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Gold/Mining/Energy : Silver prices

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To: TheBusDriver who wrote (3188)12/19/2000 4:30:40 PM
From: Claude Cormier  Read Replies (1) of 8010
 
<I am begining to worry a bit about some of my silver stocks!>

I would not Wayne.

At $4 silver, BAY has a net asset value near $3.75 per share based on 15 millions shares out. Year 1 and two will see cash flows of US$29 millions after tax with silver at $4. Assuming the possibility (could be much less) of 25 millions shares outstanding when we reach production...this would mean cash flows of $C1.75 per share.
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