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Gold/Mining/Energy : Silver prices
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To: NOW who wrote (5142)5/17/2002 3:23:15 PM
From: Claude Cormier  Read Replies (3) of 8010
 
davidd,

Very good momentum and moving nicely. PAAS is very well known silver play. That is why it is moving. But fundamentals are still not too good, at current silver prices they are barely breaking even and will continue to diluted.

But I want to own it, most probably on margin, once silver make it above resitance at $4.75-$4.80.

Over the long term and assuming silver does not move past $6.00 in the next couple of years, I still think that BAY will greatly outperform PAAS and will likely be taken over, possibly by PAAS. PAAS need a mine that can really generate big cash flows. BAY's is likely to have one.

We will know more soon with BAY feasibility study being released.

Of course, not everybody share my opinion. Time will tell if I am right or wrong.

Another one to watch is WTC... assays coming soon on their silver property in Mexico...this could be very big.
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