My TOP10 picks list in (Silver & Gold) Mining companies 3/10
Four months ago I made a very risky bet. After Bear Creek Mining stock cratered 70% in 6 months (after it had already 85% in the last three years (totalling a 96% loss in 3.5 years) I went in big at the 20 cents level, making it one of my biggest positions in my portfolio.
I believed in an upcoming PM bull market and was of the idea that this stock was criminally underpriced at that level (even if it was a high risk bet): around 350 M equivalent silver ounces for 70 million USD meant that every ounce was priced below 20 cents. Actually that meant that for every stock unit you bought a silver ounce in the ground !!
It was one of my best bets. The silver bull has bearly started and I already doubled my money !! I calculated the price objective for this technical setup: a potential 350 x (or a 175 x from current price level).
I am very bullish on BCM !!!
I believed in an upcoming PM bull market and was of the idea that this stock was criminally underpriced at that level (even if it was a high risk bet): around 350 M equivalent silver ounces for 70 million USD meant that every ounce was priced below 20 cents. Actually that meant that for every stock unit you bought a silver ounce in the ground !!
It was one of my best bets. The silver bull has bearly started and I already doubled my money !! I calculated the price objective for this technical setup: a potential 350 x (or a 175 x from current price level).
I am very bullish on BCM !!!