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


To: Claude Cormier who wrote (2338)12/18/2001 11:49:09 PM
From: Joey Two-Cents  Read Replies (1) | Respond to of 4409
 
Claude,

Thanks for all the DD you've done on BAY. I bought BAY because I like it's prospects and like the fact it's a virtual unknown as far as silver stocks are concerned.

BAY reminds me of Prime Resources. Prime was a nice low cost producer with large reserves. They use to earn around $ .50 share, had about 90M oz in reserves, and produced around 10M oz per year. they use to trade at around $ 7-8 per share.

If BAY achieves 17M oz's in annual production, has 142M oz's in reserves and can earn $1-$ 1.50 per share, it'll be trading in the $ 10-$15 range.

Do you have any opinion on Excellon? Seems like the drill samples were positive.