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Gold/Mining/Energy : Silver prices
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To: Frank Pembleton who wrote (3753)9/5/2001 11:41:34 AM
From: Claude Cormier  Read Replies (1) of 8010
 
Frank,

Indeed BAY is speculative if you consider that they are at the feasibility study level.

But the specifics of their silver deposits and the current market cap of the stocks makes is much less speculative than the PAAS, HL and others... who are loosing money at current silver prices.

BAY has very good economics even at $4 silver and should not have too many problems to obtain financing for Alamo Dorado. They are the only silver miners that can turn a very decent profit at these low prices.

But I agree with you, until the mine is opêrating smoothly, ther are risks.
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