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

To: marcos who wrote (3136)	1/23/2002 12:56:07 AM
From: charred	Respond to of 4409

Thanks marcos. I kind of like the gold tutor. She is just stirring it up. I didn't know you were talking about AAS. Personally I don't like it. $10.5 million to be paid to the vendors. Alamos recently announced 6 million shares at 15 cents. Finer crushing = higher Cap ex. I didn't know about the locals. This could be the biggest problem of them all. MAN also disturbs me. What I found out is that MAN was paying individuals families to place their drill rigs in their backyard. Since a backyard is private land MAN can pay one individual per hole. Ripping up the town is totally different. The area is still rich without the mine. Metallica's Cerro San Pedro is another case of dealing with the locals. I stay away from companies with these types of problems. As for BAY I don't see any problems. Look at their Annual Report. No town. Having a mine near the town of Alamo Dorado will obviously help the area without uprooting anyone. Peoples homes are secure and things will get better. This what happens when there is a grassroots discovery. Everything looks good. I believe real shareholder value is generated by grassroots discoveries. Not by paying vendors or trying to solve the local issues. I don't see much upside in AAS. In fact I don't see any upside anywhere in the junior market. More geologists have to be roaming the hills looking for new showings. But this costs money but what costs more is not doing it. This is how Alamos Dorado was found roaming the hills. Sorry old Chester can't do it.