Corner Bay Silver (BAY.T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zardoz who wrote (2625)	1/3/2002 3:38:04 PM
From: Claude Cormier	Read Replies (2) of 4409

Hutch, I think we agree on a few things. That is good. <Not if the company is required to come up with millions to finance such a deal.> I agree with you. But that is the good part of BAY's story. CAPEX are the lowest in the industry for that kind of deposit. That is why the rate of return of the project is 55%. With such a rate of return, do you think they will have a problem to find the millions they need. <Not if the company will take years to get into production.> Well it is not years, it is months. Feasibility study will be ready in two months. Financing in 2Q2002 and production in 4Q2003. <Not if the price of silver is likely to fall.> All depends how low is low. BAY will be producing 35 millions ounces of silver in its first two years of operation at a cost below $1.50 per ounce. Do you think they can be very profitable with these numbers even if silver goes to $4. <No, I don't think BAY is worth this price.> Current economics suggest a net profit of $1.50 per share in year one of operation in 1993-94. What price BAY should be trading ? <Claude, have you ever been involved in a pump and dump before? > For you info my friend, I am not selling.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next