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

To: TheBusDriver who wrote (4341)	7/5/2002 11:44:47 AM
From: geo in vancouver	Read Replies (2) \| Respond to of 4409

Yes it appears positive but note that the Financial Review was done at different prices than used in the reserve estimate, $5 versus $4.60 this is unusual in my experience. You will also note that a 10% decline in the POS from $5 to 4.50 decreases the IRR to an unattractive 9%. Two metallurgical types of ore, poor recoveries in a heap, revision of resources due to down hole contamination. This latter fact is a problem as to my knowledge there were no diamond core holes drilled into the deposit other than for metallurgical purposes and these were never reported to the public I think the shareholders were fortunate that PAAS came along. Otherwise you are looking at a $2 or lower stock comments from Claude? gggeo in Vancouver