Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	7/3/2006 3:31:51 AM
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Remember, BWR is running over 10 drills on 3 producers, one soon to be producer and one old producer. They also have 4 JV's drilling. I am sure there is some other exploration as well. They are putting 75 million into Myra falls and Langlois this year alone and still expect to have over 100 million cash at the end of the year . They are a huge cash cow right now and able to do any infrastructure building they need or want. Looking at the interview with the new CEO he looked real solid to me and he mentioned correctly they were able to do very little with infrastructure until recently because of low zinc prices. But they have the good property and can now doing anythng they want! Now we have zinc at $1.46 and LME stats closing in on 200,000 tons and dropping everyday with few exceptions. As panic sets in LME withdrawls should accelerate. Now Langlois is coming on line 6 months early and will run 10% zinc 1% copper and 2 oz of silver. 2,000 tons per day in a brand new 225 million dollar mill. Cash cow. The three producing zinc mines also run about 2,000 tons per day with about 7% zinc and good copper, gold and silver production. BWR will do very good with just their normal production and is the most leveraged big company to zinc; but look at the drilling going on at Myra Falls, El Mochito, el toqui, and now Langolois and they are even spending 2.9 million drilling Bouchard Hebert a closed exhausted mine where they have a lot of property. Best place to find a mine is at a mine-lol. When the panic takes place regarding zinc supplies BWR could really fly like the uranium stocks did. And chances are they will find some very good new ore at one of their drilling spots. Lots of buying at the end of each day. AND THE WTS GIVE YOU 2 to 1 leverage until jan/-09.

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