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

To: Claude Cormier who wrote (1858)4/10/2001 9:36:10 PM
From: Archie Meeties  Read Replies (1) | Respond to of 4409
My point is that the Zn revenues will me mostly fixed by long term contracts, so that the share price should reflect mostly silver prices. The details, of course, of the long term contracts would be of interest in resolving this question. Do you think long term means <2 years? I was thinking of 3-5 year contracts.

"It has been expected in the Feasibility Study that the banking group will
require that approximately 80 percent of San Cristobal's future zinc and lead
concentrate production be placed under long-term purchasing contracts. With
long life reserves and clean concentrates that enjoy high metal content, the
marketing of San Cristobal's concentrates has exceeded the Company's
assumptions. As of September 1, 2000, approximately 90 percent of San
Cristobal's projected output has been placed under letters of intent with
smelters throughout the world. Thus, the Company anticipates it will easily
be able to meet the banks' requirement for long-term contracts when full
production commences in 2003."

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