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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Ray Emery who wrote (53)11/10/1998 12:36:00 PM
From: Claude Cormier  Read Replies (2) of 4409
 
<< Do you have a feel for what BAY will be worth if Phase II pans out? >>

Ray, I feel BAY has already some 20 millions ounces inferred by Phase I drilling. The Phase II drill locations are such that we could more than double that amount if most holes gives similar grades and intercepts to Phase I drill holes.

Assuming we get those positive results, I feel that BAY should move at least above $1 and probably to new highs ($1.32). And if the holes are better than PHASE I or silver prices are on an uptrend..or any combination of these two factors...well..who knows... $2-$3+

And if most Phase II holes comes up with grades and intercepts similar to hole AD-10 from Phase I (OK...I am dreaming here..) Ouch !!!

CC
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