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Gold/Mining/Energy : PAAS : Pan American Silver -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (53)	10/20/1999 1:18:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 294

<<Better buy FSR.to, the stock I own.>> Well if Pan American can get through the Russian roulette, it will be hard to beat in terms silver production. But I agree that FSR has more leveraged as it is profitable and has good reserves. However, the best play at the moment is BAY.T. I just completed a comparative study between Coeur's Rochester silver mine (a 7 millions ounces per year producer) and BAY's Alamo Dorado. Rochester is the only heap leach silver mine in the US. Alamo Dorado is likely to become the 2nd one in North America. After I completed this work, I concluded that for several reasons, Coeur is an excellent candidate to take over BAY. They know this business and Alamo Dorado would help them bring their average cost down. Strangely enough, BAY's metalurgical consultants are the same who did the work for Coeur at Rochester. Coeur gets 56% of its revenus from Rochester. That shows the importance of Alamo Dorado, which is not yet recognized by the market. The next 4-5 months will take care of that.