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

To: Claude Cormier who wrote (217)	10/20/1999 2:10:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 4409

You missed my point. The point was that fine knowledge has to be abandoned to make money. A calculation does not provide a yield. When you have half the hole mined, then you can tell me all about accurate projections and accurate costs. Controlling mining costs is notoriously difficult. The fact is you end up with a certain average cost which has a random connection to the cost you projected. You are playing the information stream game and that game can't be won in mining plays. The future asset stream is finitely fixed at a low rate of growth. You can't say that when the added value comes from human creative capital. If you know the answers to 1 - 4, then so do others like company insiders. They have their implementation network all in place and you get the information late. You have to guess, so you are no better off in the information stream game than the public. If the public makes an accurate move based on macroeconomic forces, the local information stream shell game is transcended, and the insiders are all scrambling to re-buy what they cleverly sold based on your's and other's great expectations of data projections and fish-in-a-barrel drilling results. If you make a judgement about silver output with essentially unchanged silver prices, you could have the most desirable silver play of all time, but the stock price won't advance. The PE will shrink into reasonable. In a rising interest rate environment that is exactly what you can expect. Without rapidly rising silver prices silver plays are dead money. Why don't you answer 1 - 4 and then later we will see how accurate your projections are or whether they have anything to do with why we are here. I have no doubt that I could spend several hours rounding up good answers to the four, but I don't try to put a fifth wheel on a wagon.