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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Struthers who wrote (153)	8/19/1999 2:31:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 4409

Ron, You are certainly right. The big question is will BAY be taken over before we get these lofty silver prices. Can Hecla, PAA, SIL, CDE and other silver producers let go a 100M ounces resource of low cost silver. As you know, there aren't too many heap leach silver deposits around. The dynamics of the project are explosive..and it is likely that Alamo Dorado will produce silver at prices near $1.25 in the first 5 years of the project. Capex is likely to go down as there is a lot of used equipement available in Sonora State. BTW, I heard new reccommendations are coming out.