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

To: Claude Cormier who wrote (2297)	11/2/1999 3:26:00 PM
From: marcos	Read Replies (1) \| Respond to of 8010

"$15M is the market cap" - well, yes, but only in loonies .. ~10M$US. Figure subject to change ... ;-)

To: Claude Cormier who wrote (2297)	11/2/1999 9:08:00 PM
From: baystock	Read Replies (2) \| Respond to of 8010

CC, <<I suggest you do some serious research >> I do research my own investments in general. But I rely on publically available info. But I prefer to avoid stocks where the info is not easily available such as is the case of BAY. There are plenty of other good stocks out there. <<The report by Mintec, very serious mining consultants, suggested that the costs could be lower than $1.50 in the first few years based on a possible 70% recovery rate an a calculated 0.38:1 strip ratio.>> This wasn't in the report I looked at, but thanks for pointing it out. <<$15M is the market cap of the stock. >> my mistake <<This project is at the scoping/pre-feasibility level and that is why the stock is still very much undervalued. As the risks are removed and all the parameters are confirmed, the price will move higher. There are still some risks, mainly concerning the metallurgy and the ultimate recovery rates, but given the preliminary tests done o far, these are risks that not excessive.>> I am not willing to take these risks except with gambling money. But at present I prefer to put my gambling money in Internet/High Tech stocks. As for my mining "investment" money, I will stick with companies with proven deposits and production experience like DROOY for gold and SSC for silver. Sure SSC is more expensive, but there is almost no downside risk at the current price. The upside with SSC is just as much if not more than for BAY, since they can take their project into production rather than having to sell out. With BAY on the other hand the price could go back to 50 cents if there turns out to be problems with the metalurgy. In my mind the risk to reward is much better with SSC. Ram