If you are reading this today just head on out to buy BGBR (Big Bear Mining) this will be big.
BGBR has proven itself as a high flyer, moving up 250% in the last month!! It has since come down hard and fast which presents a very rare opportunity for a hard bounce, sometimes called a dead cat bounce. Today it is trading at $1.29
BGBR has made some major developments in recent weeks and I suggest you read through all their news here: http://finance.yahoo.com/q?s=BGBR.OB
BGBR (Big Bear Mining Corp.) is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production.
In the past year Gold has rallied to unparalleled highs. An ounce of Gold now costs over $1130!
To put that in perspective…Just 9 years ago, the same ounce would cost just $273. This “Gold Craze” has been on CNBC, Fox Business, MSNBC almost everyday for the past 9 months.
Gold seemed like it was on a never ending bull run. And with Gold rocketing most Gold mining companies also doubled or tripled this past year.
You’ see, if a Gold mining company can produce an ounce of Gold at a cost of $400/ounce. With Gold at $500/ounce profits are fair. No one’s getting rich, but things are good.
When Gold rises to $1100/ounce. The cost of mining for that Gold stays the same. In fact pretty much all costs stay the same.
But what’s important about this little mining company. Is that they have found an unusual…
Way of producing an ounce of Gold (worth $1132) for just $61/ounce.
The difference between the $400 cost and $1100 spot price becomes all gravy.
My best guess is that if BGBR is to test highs of $1.75 it made not too long ago it may break it!! The hard dip seen last week probably shook out all the weak hands. If it does which is my best bet then watch out for it making it all the way to the top. I am talking $6.00 or even more.
I’m keeping this email short so you have time to research this company. Always do your research and consult with your own financial professional.
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