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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.


TSXV:BCM - Post by User

Bullboard Posts
Post by All-in-Oneon Jun 17, 2012 7:05pm
653 Views
Post# 20023750

BCM vs LVN

BCM vs LVN

It is just a matter of time Bear Creek had approx $90 million in the bank and similar resource quantities to Levon.Levon had aprox. $57 million in the bank.


Bear Creek (Peru) trades at a valuation of $226 million vs Levon (Mexico) $107 million .
Both companies are likely takeover targets given the massive size of the deposits.


After analytical dissection, Bear Creek may be closer to production but because of the extreme disparity in valuation, it is clear that Levon has the edge on the upside potential.
I have attached Bear Creek's fact sheet to demonstrate similarities and dissimilarities.
https://www.bearcreekmining.com/i/pdf/BCM_Factsheet_Mar2012.pdf

The Garcia administration already rescinded one of Bear Creek's silver properties.

Levon's property is in a mining friendly jurisdiction with no known political risk.

You're a smart guy and I have come to recognize this.

However, you're so blatantly one sided and negative, it nullifies your keen insights.

Bear Creek has been drilling longer and have spent considerably more money than Levon.

Further, their burn is 3 times that of Levon: $12 million vs $36 million per annum.

I will bet that Levon will overtake Bear Creek's market cap over time.

Bullboard Posts