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


To: Claude Cormier who wrote (1477)10/14/2000 5:12:20 PM
From: ahhaha  Read Replies (1) | Respond to of 4409
 
A 50% downward adjustment in expected valuation due to factoring in of development costs? Isn't that what I said and was attacked by your running dogs who never even addressed any of my comments? You claimed in the past that management was able to develop the resource and now we're talking about getting a new management team that can do that? But the coup de grace is your comment that debt financing could be lined up to afford it. Hey, where do you get off making these claims about solid value? It's ok to borrow if you're mining metals, but it isn't ok to use a credit card?

ps. I think you're wrong about the marginal demand and supply for silver. You confuse marginal and total demand/supply. Price is determined at the margin where the marginal factors are in equilibrium. I claim the material marginal supply and demand are in equilibrium and statistics which won't be available for another 9 months will show this decisively. Actually silver marginal supplies are slightly above marginal demand, but the degree is too small to effect price since there isn't sufficient activity to recognize that degree of fineness.