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

To: loantech who wrote (2765)	1/6/2002 3:24:32 PM
From: charred	Respond to of 4409

De nada for GBG. I would stay away from companies like that and focus on companies like BAY. BAY is far more advanced than GBG. It seems to me that BAY's management will put Alamos in production with or without a major. They are doing it the right way. Where companies like GBG will try to sell it and then redrill it then try to sell it again and then redrill it again on and on. They have done this before. Another company to look at is PGI. World Class discovery. Recently AngloAmerican paid PGI 20 million US for an additional 10% in the project. With this cash PGI will wipe out it's debt of 14 million with 6 million in cash remaining. They will be carried with their other 20% in the in project. Now let's make things simple for the Gold Panners out there. If they paid 20 million US for 10% then the other remaining 20% interest PGI has is worth at least $40 milion US ($63 million CDN). Plus 10 million CDN in the bank from the sale = $73 million CDN. Now for the fun part. 40 million shares outstanding = $1.82 a share. The last trade was at 60 cents. Therefore I believe both BAY and PGI are good investments with little downside in the long term. Also YMC.U looks good. Big partner behind them. Cheers