50% off Premium Yearly
Bear Creek MiningBCM.VCOMMENTMar 08, 2016Stock price when the opinion was issued
As of Mar 02, 2026. Market Open.
He remembers this company coming to his office when he was a portfolio manager, more than 10 years ago. They were talking about how they had this great potential and were going to become a huge silver mine. The stock was in the $6 range, and it really hasn’t done anything in a very, very long time. This is a situation where at some point you have to throw in the towel.
Their Latin America mine is now at the permitting stage. A low grade silver/lead/zinc system. It is partly tracking the rise in metal prices and the expectations that were coming out. They have arbitration going on at the Santa Anna project, so they may get some sort of payout for that. The bigger guys are feeling the worst is over and are now looking down the food chain and starting to acquire smaller companies.