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

To: IngotWeTrust who wrote (2342)	12/18/2001 11:35:24 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4409

G_T, I am sure you will agree that it make sense to produce something which cost you $1.50 when you can sell it on the market $4.50, or $4.00 or even $3.50 ? Do we agree on this ? Should I conclude that your answer is yes. >It takes the same amount of expensive equipment to outfit >a silver mine as it does a gold mine. I agree. Another thing we agree on. But here I think you will agree with me that there is a loy of used equipemnt available for cheap these days. Right ? Anyway, as I said, BAY expected CAPEX is very low. >Why you would continue to believe that DB would finance a >project that is going to depress it's own market the >moment it starts producing is beyond my comprehension. First. Who said DB is the financier. Haven't you read who has recently been appointed as a director. Anyway DB is not in the silver market. They are into banking and will make money financing BAY if they are selected. Second. Silver production will go down more than 10% in the next two years. That is more to accomodate a new player that can produce at a cost less than 60% of the current industry average cost.