Corner Bay Silver (BAY.T) Message Board

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

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To: loantech who wrote (2007)	11/13/2001 7:44:11 AM
From: russwinter	Read Replies (2) of 4409

<MFL vs BAY> I own good size positions of both. On a valuation basis both are very inexpensive. Right now BAY has a better starter pit, and an earlier payback than MFL. Over the life of the mine, MFL looks to be more economical. Plus MFL's Delores is a bigger, more expandable deposit and is one of the few in the world that meets the "tooth fairy" size thresholds of the majors. BAY has a unique position in the public market however, as it is a rarity: an advanced stage pure silver play that has good economics. MFL's silver appeal is probably also getting some market play now? BAY going it alone to develop a mine has to be of some concern. We have too many examples of where small undercapitalized miners get into quick trouble taking that route. The likely exit strategy of MFL is what I prefer: takeover, or carried to production JV. And besides, they just sent me a cool cap.

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