Corner Bay Silver (BAY.T) Message Board

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

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To: IngotWeTrust who wrote (2323)	12/18/2001 7:25:41 PM
From: Claude Cormier	Read Replies (1) of 4409

G_T, You may be right on the silver market. May be silver will never go above $5 anymore. I don't know. The reality is that at current low silver prices, a lot of production is going down the drain. You said it and I agree with you. The Pan Am Silver and companies as well as many base metals mines are just depleting their deposits for nothing. Here is one thing we agree on! What I am suggesting is that the specifics of BAY'projects are such that it will be one of the lowest cost in the world with a initial cost below $1.50 per ounce. In other words it will replace some production that has become too expensive. The payback period will be between 12-24 months which is exceptional in the mining business. Inded, the project has very low CAPEX, according to current estimates. I am sure you will agree that it make sense to produce something which cost you $1.50 when you can sell it on the market $4.50, or $4.00 or even $3.50 ? Do we agree on this ? Your turn.

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