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

To: russwinter who wrote (2013)	11/13/2001 2:18:46 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4409

Russ, <BAY has great start up economics: $1.55 cash costs for Phase I, and 2.51 for Phase II> That is what makes BAY more valuable now. The dollars a mine will make in 5-6 years from now are more hypothetical that what it can make next year. <However, I suspect that Delores fits the senior's parameters more so than Alamos Dorado? > I am not sure about that at current metal prices. We need higher I think for a takeover on MFL. El Malacate will possibly make me change my views on MFL coming up second after BAY. In the mean time, BAY will make enough cash in its first 3 years of operation to buy MFL. -o:)