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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (2292)	11/2/1999 2:10:00 PM
From: baystock	Read Replies (1) \| Respond to of 8010

I still believe BAY is a hype job. Your URL in which BAY is touted is a joke if it is trying to pass off as serious analysis. I don't see any mention of the $1.50/oz cost figures you've been bandying about. How can they attribute $15 million valuation to this deposit without providing any details on its economics ? Here is a post from Kitco that raises some important questions: Date: Tue Nov 02 1999 12:14 Preacher (Orbi; Claude Cormier; BAY) ID#225273: I looked into this company since you posted. I couldn't make much from the drill results you posted, so I looked up some previous press releases. Prior to the ongoing drill program, the deposit was listed at 48 million tonnes 50.46 g/t silver equivalent. This is only $8.52 per tonne rock. The current drilling seems to be turning up intersections that are around 88 g/t ageq. Is this accurate? This rock is only $14.85 per tonne. This is pretty skinny. I realize the plan is to heap-leach it. And although I don't see where any problem has arisen in the metallurgical tests, it is still not known if that process will work. Please explain why you believe this project is workable. Thanks, The Preacher