PAAS : Pan American Silver Message Board

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Gold/Mining/Energy : PAAS : Pan American Silver

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To: Canuck Dave who wrote (218)	5/9/2002 5:19:51 PM
From: Claude Cormier	Read Replies (1) of 294

<.. but it looks like money is going into this one right now.> Indeed. The reason is simple. How many silver plays are wellknown and listed on a US exchange. Can you imagine what will happen when/if the following happens: 1) Positive Production Decision on BAY 2) Successful Financing 3) US listing 4) Finally ..promotion on the facts that BAY will produce more ounces than PAAS and has more mineable reserves with current silver price... all this with a mrket cap that is 25% of PAAS market cap. Add to this the fact that PAAS will have to continue to dilute its stock while silver is below $5. You get the picture. The problem is that I think we might not see all this...cause BAY will likely be taken over before. And the suitor could well be PAAS.

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