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

To: ahhaha who wrote (1480)	10/15/2000 2:44:59 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4409

<<A 50% downward adjustment in expected valuation due to factoring in of development costs?>> I certainly don't think so and never said that. You said it. I guess you make it an habit to speak for others, in their name. << now we're talking about getting a new management team that can do that? >> Again, you pretend I and others said something we never did. It is more than an habit, it is a sickness. We are not talking about getting a new management team, we are talking of adding new skills to an already excellent management team. All business do that when they want to grow. Right? Why replacing management that was able to discover and prove a 140 millions ounces of silver deposit at an exploration cost of less than $0.02 per ounce. <<But the coup de grace is your comment that debt financing could be lined up to afford it. >> Read again, I never said they needed to line up debt financing to afford the project. I said that dilution will be limited by debt financing. The project still has NAV of more than 2 times the current market valuation even with only 50% financing. And, if you know about the mining business, you should understand that a project with a 55-60% IRR will get financed easily. Oh! sorry, you don't know cause you never research things before speaking out loud. It is like the US debt owned by foreigners !! << You confuse marginal and total demand/supply. >> Can you show me where I was confused ? Can you explain of what is made the marginal demand and supply you are talking about and compare them total demand and supply. How are these marginal numbers distributed among the different supply and demand sources? Can you gives these marginal numbers for the last available year ? Of course total demand and supply are in equilibrium, but only when you include supplies from above ground inventories. When we talk of the supply/demand deficit of a commodity, we always exclude inventories cause they are temporary. Cause when they are gone, and it will inevitably happen some day, the deficit will cause the price adjustment to higher level.