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Bear Creek Mining Corporation (BCM $0.65)
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Endeavour Silver Corp. (EDR $12.22)
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Discovery Silver Corp. (DSV $5.41)
Q: For what reasons is BCM being given a much lower market value than these other two with comparably-sized undeveloped primary silver deposits? Thanks.
5i Research Answer:
BCM is significantly smaller in market cap, which will hold back its valuation at times. Insiders do not own much. Sandstorm owns 20% and Equinox owns 13% and this could limit other corporations' interest. The company has been around a very long time and is only up 36% since 2000 and that has frustrated shareholders and potential shareholders. It is up 100% this year and now that it is producing it 'should' get re-rated and de-risked somewhat, but this can at times be a slow process.