Bear Creek Mining / BCM (TSX)

Zitat von vatapitta

Hoher Anteil von Institutionen.

Gefällt mir. Leider an den deutschen Börsen nicht sehr liquide.

Institutional, Corporate + InsiderHoldings
63% (~63 M shares)
Equinox Partners LLP14.6% (15.1 M shares)
Wheaton Precious Metals12.9.0% (13.2 M shares)
Sun Valley Gold 10.0% (10.3 M shares)
Tocqueville Asset Management 9.9% (10.2 M shares)
Insiders 4.8% (5.0 M shares)

We are highly leveraged to Ag, Pb & Zn prices and have a compact share structure
....
Market Capitalization ($CDN) $154 M
We have US $41M cash on hand (~CAD $54M)

Präsentation Feb. 2019 PDF

Stundenchart Toronto

Die Liquidität ist relativ gering. Deswegen sind die Schwankungen auch enorm.

Ich verfolge diese Aktie seit Februar intensiver. Anlass war ein Kommentar, den ich bei Kitco gefunden habe.
Ich kenne Erfle nicht, aber seine Analyse fand ich sehr interessant.

David Erfle, Friday February 22, 2019
Silver to Shine in 2019: Three Silver Juniors to Consider

Zitat

Bear Creek Mining (BCEKF, BCM.V): The company controls 100% of the Corani silver-lead-zinc project, located in the Puno region of southern Peru. The project is approximately 160 km southeast of Cusco and consists of twelve mineral concessions that form a contiguous block of ground covering approximately 5,700 hectares. Corani boasts current reserves which will support average annual production of 8M ounces of silver and 150M pounds combined lead and zinc over an 18-year mine life.
At $18.00/oz silver, $0.95/lb lead and $1.10/lb zinc, the project has an after-tax NPV at a 5% discount rate of $404 million and an IRR of 15.1%, with a payback period of 3.6 years. The NPV increases approximately US$112M for every $1 increase in the silver price (with proportional increases in lead and zinc).
As the company continues to advance the project, they are committed to maintaining the optionality of Corani as long as possible, while balancing permitting and social responsibilities. This includes, most recently, continued community programs, along with work on local access roads and a nearby electrical substation. Bear Creek is also conducting extensive ongoing engineering work in coordination with Ausenco engineering. Once the silver price has a solid $20 floor, I expect this junior to be a strong take-over target.
There is solid institutional ownership in the tightly held stock,
which has a retail float of just 37% of 103M shares outstanding. The
company boasts US$41M in cash and no debt.

M.E. ein interessantes Silberinvestment.
RESULTS OF THE 2019 CORANIREPORT 5.11. PDF

Das Gap ist zu. Erster Kauf, leider in D relativ illiquide.

Zwei Kursprognosen:

"(CVE:BCM) had its price target lifted by equities researchers at BMO Capital Markets from C$3.30 to C$3.50 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 38.34% from the stock’s previous close.Separately, Canaccord Genuity raised their target price on Bear Creek Mining from C$3.00 to C$3.25 in a research report on Wednesday, December 4th."

Meine Bank bietet diese Option nicht an.

Ergänzung aus mining.com, 6.11.

Bear Creek de-risks Corani silver project in Peru
Auszug

“The results of the review include a 20% increase in daily production, a $126 million (31%) increase in after-tax Net Present Value, a 52% increase in after-tax Internal Rate of Return from 15.1% to 22.9%, a 1.2 year (33%) reduction in the payback period, lower All-In-Sustaining-Costs and significantly reduced construction, development and operating risks,” the media statement reads.
The review also revealed that projected silver production totalling 49 million ounces during the first three operating years would make Corani one of the world’s largest silver producers.
According to Anthony Hawkshaw, Bear Creek’s president and CEO, byproduct lead and zinc credits make a significant contribution to Corani’s expected AISC of $1.36 per ounce of silver for years one through three, resulting in capital payback in less than 30 months of the projected 15-year mine life."

Ergänzung:
Nachteil: Die Kalkulation der Rendite ist stark abhängig von der politischen Lage in Peru.

Vorteil: Überwiegend institutionelle Anleger sind investiert.
Aus der Präsentation vom 5.11.2019, S. 17, PDF

Zitat von LuckyFriday

Der Aufwand ist mir zu groß.
Da ich bei einer Auslandsorder wegen Teilausführungen viel Geld für die Order zahlen musste, bevorzuge ich die Börsen in Deutschland.

Neue Analyse:

"Bear Creek Mining (CVE:BCM) had its price objective boosted by BMO Capital Markets from C$3.30 to C$3.50 in a report released on Wednesday, December 18th, BayStreet.CA reports.Separately, Canaccord Genuity boosted their price target on shares of Bear Creek Mining from C$3.00 to C$3.25 in a research report on Wednesday, December 4th."

Kurs zurzeit ca. 2,6 CAD

Ein enger Wert mit relativ hohen Umätzen. Vorsicht!

Anteil SILJ: 1,66 %

Umsätze steigen