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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (49544)	4/4/2002 7:07:31 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 65232

PAAS has done a lot in the past year to clean up its balance sheet and return to profitability. They have two mines that are now breaking even at current metal prices prices with a third one, Colorada, that will likely have a very decent profit next year. They are my second choice. I think a silver investor should consider Corner Bay Silver as their #1 choice. It is more speculative than PAAS as BAY doesn't have a mine yet. They are about to complete their feasibility study on Alamo Dorado, Mexico. If all goes as expected, BAY will produce more silver than PAAS in 2003-2004. The suggested production rate (as per pre-feasibility) is for 14M ounces of silver per year in the first two years at a cost of only $1.50 per ounce, then some 8-9M per year in the next 3 years at a cost below $3/oz. At current metal prices, BAY will be the most profitable silver mine. Their output will be 83% silver and 17% gold. No base metals.