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


To: re3 who wrote (4361)8/25/2002 9:53:08 PM
From: Claude Cormier  Respond to of 4409
 
Sure, BAY trade at a discount...at least 15%-20 I would say.

The reason has to do with the water rights to the Hidalgo reservoir that BAY must obtain to make Alamo Dorado a mine. Negotiations are ongoing. In the event that they do not get it, the deal could have problems even if there is an alternative: to drill water wells on site.