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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Stephen O who wrote (1928)2/25/2002 12:52:10 PM
From: Claude Cormier  Read Replies (2) of 39344
 
<BHK is the owner of the Manantial Espejo property in Argentina. SSRI is earning a 50% interest by spending $5 million US on exploration. That's about 5c Cdn per BHK share. >

A good move by BHK I think. They are selling for US$2M their 50% interest in Manantial. This will help clean the balance sheet amd they are selling away an asset that still needs much higher silver prices to become economic.

Now the next thing to watch are their operating costs which have been climbing in recent quarters. If they can come down or at least stabilize, BHK will be worth a very close look at the current price.
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