Bear Creek Mining Corp V.BCM

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

Metals & Mining Industrial Metals & Minerals

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 located in Sonora, Mexico, approximately 250 kilometers (km) northeast of Hermosillo, Mexico and 300 km south of Tucson, Arizona. The Mercedes property consists of 43 mineral concessions totaling 69,284 hectares. The 100% owned Corani silver-lead-zinc property is located in the district of Corani, province of Carabaya, in the department of Puno in southern Peru. The Corani deposit sits at an elevation of between 4,800 and 5,200 meters above sea level, on the eastern side of the Continental Divide in the Andes Mountains. The project consists of thirteen mineral concessions that form a contiguous block of ground covering approximately 5,500 hectares.

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Bear Creek Mining Corp

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Comment by JohnnyBurnetteon May 26, 2015 6:35pm

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Post# 23767004

RE:Will it get under a $1?

It's been under $1 US for a while now - and I've been buying more in order to average down. But my cost per share is still $1.60 US. I never expected this one to be a one I would take a loss on, but it sure is beginning to look that way.

At this price though, it would be crazy to sell. Downside is by definition "limited", and as I see it all the potential upside is still on the table. Supose there's only a 25% chance it will be successfully developed, (and I consider that a low estimate) the payoff if it is would make it worth more than the price at this point.

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