Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eva who wrote (1103)	7/14/2000 10:11:05 AM
From: russwinter	Read Replies (2) \| Respond to of 4409

Forgive a little wild ass guessing (the infamous WAG) but shouldn't we be talking 200 million low cost ounces here even if August's drill results are modest? Costs have got to be coming down as well given the metallurgy (which also pulls in more of the marginal part of the deposit). My back of the napkin takeout price : 200 million (roughly 4 million gold equiv.) @ $30 a ounce (assuming 5.25 silver) is US 120 million (CDN 180 million / 11.0 million shares = roughly $16 a share. I think our biggest risk in BAY as shareholders is that these guys decide to become producers. That results in heavy dilution at idiotic prices, debt, hedging and all the risk and problems that go with that route. Let a larger more experienced company do that. We all need to be signaling management that we want a sale, not a producer.