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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: IngotWeTrust who wrote (3211)8/2/2002 11:32:40 AM
From: Claude Cormier  Read Replies (3) of 4051
 
<I called BAY.TO a P.O.S. B4 TEEVEE did; U can't stand it, refute it, deny it or erase the SI proof. >

I certainly do not refute that you were the first to be wrong calling BAY a P.O.S. If I remember, you started when BAY was below $2.00.

But there is a big difference between Teevee's opinion and yours.

Teevee's reason is that leaching oxydes silver has proven to be disapointing in the past.. and he is right. Recoveries are usually very low for oxydes silver,in the 50-70% range.

Your reason is that Alamo Dorado is sulfides and not oxydes and because of that, the low grades will not make the cut. Also you concluded that BAY had no proven reserves because of insufficient drilling.

In other words, Teevee understand one of the main issues while you continue to fabulate not knowing what you are talking about. Again, so you understand: Alamo Dorado is oxydes silver..not sulfides. Another thing that you do not understand is that BAY has silver reserves, even with only 78 holes drilled. As confirmed by their consultants, these reserves meet National Instrument 43-101 standards. So again, over the last 6 months, you (and Zardoz) have been talking of something you do not understand: when calculating reserves and resources, it is not the number of holes that counts but the number of meters.

What Teevee may not understand (and certainly you do not)is the silver distribution at Alamo Dorado and the existence of a high grade pit that will allow revoveries of 60-70% to be profitable even with silver at $4.60.
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