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

To: Terry Maloney who wrote (2016)11/20/2001 6:55:15 PM
From: marcos  Read Replies (1) | Respond to of 4409
 
They're going to build and operate the mine if they don't get taken out first, is the way i understand it ... much more in the works than just feasibility .... but they won't dilute at this level imho ..... i forget estimated mine capex, but ten millions shares at around three USD per should take care of most of it ..... cheers



To: Terry Maloney who wrote (2016)11/20/2001 9:01:59 PM
From: Scripts  Read Replies (2) | Respond to of 4409
 
///up to 100% dilution over the coming year///

I've missed this possibility. Where can I get the information on it?



To: Terry Maloney who wrote (2016)11/20/2001 10:36:27 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4409
 
Terry,

Building the mine will cost somewhere between $35 and $50 millions. They will financed this through bank loans and equity. They already have all they need to complete feasibility.

The goal is of course to do a financing at a much higher stock price. My guess between C$2.25-$3.00

I am doing my maths using 30M shares outstanding once BAY reached production. Based on that number, and US$4.50 silver, I see C$1.50+ net profit per share in Y1.


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