Corner Bay Silver (BAY.T) Message Board

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

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To: Claude Cormier who wrote (2481)	12/21/2001 1:54:04 PM
From: russwinter	Read Replies (1) of 4409

Quick back of napkin valuation on the new $2.50 price and my "pump" du jour (are you watching TSE?): 15.8 million shares: options still out of the money, non dilutive at this price (they've done a good job here to this point, but I still want them to sell this bad boy) gives us a US$25 million market cap, minus US$ 2 million is US$23 million EV. Looks like about 2.15 Au equiv. so we are at $11 an ounce, hardly expensive for a late stage deposit of this quality. And we've already discussed about how many of these primary silver deposits are out there. Should be no rush to the exits for true investors. I have been wondering about the season's exploration. No word in some time, especially interested to see if they've hit more along strike north-northwest of the Main Zone? Could that be what's spurred this activity?

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