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


To: Claude Cormier who wrote (362)11/16/1999 6:10:00 PM
From: kidl  Read Replies (2) | Respond to of 4409
 
Kaiser says Corner Bay gets boost from neighbour

Corner Bay Minerals Inc BAY
Shares issued 10,941,109 Nov 15 close $2.23
Tue 16 Nov 99 In the News
John Kaiser, writing in a Nov. 8 Bottom-Fish Action that reviews the week
of Nov. 1-5, says Corner Bay Minerals received a shot of moral support from
Azco Mining on Nov. 2 when Azco picked up additional ground near its
Adelita project. This means Azco holdings completely surround Corner Bay's
Alamos Dorado silver property. Mr. Kaiser recommended the stock in
December, 1998, at 45 cents. He also liked it in December, 1997, at 49
cents, and at least once earlier, in December, 1994, at 56 cents. Azco
optioned the Adelita claims in August, 1998, but has had little to say
about them since. Mr. Kaiser notes Corner Bay reached a new high of $2.16
on Nov. 4 ahead of new reserve and grade calculations. Further, Deutsche
Bank's George Albino updated his buy recommendation on Oct. 28. He projects
at least a 25-per-cent increase in the previously estimated
65-million-ounce global silver resource. Mr. Kaiser advises bottom fishers
to hold, at least until the next numbers are released. He projects a
"reasonable target" of $3 to $3.25, after which higher silver prices will
be needed to drive up the stock.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com