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

To: marcos who wrote (442)11/22/1999 4:05:00 PM
From: Little Joe  Read Replies (1) | Respond to of 4409
 
Thanks Claude and Marcos.

Live long and prosper,

Little joe



To: marcos who wrote (442)11/22/1999 4:25:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4409
 
Deutsche Bank, George Albino just came out with an update. His news NAV at 6% discount rate, 70% recovery rates qand $5.25 silver is $7.33. If recoveries come up only to 60% his NAV is still a healthy $4.93.

With all the field tests averaging 67%, this looks like a extremely robust project. Albino even calculates an IRR of 30% with recovery rates as low as 50%. Looks like this project is almost guaranteed to do forward.

CC


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