Bear Creek Mining Corp V.BCM

Alternate Symbol(s): BCEKF | V.BCM.WT

Bear Creek Mining Corporation is a Canada-based precious metals producer. The Company is engaged in the production and sale of gold and silver, as well as other related activities, including exploration and development of precious and base metal properties in Peru and Mexico. The 100% owned Mercedes Gold Mine is in the state of Sonora, northwest Mexico, approximately 250 km northeast of Hermosillo, Sonora’s capital city, and 300 km south of Tucson, Arizona, United States. The Mercedes property consists of 69,284 hectares of concessions. Mercedes is a fully mechanized, ramp-access underground mine with five underground mining areas: Marianas, San Martin, Lupita, Diluvio, and Rey de Oro. The 100% owned Corani silver-lead-zinc project (Corani) is in the Andes Mountains, approximately 160 kilometers southeast of Cusco, Peru, at roughly 4800 meters above sea level. The Corani Project consists of twelve mineral concessions forming a contiguous block covering approximately 6,000 hectares.

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Bear Creek Mining Corp

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Post by windson Sep 24, 2008 5:33pm

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Post# 15482208

PRECIOUS MINERALS--PAA--

Pan American Silver (PAA-TSX; BUY)
Market capitalization: $1,858 mm Enterprise Value: $1,644 mm
Stock decline from March high: -45.6% EV / Total resource $2.44/oz

What they need: Acquisitions of companies with development projects and/or current silver production

Where they are: Peru, Mexico, Argentina

What they should do and why:

Bear Creek Mining (BCM-TSX; EV of $144 million; EV/oz of $0.32/oz silver; down 78% from highs)
Bear Creek's Corani project (362 mm oz; prefeasibility expected by Q1/09) in Peru would be an ideal fit for Pan American as they are familiar and comfortable with Peru, and are looking to leverage their ability to develop and build.

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