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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: timbouctou who wrote (3802)4/11/2002 2:25:05 PM
From: Claude Cormier  Read Replies (2) of 4409
 
<Claude, do you know when we will get the results of the feasibility study? >

AMEC is supposed to deliver in mid-late April. So expect a press release within the next 2-4 weeks if the is no unexpected delay.

Basis silver price at $4.50 and gold $300, I expect a very positive study showing a IRR of some 45% and a payback period of near 1 year, projecting average silver equivalent production 10-12M ounces of silver equivalent for each of the first 4 years of production at an average cost slightly below $2 per ounce. Let see what we get.
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