Ellixor Financial Investments

Ellixor - investment picks for microcap stocks.

Friday, June 09, 2006

BCMetals hits a snag - Accumulate

BCMetals (C.V) Bid $0.70/Ask $0.74

"bcMetals Corp. advises that MiningWatch Canada has filed an application for judicial review of the environmental approvals of the Ministries of Fisheries and Natural Resources. The application claims that the ministries failed to ensure public consultation and/or failed to follow such public consultation. The Red Chris mine has received all necessary environmental approvals from federal and provincial authorities."

A little hiccup for BCMetals provides an opportunity to buy into this play at a reasonable price. Their are several catalyst that could give this stock a bounce back up to $1.50 in the near term (6 to 8 months). See my last published article on this stock.

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