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Gold/Mining/Energy : Silver Standard Resources Inc. NSC: SSRI CVE: SSO -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (8)	3/31/2000 1:10:00 PM
From: Claude Cormier	Respond to of 165

<< I would also point out from SSRI's Q3rd report that it appears they have little cash vs their 'burn':>> Well BAY doesn't have a lot of cash either. BAY has less commitments though. All their money goes to Alamo Dorado which is bigger than any of SSRI projetcs. I must add that both companies have very good contacts and never had problems raising cash when needed. Both companies appear to have the same strategy of raising cash progressively only when needed and trying to get higher prices, therefore avoiding diluition. BAY has been extremely successful at this game. Their last financing was for $1.2M at $3.00 and they only have 11.5M shares out.