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Gold/Mining/Energy : Silver prices

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To: Frank Pembleton who wrote (3758)	9/5/2001 12:40:28 PM
From: Claude Cormier	Read Replies (1) of 8010

<the reason I took a pass is because to build this mine they will have to finance the debt using hedging, > I doubt they will be forced to hedge as they will still make money at $US 3 silver. Keep in mind that their mining plan calls for the production of 35-40 millions ounces of silver equivalent at a cost below US$1.50 in year 1 and 2. >and by the performance of the stock, equity financing it's >highly doubtful. Great! I much prefer 100% debt financing. But they will be going for some equity financing for sure. And you can bet that the price will be much higher then. Unless of course, silver is thanking towards$2-$3.. But then, they will simply delay production. And if silver goes that low, which stock do you prefer to hold...BAY or a bankrupted former silver producer. >They also need to hire a staff for this operation, hiring >good people isn't easy. They already have experienced key people in place. cornerbay.com BAY's management is in the top tier. Look where they are right now with so little dillution in their stock. > There are easier silver plays around don't you think? No. I disagree, but I could be wrong. So if you can convince me, I am listening. Bring up your arguments. I enjoy these debates. Claude

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