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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Terry Maloney who wrote (2016)11/20/2001 10:36:27 PM
From: Claude Cormier  Read Replies (1) of 4409
 
Terry,

Building the mine will cost somewhere between $35 and $50 millions. They will financed this through bank loans and equity. They already have all they need to complete feasibility.

The goal is of course to do a financing at a much higher stock price. My guess between C$2.25-$3.00

I am doing my maths using 30M shares outstanding once BAY reached production. Based on that number, and US$4.50 silver, I see C$1.50+ net profit per share in Y1.
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