Q: Thoughts on BCM? Certainly quite speculative, but the Corani mine seems like a high quality asset should silver prices stay strong.
5i Research Answer:
Bear Creek focuses on the production and sale of gold and silver. Net debt of ~$70 mln is on the higher side and operating cash flows are slightly positive ($4.8 mln) over a twelve month basis. We would view it as higher risk but as noted, if silver prices hold up, the name should do ok.