BullMarketRun.com

The BMR Portfolio

Gold Bullion Development (GBB, TSX-V)

Gold Bullion is likely on the verge of closing its $8 million private placement…our best guess is that this will occur during the upcoming week…the stock finished ahead 1 penny last week at 58 cents and has held at or above its rising 100-day moving average over the past month…technically, one could make a strong case that GBB is getting very close to starting a new uptrend…volume has tapered off considerably over the past couple of weeks, typical of the late stages of a consolidation, and the 20-day moving average (SMA) appears ready now to reverse to the upside…more drill results from the LONG Bars Zone can’t be far off…it makes sense that we should expect a very steady flow of results through November and December….

GoldQuest Mining (GQC, TSX-V)

GoldQuest doubled in value over 11 trading sessions from late September into early October…some profit taking set in last week when the stock declined from a 52-week high of 32.5 cents to as low as 24.5 cents where there is very solid support…this helped to significantly unwind an overbought condition…GQC closed Friday at 25.5 cents, a loss of 5.5 cents for the week, and it’s strongly underpinned by a rising 20-day moving average at 23 cents…we are extremely bullish on the near term and longer term prospects for GoldQuest which has a highly prospective portfolio of exploration projects (Gold, silver, and base metals) in the Dominican Republic, and a substantial zinc-lead-silver deposit in Spain that was acquired for potential production in a partnership with Lundin Mining (LUN, TSX)…we expect more news soon from GoldQuest which is expected to be very active in the DR over the coming months while advancing the Toral deposit in Spain with a 43-101 compliant resource estimate…

Excel Gold Mining (EGM, TSX-V)

Volume picked up in Excel last week with the stock trading in a tight range between 16 and 17.5 cents…it closed Friday at 16 cents for a loss of 1 penny on the week…Excel announced last Wednesday that it has arranged a non-brokered private placement of 3.75 million flow through shares at 20 cents per share to raise gross proceeds of up to $750,000…the company will use the funds for an upcoming drill program at its Montauban Mining Camp Project, 120 kilometres west of Quebec City…Excel also stated it expects to receive a report from its geological consultants very soon on historical data pertaining to the former Montauban Mine…this will be the most extensive compilation of data ever assembled concerning Montauban, a former producer of Gold, silver, zinc, lead and copper…the Company will also be presented with a 3-D Gemcom geological model of the Montauban mineralized structures which will aid immensely in preparation for the upcoming drill program…

Richfield Ventures (RVC, TSX-V)

The upcoming week will be an interesting one for Richfield…it’s very unusual that a company would actually give a specific date (October 19) for release of assay results on specific holes, but that’s exactly what Richfield did in a news release last Tuesday…volume was the highest in 11 sessions on Friday as the stock closed the week up a nickel at $2.80…technically, Richfield’s chart looks extremely interesting and we wouldn’t be surprised to see another major breakout this coming week through the September all-time high of $3.05…Richfield is consistently delivering stellar results (long intersections of mineable grade) from its Blackwater Project in central British Columbia…Richfield’s market cap of $100 million is still well below what a potential takeover price would be if the company is able to prove up several million ounces as seems very possible…there are also silver and copper values at Blackwater…

Sidon International (SD, TSX-V)

Sidon reached a 52-week high of 18 cents in early August and has not participated in the powerful CDNX run since then…in fact it has traveled in the opposite direction, dropping almost in half…the stock got a little ahead of itself a couple of months ago, and this also underscores the importance of holding a basket of exploration companies as timing on individual moves can often be unpredictable…”opportunity cost” is always something to be aware of…having said that, our outlook on Sidon hasn’t changed and by all accounts the company is making progress on the ground at its Morogoro East Property in Tanzania…Sidon recently raised $1.7 million to clean up its weak balance sheet…technically, the stock is trading in an area of strong support with rising long-term moving averages (100-day and 200-day)…volume has tapered off considerably which is normal during a consolidation…Sidon closed at 10 cents Friday, a loss of 1.5 cents for the week…

Seafield Resources (SFF, TSX-V)

Seafield continues to encounter resistance in the mid-20’s…the stock traded as high as 25 cents last Tuesday and Wednesday on strong volume but just couldn’t break past that barrier…it declined over the final 3 days of the week to close at 21.5 cents, a half cent gain for the week…our major concern with Seafield at the moment is the slow pace of exploration at its very promising Quinchia properties…we say this with tongue in cheek, but at their current rate of drilling the bull market in Gold (which we expect to continue for quite some time) might be over by the time Seafield gets around to finishing 1st phase drill programs at all 3 of its major properties at Quinchia…the stock’s 200-day moving average is now flattening out and in danger of soon reversing to the downside…things need to turn around  quickly in a positive fashion for Seafield as both the risk level and the “opportunity cost” are now increasing with this stock…

Colombian Mines (CMJ, TSX-V)

Colombian closed the week at 81 cents, down 4 pennies on improved volume as 650,000 shares traded on the CDNX over 4 sessions…last Wednesday the company reported assay results for 7 more holes at its Yarumalito Property with the best result being a 151 metre section in porphyry from YAR-24 grading 0.64 g/t Au…YAR-14 returned 95.5 metres of 0.70 g/t Au…Yarumalito continues to show promise but these are still early days and much more drilling is required…CMJ is one of the best positioned companies in Colombia with a history in that country and a large package of properties…technically, the stock continues to fluctuate between its 50 and 100-day moving averages at 76 cents and its 200-day SMA of 94 cents…a move through the mid-90’s would confirm the start of a new uptrend…

North Arrow Minerals (NAR, TSX-V)

North Arrow was quiet again this past week as it traded only 275,255 shares, closing at 16.5 cents for a gain of one penny for the week…we’ve been very patient with this company which has essentially drifted aimlessly since we introduced it to BMR readers last April…the biggest disappointment for us has been North Arrow’s inability to carry out a drill program this summer/early fall at its Lac de Gras diamond property in the Northwest Territories…the company finally received a drill permit last month but then said it was too late in the year to drill at Lac de Gras and has rescheduled drilling there until next spring…the company has some other properties in its portfolio and President and CEO Gren Thomas has also been searching for new opportunities…there is great potential with North Arrow and at this point we’re hoping Thomas can pull a rabbit out of the hat in the very near future and take advantage of a strong market…