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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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From: koan11/6/2006 4:45:05 PM
   of 962
 
Great day today. Up, up and away.



BWR and BWR wts up .14. BWR wts up 18+%. Starting to look like a second wave of buying setting in. With the ask of zinc of $2.02 and lead almost .80, 4ht qtr earnings will be huge.

BWR does not count money until delivery of ore is settled.

In 07 they will have 100 million extra pounds of zinc from Langlois and 20% of Cariboo mine which Wolverton bought??

BWR will get some production from Langlois in 4th qtr; also they had quite a bit of ore setttling in 4th qtr not reflected in 3rd qtr. They earned 40 million in 3rd qtr.

This baby is just going to keep rising as its cash flow increases.

Also, their banner deposit at Myra Falls need millions of infrastructuree to increase production. They are putting something like 25 million into new shafts and milling equipment ergo more production. Myra falls produces lots of copper as well as zinc.

Also, it looks like zinc will continue to increase in price; and as BWR moves above $2/3 more large investors will start buying.
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