This article is about Bear Creek Mining (OTCPK:BCEKF), which is a highly speculative Peruvian silver mining company.
1: About Bear Creek Mining
Bear Creek Mining is a silver exploration and development company with properties located in Peru. Currently the company has a market capitalization of roughly $150 million.
Given the high amount of resources on the company's properties, particularly on its Santa Ana and its Corani properties, this is an incredibly low valuation. If the company's cash ($63 million as of the end of March) is backed out, then investors are currently valuing the silver on these two properties at less than $0.25 per ounce.
The reason for this is that there is a high risk that the...