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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: russwinter who wrote (1470)10/14/2000 12:07:05 PM
From: Claude Cormier  Read Replies (2) of 4409
 
<<They should now shut 'er down and concentrate on a transaction. >>

I disagree 100%... No doubt they are talking to third parties. But it is not guaranteed that they will find a buyer.

But in the mean time, their best move is to get enough money to complete feasibility and sustain ongoing activities. This is money well spent that will be refund if a takeover eventually comes. We are talking $6-7+ millions here probably.. So an issue of no more than 3M shares will do. BAY will still in good shape with less than 15M shares out.

That way they will be ready for higher silver prices. When they come, BAY will be that closer to production and big cash flows.

Don't worry about the NAV.. each increase in $0.25 cent in Ag prices increases the NAV by $1.00 at least.. The closer this deposit is to production the better it will reflect increases in silver prices.

You are looking at short term 100-200% gain. I am thinking long term (2 years) 1000-2000%. Cause with BAY in production and silver prices in the $6-7 range we are talking a $20-$40 stock selling at CF/price 6.0-8.0 and a premium to NAV of 50-100.

Of course, you an I don't know where silver prices are heading... but I suggest we play the odds.. which are .. much higher silver prices, IMVHO.

Claude
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