BWLRF..Bunky, I haven't done such an analysis for BWR in 2007 yet. TD Newcrest has a good handle on them and they are projecting Breakwater's EPS to be 57c and their cash flow at 81c in 2007. Certainly makes their $1.15 S/P look CHEAP! This assumes an average zinc price of $1.50 and an average Copper price of $2.25. Their price target is $2.50C and that is only so low because they are discounting the short expected mine life of two of their mines. I pasted their report last week on post #46882.
I also compared the reserves of BWR with another board favorite, HBM. On the basis of current market caps, I found BWR to have twice as many proven and probable reserves as HBM. BWR also has more of its reserves in zinc than the others. I believe that zinc has the best fundamentals going forward. I like BWR, HBM and EZM but of the 3, I believe that BWR is currently the most undervalued and is also my largest position. I expect the SP of all three to continue heading north over the next month as the market continues to anticipate what their earnings will be in the next reported quarter. Have a Happy 4th all!
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