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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (4385)	11/25/2001 9:18:03 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

I'm not sure if I mentioned it here (on SDII) but last week I received my nice shiny new annual report from Corner Bay Silver and here’s a recap: Alamo Dorado Silver & Gold Project - 103moz silver – 372,000 ounces gold - Open Pit mineable - Heap leachable Corner Bay estimates the capex required to get this project into production is $45 million, but because of the purity of the deposit they estimate a payback of just a year-and-a-half. Average cost per ounce is just under $3 with Phase I of the open pit operation coming at an incredible $1.55 per ounce. cornerbay.com Also mentioned was the fact that 75% of silver production was a by-product of other metals mining. silverinstitute.org Regards Frank P.