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


To: IngotWeTrust who wrote (2345)12/19/2001 12:09:26 AM
From: Claude Cormier  Respond to of 4409
 
<No, you can't make that assumption. >

Well you do not agree that if I sell you an ounce of silver at $4.50 that cost me $1.50 to produce, I make $3.00 gross profit??? I am sure you do.

So our debate is more about the silver market and the future prices of silver, rtaher than it is about BAY itself.

<Silver production reduction in the next 2 years is just more hypothetical whooha>

I don't think it is. There are already quite a few mining shutdown and production cuts that have been announced by base metals mines and at least one pure silver producer (Hecla).

But nevermind future silver price, lets take the current silver price. It is at $4.46.. good enough for Alamo Dorado.

So if we stay above $4, do you agree that BAY will be very profitable ?



To: IngotWeTrust who wrote (2345)12/19/2001 8:59:23 AM
From: Zardoz  Read Replies (2) | Respond to of 4409
 
I read all I could about BAY, and nothing gives me the impression that the true value of Bay isn't $0.50 or less. It's showing signs of a private placement, or low ball financing. I'd be skeptical of seeing this chart break above $3.00 based on anything I've seen. This stock should be shorted before X-mas, and the profits from such transaction will be your gift to the bank account. Any corporate website that needs to place a 24hr silver chart on the website is a promoting bastard that should be shorted. As an X-Vancouver player, I know that when Canaccord Capital is involved, your on a pump&dump stock ride... Enjoy the small ride up, but watch out below. There is no secure feasibility study, no real results, just speculation {Which I know a lot about}

I respect the caution you are spreading on this stock, keep up the good work.