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

To: Elizabeth Andrews who wrote (866)	5/11/2000 3:44:00 PM
From: russet	Read Replies (1) \| Respond to of 4409

Good afternoon Lizzie, Old hamster calculations here, http://www.siliconinvestor.com/readmsg.aspx?msgid=12351182&s=Hamster Your deflating comments, http://www.siliconinvestor.com/readmsg.aspx?msgid=12367007 Claude was nicer, http://www.siliconinvestor.com/readmsg.aspx?msgid=12351513 You mentioned insurance, trucking and smelting costs to be added,...I assumed my overhead costs of CDN$3 million would include such charges. Perhaps you can come up with better figures and I will add them. They will have to be pretty high to change the predicted share price below a double, as I calculate the price could rise to above $8.00 with the present figures. New hamster calculation with Claudes adjustments, 15000 {tonnes/day} x (US$11-US$3.40){revenue-cost to process} x 300{production days/year} x 0.60 {recovery rate} x 1.47 {U.S. exchange} - CDN$3,000,000 {overhead and exploration costs} - CDN$10,000,000 {financing interest and depreciation on capex of CDN$45,000,000} - $6,000,000 {tax 35%} / 11,000,000 {outstanding shares & warrants} = CDN$1.01{eps} * 8 {multiple} = $8.08 price target Claude does say that the first couple years will be better, cause the ore is richer at the top. You going to start pumping soon, being squished is tough on a rodent (ggggggggggggggggg).