ECU Silver Mining Inc Message Board

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Gold/Mining/Energy : ECU Silver Mining Inc

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To: Bill Murphy who wrote (180)	2/27/1999 12:06:00 AM
From: Claude Cormier	Read Replies (1) of 672

<<My guess is the stock will trade at $3Cdn. by year end>> Bill... Aren't you a bit over optimistic here. That would be a market cap of $150M. Pan American Silver is at $200M now and has 700 millions ounces in reserves..while ECU has less than 2 millions ???? First Silver has a market cap of $44M is running at 750 tpd and produces 2.6M ounces per year with a grade similar to ECU. Your initial forecast of ECU at $1 based on silver above $9 was fine!

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