comments from the chairman, page-5

Exactly SiameseP

If this was the Chairman's comments I am greatly dissapointed because this is what I've feared all along. The valuations are based upon Bolivia.

Will be: 'Largest silver company in the world'; 'Lowest cost producer'; 'NAV multiples of 1.3x' etc. etc.

These all include reserves & estimates related to their Bolivian operations!! Coeur's future belongs to Bolivia!

Unfortunately Coeur shareholder's face the funny conundrum that their shareprice will drop as silver price increases. This is because this increases the probability that their Bolivian asset will be nationalised.

This merger will simply be unbelievable it is gets up. Bolnisi will do simply fine without it thank you.