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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (43524)	2/21/2006 1:14:35 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 313662

>Really? I take your word for that. I would not have thought > that was the case..... Well that is what I think based on a higher silver content, lower strip ratio, possibility of low capex using heap leaching. We will really know once the scoping study is out. In short, Corani deposit is from surface. WTC is much deeper. >Mind you I don't think the risk is as big as the alarmists >like to make out but I see it has higher than Mexico.... Exact. and for the time being Lourdes, the pro-capital candidate is leading in the pole with 38%.

To: TheBusDriver who wrote (43524)	2/21/2006 1:41:46 PM
From: Claude Cormier	Read Replies (4) \| Respond to of 313662

Wayne, Additionally, BCM is selling at a discount to NAV while WTC is fully valued. Sprott has a target of $6.75 on BCM and is buying aggressively today on the favorable drill results. Furthermore, I believe that Santa Ana where drilling will eventually start (now looks like April) seems to be a silver target as good as Corani of not better. If they just come up with one drill hole at Santa Ana that looks like it is another Corani in 2Q, then here comes double digit with takeover in second half. My opinion of course. And I've been wrong in the past. I am probably also wrong on PMI, but I can see max potential for $10-$15 before year end based on potential for $1-$1.50 net profits on an annual basis. For this we need sustained (or better) tungsten prices, reasonable markets and continued smooth operations in Portugal.