck bull!!

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