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

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From: koan	10/31/2006 10:01:22 PM
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Investors pile into Breakwater ANDY HOFFMAN MINING REPORTER Investors thinking zinc are also thinking Breakwater Resources Inc. The Toronto-based miner's shares were among the most active on the Toronto Stock Exchange yesterday, surging 6.4 per cent, up 9 cents to $1.49. The gains came as zinc prices climbed to record levels for the second day in a row amid concern over lower production for the metal used in galvanized steel. Zinifex Ltd., the world's second largest zinc producer, reported a 13-per-cent drop in production amid strong demand. Many looking to participate in the metal's strength piled into Breakwater as 8.2 million shares changed hands. "Breakwater offers investors significant exposure to zinc, our favoured commodity," wrote CIBC World Markets analysts Cliff Hale-Sanders and Terry K.H. Tsui in a note to clients this week. Breakwater has been much maligned for the short-term mine life of some of its operations, but the analysts say the company's exploration efforts should alleviate those concerns. "With its high leverage to zinc, we anticipate that Breakwater's earnings and cash flow are set to surge in 2007 as production levels increase," Mr. Hale-Sanders and Mr. Tsui said, adding that a recent pullback in the stock because of production forecast cuts, "are a buying opportunity to gain exposure to the robust zinc market fundamentals." theglobeandmail.com NewsBlast Sign-Up StockHouse NewsBlast: Receive company sponsored news and information via email. Another integral tool for the smart investor...the InvestorMarketPlace.com! « Previous Message Next Message » This message (Post #13473681) has been viewed 81 times Report a BullBoards Violation Ignore seven7s Post Reply View Threads Go to BullBoard: Symbol Company Name Search by Post ID: Sponsored Links InvestorMarketPlace.com! - Another integral tool for the smart investor... NEW - Blogs - an online diary of personal thoughts and ideas about investing... IntegratIR - Manage IR site effectively, IR Disclosure and Awareness, Communicate Wisely BullBoards - Take the Bull by the Horns 9 Red Flags to Help Spot Message Board Scammers \| BullBoards Abbreviations Quotes Portfolio BullBoards News Markets Mutual Funds Commodities Products & Services The StockHouse Network: Copyright 2006 Stockgroup Media Inc. All Rights Reserved. Disclaimer / Terms of Use - Privacy Policy Tools provided by Stockgroup (OTCBB:SWEB TSX-V:SWB) Intraday data provided by ComStock Inc., a division of Interactive Data Corp. and subject to terms of use

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