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

To: TheBusDriver who wrote (3648)	3/27/2002 2:19:34 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 4409

Wayne, As you know, BAY wants to have maximum leverage to silver. But their mine has 15% gold and forecasted production is expected to be 25,000-27,000 ounces of gold per year initially. One possibility that BAY has to limit shares dilution when it comes to finance Alamo Dorado production would be to sell forward one or two years of gold production or get some sort of gold loan. They would miss the gold leverage but would probably be able to issue less shares to finance the CAPEX therefore increasing the silver leverage.

To: TheBusDriver who wrote (3648)	3/27/2002 2:42:13 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 4409

Finally, I bought my last BAY shares today. My wife started to scream "Enough is enough!" -:). So I had to promise her that the next transactions, whenever they come at some point in the distant future I hope, would have to be on the sell side. BTW,I am sure our tutor will be very happy when I do sell those shares.