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

To: Scripts who wrote (1598)	11/8/2000 2:18:43 PM
From: Robert Jones	Read Replies (1) \| Respond to of 4409

No, I got same message. Certainly would like to know what was said; can someone post the article as text, if it's not too long?

To: Scripts who wrote (1598)	11/8/2000 2:49:08 PM
From: Claude Cormier	Respond to of 4409

Hello Ed, The files works fine with Acrobat 4.0 Basically, PI reiterates its speculative buy on BAY with a target of C$4.30 base on 21 millions shares outstanding after financing for production in the coming year. That is a net value of $C89 millions at a 7.5% discount (which is a bit high rate IMO given very low inflation rates and a expeditious mining schedule.) IRR is 55%. They explain the conditions of the market which makes more likely that BAY will initially have to move towards production but do not rule out a takeover if conditions improves. The problem is that very few companies have the money avail to take BAY. They give an excellent picture of the technical issues at Alamo Dorado. CC