Corner Bay Silver (BAY.T) Message Board

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

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To: russwinter who wrote (1475)	10/14/2000 3:25:09 PM
From: Claude Cormier	Read Replies (1) of 4409

<< I'm worried about more than just the dilution of a feasibilty study. I worried about the huge dilution of taking this puppy into production when capital is far too expensive (as in $2.15 stock). >> I understand the worry. But my discussions with the group make me believe that they will be able to debt financed more than 50% (if not 75%-100%) of the capital costs. Lets take this step by step. Between now and production decision times, a lot can happen. For now we are talking raising only $6-$7M. <<I understand your point about the price leverage, but the short term gain of a sale (closer to 200%, than 100%) is a little windfall everybody who invests in this sector would welcome. >> I agree... I would take it.. and spot the best target for the coming silver bull... Silver Standard and the acquirer of BAY would be my choices.. But I am not worried if I have to hold BAY. IOW, I am no seller now.

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