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

To: ahhaha who wrote (219)	10/20/1999 2:48:00 PM
From: Claude Cormier	Respond to of 4409

ah I got your point and I agree that mining is a very difficult business because precisely of all the unknowns that will make the difference between the ultimate mining costs and therefore profits. But there are still a lot of operations that macth their forecast and do better. Mining may not be as easily forecastable as selling telephone lines is, but its offers other benefit. E.g. the possibility that one or two drill holes can change the entire whole picture of a mining prospects in a day or two of work in the field. <<If you know the answers to 1 - 4, then so do others like company insiders. >> True and that is why they are not selling and still taking out private placement in BAY. <<They have their implementation network all in place and you get the information late. >> That is why I and several of my subscribers got in at 1/3 the current stock price. <g> Seriously, many junior mining companies have no such network and disseminate news ONLY through official press releases. <<You have to guess, so you are no better off in the information stream game than the public.>> False...since you don't know the answers to the questions I asked you. Answering those would help you understand why BAY stock will likely sell much higher in the months ahead assuming silver prices remain stable. Similarly, if all the owners of speculative silver stocks would know these same answers, they would replace part of their PAAS, SIL, CDE or SSC holdings with some of BAY stocks. <<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. >> Of course, a big move in silver... to say $10 or more would help all silver stocks much more than any specifics you could find. But in an environment with stable prices, very few have what it takes to make you money. That is why BAY is the only silver stocks I am willing to buy at current level. I hold smaller positions in two other silver play, but they need higher silver prices to move up... As far as insiders selling... well at some point they always do sell to lockin some profits... and this is true not only in mining. But we know here, that BAY's insiders are still buying in, not selling. <<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. >> Ridiculous... BAY stocks is up 500% in less than 14 months, more than 300% since they announced that silver discovery. A more senior play Apex Silver is up 75% in the same period... Both are up thanks to better information on their respective deposits...not better silver prices. SIL is not likely to move up from here, but BAY will likely to so. << Without rapidly rising silver prices silver plays are dead money.>> I will agree with that statement if you say most silver plays. I think you fail to understand the very important difference between being a producer with established operating frames and being an explorer in the process of developing a major silver project. The discovery cycle is well-known in the mining business... this is the period when the big money is made.