BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

December 23, 2010

Independent Research and Analysis of Emerging Junior Resource Companies: Speculative, Undervalued, Home Run Opportunities in Today’s Markets

Welcome to our site, or at least the initial version of it!  BMR has been online for over a year now and strictly through word-of-mouth we have built a large and loyal following.  It helps when your portfolio is up over 200%!

We’re continuing with our plans to ultimately build a very unique investment and money-management resource site that goes considerably beyond what we have now.    An important component of this site will always be original research on small and undiscovered junior resource companies, mostly in the Gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop. The Bible teaches so much about money and how to handle it and invest it –  there are literally thousands of verses on how we should handle the money and possesions that God entrusts us with.  By examining the life of Jesus and reading the Word of God, we can all become fully equipped to be successful investors and handle money wisely in order to make it work for us.  If it’s the other way around –  if you’re a slave to money by being in debt for instance, or if you don’t respect the value of money and spend it foolishly –  you’re in trouble and you’ll never be blessed financially.  We have a God who thinks big – He created the universe – and He wants us to think big  in every area of our lives.  When we handle money from a Biblical perpective (His money that we have been given stewardship of) He will bless our financial decisions and an increase of tenfold or a hundredfold is always possible.  This all begins, of course, with a personal relationship with Jesus Christ by accepting Him as your Lord and Savior and putting Him at the throne of your life.  It is the most important decision you’ll ever make.

God Bless,

Terry Dyer

Owner/Publisher, www.BullMarketRun.com

Disclaimer:

BullMarketRun.com is completely independent from any companies it covers.  BMR accepts no compensation of any kind from the companies we cover in return for that coverage.   We accept no advertising either.  Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company.  We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions.  The stocks we cover, by definition, are highly speculative and potentially very volatile.  Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.

Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

December 22, 2010

GoldQuest Mining Update

GoldQuest Mining (GQC-TSX-V) has done a terrific job over the last year or so getting all of its “ducks in a row” which is likely going to start paying huge dividends as 2011 gets underway.  The company has just commenced a drill program at its La Escandalosa Project (formerly Las Tres Palmas) in the Dominican Republic.  Drilling will accelerate in early January.  La Escandalosa is an exceptional target as we have outlined many times here at BMR.  A recently completed 43-101 shows an inferred resource in one area of La Escandalosa (Escandalosa Sur) of 406,000 ounces – this was a very early 43-101 (based on only 25 drill holes and 3,300 metres of drilling).  The potential for a much larger resource clearly exists – the right geology is there.  GoldQuest has been exploring in the DR for a decade and they have a truly outstanding pipeline of projects in this mineralization-rich country.  In Spain, GoldQuest holds the Toral zinc-lead-silver project which has an historical (non-compliant) resource of 5.4 million tonnes grading 9% zinc, 6% lead and 45 g/t Ag.  A 43-101 on Toral is expected in the near future.  GoldQuest ran to $1.80 per share in mid-2007 on less than what we believe it has now.  The stock closed at 39 cents today and John provides a brief technical update below.

Currie Rose Resources Update

We first introduced Currie Rose Resources (CUI, TSX-V) to BMR readers in September when the stock was sitting at a dime.  After additional due diligence, we added it to the BMR Portfolio at 16 cents in late October.  It has enjoyed a tremendous run, climbing as high as 47.5 cents, and is now in consolidation mode which is healthy from a technical standpoint.  Fundamentally, we absolutely love this company’s large land package in the prolific Lake Victoria Greenstone Belt of northwest Tanzania.  Currie Rose has major discovery potential written all over it with two key projects – Mabale Hills, where it has numerous targets including Mwamazengo and Sisu River, and Sekenke which surrounds and runs in between two former high grade Gold mines.  Results are pending from a drill program launched at Sisu River in late October.  In 2011, Currie Rose is expected to be very aggressive in exploration at both Sekenke and Mabale Hills.   In January, Currie Rose’s Scadding Gold Property (optioned to Trueclaim Exploration) near Sudbury will come into focus as Trueclaim is preparing to launch an 8,000 metre drill program at this highly prospective property.  Currie Rose is one of our favorites for 2011 as we see high potential for a major geological breakthrough at any one or more of this company’s properties.  John provides a brief technical review below.

Cadillac Mining Update

Cadillac Mining (CQX, TSX-V) has indeed turned out to be a tremendous discovery which doesn’t really surprise us as we were so excited with this company and its potential when we presented it to BMR readers December 9.  The stock is already up 72% since we added it to the BMR Portfolio two weeks ago.  There are many powerful factors driving this story, from the share structure to potential new acquisitions and the company’s “Wasa” claims which adjoin Richmont’s Wasamac Property where aggressive drilling continues to return excellent results (more results and a resource estimate coming in January).  In addition to its 100% owned and very strategic Wasa claims, Cadillac just recently partnered with Visible Gold on over 200 claims and 7,000 hectares west of Gold Bullion’s Granada Property.  The volume surge in Cadillac, which started last May shortly after Richmont commenced drilling at Wasamac, clearly demonstrates that something big is up with this company – record volumes in a stock that’s moving higher and breaking out is extremely bullish.  We saw it with GBB and others.  CQX experienced a healthy pullback the last couple of days, falling by as much as 27.5% from its recent high of 45.5 cents, but today’s intra-day reversal was very bullish.  After opening at 36 cents and dropping to 33 cents, Cadillac quickly bounced back and closed the day at its high of 39.5 cents for a 3-cent gain.  John’s weekly chart below is from Tuesday, suggesting a possible pullback to 30 cents, which may prove to be just three cents off the mark.  Note his next Fibonacci upside target (not a BMR price target as we don’t give price targets but a theoretical Fibonacci target based on technical analysis) of 71 cents.  From a fundamental standpoint, Cadillac’s current market cap – even after today’s 3-cent advance – is still only $10 million which is the lowest of any company in the BMR Portfolio.  The outlook for Cadillac is very positive going into 2011 – all things considered here, this does have the “look and feel” of a potential huge winner.  We’re impressed with the company’s management – strong geological and mining backgrounds, significant share positions (20% of the stock) and a determination to move this company forward in a major way.

Colombian Mines Update

Colombian is showing signs of wanting to push higher and just recently broke the $1 level (December 9 and 10) for the first time in over six months.  The stock quickly pulled back again but has remained above its 200-day SMA which is currently declining slightly and sitting at 90 cents.  The rising 50-day SMA could soon cross over the 200-day which would be a bullish technical development, and the 100-day (81 cents) is rising nicely as well.  Colombia is a fantastic place to explore for Gold and CMJ is one of the best positioned companies there in terms of its large land package (150,000+ hectares) and experience in that country.  More drill results are expected soon from its Yarumalito Project, near Medoro’s Marmato Deposit and Seafield’s Quinchia properties.  Results to date have been very promising but it’s still early in the game at Yarumalito.  The company’s El Dovio Property, approximately 100 kilometres southwest of Yarumalito, shows excellent potential though a drill program has yet to start there.  We’re bullish on Colombia in general and there’s no questioning the fact CMJ has assembled a quality pipeline of projects.    There are many reasons for great encouragement regarding Colombian Mines entering 2011.  Everyone has seen what has happened to Seafield which was languishing for a number of months – CMJ certainly has the potential to become a repeat of SeafieldCMJ is up 55% since we introduced it to BMR readers just over a year go.  John provides a brief chart update (Dec. 20) below.

Seafield Quickly Closes Financing, Interesting Players

Seafield Resources (SFF, TSX-V) has quickly closed a $15 million financing (30 million units at 50 cents per unit with a full warrant at 75 cents) which we believe is a very bullish sign for this company which reported outstanding initial drill results from its Quinchia Gold Project December 3.  On December 9, Seafield announced a proposed $8 million financing.  A day later the financing was nearly doubled and less than two weeks later the $15 million private placement has closed (subject to Venture Exchange approval).

Today’s news release from Seafield indicates some major players stepped up to the plate for this financing.

“Peninsula Merchant Syndications Corp. and Casimir Capital Ltd., among other arm’s-length parties, acted as finders in connection with the offering. The company is pleased to have Peninsula and Sam Magid involved as strategic investors. Peninsula has been instrumental in creating and building value for a number of companies in the global natural resources sector, including Ventana Gold Corp.”

Today’s news came immediately following the market close.  Seafield finished the day up a penny at 55 cents.

BMR Morning Market Musings…

Gold is trading in a narrow range today as volume continues to thin out in advance of the Christmas holidays…as of 7:45 am Pacific, the yellow metal is essentially unchanged at $1,386…Silver is also quiet at $29.27 while the U.S. Dollar Index is flat at 80.71…the CDNX got through resistance as predicted at 2150 yesterday and is currently up 10 more points to 2166…the resistance band John identified runs between 2150 and 2250…the CDNX has an excellent chance of finishing the year above 2250…Gold Bullion Development (GBB, TSX-V) is up 2 cents at 84 cents…there is very strong new technical support for GBB in the upper 70’s and low 80’s….Cadillac Mining (CQX, TSX-V) dropped as low as 33 cents this morning before recovering to a daily high of 36 cents…it’s currently off 1.5 cents at 35 cents…technical support for CQX is rock solid in the low 30’s, so it wasn’t surprising to see it react after touching 33 cents…we’ve seen a healthy pullback of 27% in Cadillac from its recent high of 45.5 cents which helps sets the stage for the next major advance…this is one of our most exciting situations for 2011…things are generally pretty quiet across the board today but Canaco (CAN, TSX-V) hit a new all-time high of $6.19 on the release of more assay results, including 9.5 g/t Au over 51 metres, from its Magambazi Gold discovery in the Handeni region of Tanzania…the stock is currently up 40 cents at $5.82…Canaco’s success certainly bodes well for all companies in the Gold sector in Tanzania where many more significant discoveries are likely to be made in the coming years…within the BMR Portfolio, Currie Rose Resources (CUI, TSX-V) and Sidon International Resources (SD, TSX-V) are well positioned for success…GoldQuest Mining (GQC, TSX-V) is up 2 pennies at 41 cents…as readers know, we are very bullish on the geological prospects for GoldQuest’s La Escandalosa Property in the Dominican Republic…drilling has started at La Escandalosa and will accelerate early in the New Year…GoldQuest’s entire pipeline of projects in the DR hold excellent potential along with its Toral zinc-lead-silver deposit in Spain…2011 could be a major breakthrough year for GoldQuest

December 21, 2010

Gold Bullion Development Update

Gold Bullion Development (GBB, TSX-V) has been better than a 10-bagger for BMR readers who piled in on this stock at 7 and 8 cents a year ago and have held on (if you missed that one, we suggest you do some due diligence on CQX if you haven’t already).  But even at 82 cents (today’s close) and a market cap of approximately $120 million, Gold Bullion still has immense upside potential.  One only has to look at what Osisko (OSK, TSX) has done thanks to its 10 million+ ounce Canadian Malartic deposit just 65 kilometres east of Granada.  GBB’s LONG Bars Zone has gotten longer and wider over the second half of this year and we expect that trend to continue in 2011.  There is a vast amount of land still left to explore at Granada.  GENIVAR is finding lots of branches and it’s just a matter of time, in our view, before they discover the trunk.  GBB’s chart is nothing short of incredible and should put everyone on notice that 2011 could be even more exciting for this company.  John takes an updated look at the near-term possibilities for GBB in the chart below.

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