To: brian krause who wrote (2223 ) 12/18/2001 12:34:57 AM From: marcos Read Replies (2) | Respond to 'this one ' - you mean Corner Bay? ... if so, yes it's my biggest position in resources, never mind just silver ... don't talk about it much, partly because i've been holding/trading the thing for three years now so the novelty is sort of worn off, and partly because for a while it's been in that boring feasibility study stage that all first producers go through ... remember Winspear in late '99 and early '00? ... same deal ... clear value presented so all the speculators can't handle it and dump their stock to investors -g-better plays to be leveraged to silver? ' - that depends on the PoAg scenario you project - if silver goes to a gazillion an ounce and stays there then there are plays with greater leverage, i believe sso.v is one, it has an otc-bb ticker [ssri?] .... on the other hand if you project PoAg of say 5.00US average over the medium term, then i don't know of a better way to play silver, because with the high-grade starter pit that bay has they can pay off their mine construction capex in the first year ... cash costs of 1.50/oz for the first x millions ounces, i forget how many exactly .... here's their website, check out the analyst reports, i think the Deutsche Bank one is by George Albino [remember him from wsp?] and gives the most comprehensive overview - cornerbay.com kitco.com
