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 3, 2010

BMR Portfolio Performance Update – 273% Gain

At BMR we are focused on the junior resource market (specifically the CDNX, its daily moves, short, intermediate and longer-term trends) as well as identifying a small number of unique, undiscovered companies within that sphere that have tremendous potential (“home run” opportunities as we say).  We learn as much about those companies as possible and we follow them closely.

Our niche is monitoring the CDNX, a highly speculative and extremely interesting market, and putting forward some situations for your consideration that are worthy of further investigation and due diligence.  We don’t give price targets and none of our suggestions should be construed as a “buy” or “sell” recommendation – you must do your own due diligence and you should also consult with a professional investment adviser prior to making any investment decision.  We accept no advertising and the companies we cover do not compensate us for the coverage we provide.

We also of course follow Gold very closely and track the commodity markets in general for their potential impact on the CDNX.

From time to time it’s useful to stand back and examine our performance – are the companies we have selected doing well?  Are we helping investors better understand the CDNX and the direction it may be headed?  Are we effectively analyzing the Gold market?  Of course we always appreciate hearing from our valued readers, whether it’s positive feedback or fair criticism, so by all means feel free to email us at:  [email protected].

In terms of the “BMR Portfolio” – these are stocks we have researched very thoroughly and have a high degree of confidence in.  We’ve never had more than 10 stocks in this group at one time.  Combined, the current group is ahead a whopping 273% from when we introduced each of these 10 stocks.

Counting the three stocks we’ve deleted from the BMR Portfolio for under-performance over the past year, the average gain for each of our 13 picks is a stellar 204% Nine of these 13 stocks we introduced have registered gains to this point, a winning percentage of 70%.

Past performance, of course, is no guarantee of future success but we have certainly built a solid track record which is why BMR is now registering a record number of daily page hits – 6,000 today alone.

Through Friday, December 3, the current 10-stock BMR Portfolio is up 273%. Four of these stocks (GBB, SFF, RVC and CMJ) were introduced last last year.  One (SD) was introduced last spring while five were added this fall (GQC, VGN, CUI, AGE and EGM).

Below, in order of performance, is the individual breakdown with gains (or losses) for the current BMR Portfolio based on the closing price for each stock December 3:

Up 914%      Gold Bullion Development (GBB, TSX-V)

Up 850%      Seafield Resources (SFF, TSX-V)

Up 304%      Richfield Ventures (RVC, TSX-V)

Up 230%      Sidon International (SD, TSX-V)

Up  150%      Greencastle Resources (VGN, TSX-V)

Up  125%      Currie Rose Resources (CUI, TSX-V)

Up    74%       GoldQuest Mining (GQC, TSX-V)

Up    53%      Adventure Gold (AGE, TSX-V)

Up    40%      Colombian Mines Corporation (CMJ, TSX-V)

Down 9%      Excel Gold Mining (EGM, TSX-V)

Eliminated

Lost 20%        North Arrow Minerals (TSX-V)

Lost 31%          Kent Exploration (KEX, TSX-V)

Lost 34%         Greencastle Resources (VGN, TSX-V)*

*Greencastle was deleted in August and added again in October.

With humble hearts, we thank and praise God, and give Him the glory, for giving us discernment to effectively read the market and select these companies and for the many blessings so many people have received as a result of this site.  If you have had a successful year in the market, we urge you to consider ways to use some of that money to help the less fortunate so you can be a blessing in someone else’s life.  Now is an ideal time with Christmas quickly approaching.

At BMR, we don’t advertise our site.  We have built a large base of readers strictly through word-of-mouth.  Please tell your friends about us and let them know to check out and bookmark “BullMarketRun.com“.  We have exciting plans for 2011 and we expect we’ll soon be adding two additional companies – two new possible home run opportunities – to the BMR Portfolio.

We hope you appreciate what BMR has to offer, and again we would enjoy hearing from you at:  [email protected].

God Bless and we wish you the best of luck with your investments!

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.  God wants each of us to succeed financially which is why the Bible teaches so much about money and how to handle it and invest it –  there are literally thousands of verses.  By examining the life of Jesus and reading the Word, 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.  He delights in us when we grow our investments (His money that we have been given stewardship of) and an increase of tenfold or a hundredfold is always possible.  Jesus loves what some companies are doing on the CDNX and He wants you to know about them and invest in them with wisdom and discernment.  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.

BMR Alert: Greencastle Resources (VGN, TSX-V)

With the tripling in value of Seafield Resources (SFF, TSX-V) today on massive volume of nearly 60 million shares as of 12 pm Pacific, we expect that Tony Roodenburg’s other company – Greencastle Resources (VGN, TSX-V) – is going to suddenly get a lot of new attention.

Greencastle is up 4.5 cents so far today at 33 cents on 1.3 million shares.  It is getting much more involved in the Gold exploration space and we have written extensively about this company in recent weeks.  At 33 cents its market cap is still only $15 million and the company has $6 million in cash.  Do your own due diligence, as always, but Greencastle is looking better than ever given what’s happening with Seafield.

BMR Morning Musings…

Gold powered higher this morning after a disappointing U.S. jobs report…as of 8:15 am Pacific, the yellow metal has surged $23 an ounce to $1,408…Silver is closing in on a new 30-year high, up 72 cents to $29.26…the U.S. Dollar has weakened, down nearly a full point to 79.33…new data from the World Gold Council (WGC) shows that Russia has been a strong buyer of Gold in recent months…Russia has added 65 tonnes for its official foreign exchange reserves since July (it now holds 775 tonnes) and has overtaken Japan for 8th place in the league table of national Gold holders…all told, central banks worldwide continued buying Gold totaling 91.5 tonnes between July and November…sovereign states turned net buyers in 2009, led by Asian and other emerging-economy banks, after 20 years of net selling…the CDNX is 10 points higher at 2106…Seafield Resources (SFF, TSX-V), which BMR uncovered at 6 cents in the summer of last year, is the most active trader on the CDNX this morning with a whopping 28 million shares having changed hands…the stock gapped up to 35 cents and has impressively held its gains and moved higher through the first 2 hours of trading (extremely bullish)…SFF is currently up 21 cents at 44 cents…the spectacular jump is the result of Hole #3 at the company’s Miraflores Property in Colombia which returned 449 metres grading 1.3 g/t Au (for more details please see our article last night)…this is a game-changing hole for Seafield at its Quinchia Project which includes another property we believe is an even better target than Miraflores, Dos Quebradas…the buying of Seafield has spilled over into Tony Roodenburg’s other company, Greencastle Resources (VGN, TSX-V), another BMR favorite, which has jumped 4.5 cents to 33 cents…Greencastle is up 136% since we added it to the BMR Portfolio in mid-October…after spectacular results from Seafield and Richfield Ventures (RVC, TSX-V) over the past two weeks, who’s next in the BMR stable?…Gold Bullion Development (GBB, TSX-V), of course, has more results due out soon from Granada…Adventure Gold (AGE, TSX-V) has activity on several very promising fronts…Currie Rose Resources (CUI, TSX-V) has initial drill results pending from its Sisu River Gold Property in northwest Tanzania…Sidon International (SD, TSX-V) is just starting a drill program at its Morogoro East Gold Property in east-central Tanzania…and GoldQuest Mining (GQC, TSX-V) is developing a potential major Gold deposit at its La Escandalosa Property in the Dominican Republic…these are all companies with outstanding properties and two others of course are Colombian Mines (CMJ, TSX-V), a large landholder in Colombia, and Excel Mining (EGM, TSX-V) which just recently started to drill its Montauban Project in Quebec…

December 2, 2010

Juicy Hole At Miraflores Should Jump-Start Seafield Resources

BullMarketRun first uncovered Seafield Resources (SFF, TSX-V) in the summer of last year when it was trading by “appointment only” between a nickel and 7 cents.    The company has gone through a fundamental transformation since then, an event we correctly anticipated, with a very significant exploration move into Colombia.  The stock exploded to a high of 35.5 cents in late February when it probably got a little too far ahead of itself. Since March Seafield has consolidated, trading within a range of 15.5 cents to 27 cents.  The last trade before this morning’s halt was 23 cents.

Earlier this week, on Tuesday morning, we stated the following regarding Seafield:

“We’re keeping a close eye on Seafield Resources (SFF, TSX-V) which has shown some recent strength including a reversal in its 20-day SMA and a dramatic surge in buying pressure as revealed by the CMF…the stock closed unchanged at 22.5 cents yesterday…SFF does face strong technical resistance in the 24 to 27 cent range, as we saw in September and October, so it will take a major development for this stock to break that barrier…the current technicals, however, suggest Seafield should be watched closely right now.”

That “major development”, it appears, has just occurred.  Seafield today reported the first set of drill results (three holes in total) from its Miraflores Property which forms part of its nearly 70 square kilometre Quinchia Project in a formidable Gold belt in Colombia, less than 10 kilometres south of Medoro Resources‘ (MRS, TSX) 9.7 million ounce Marmato Deposit.

The first two holes were drilled to define the projected margin of the breccia body at Miraflores and returned 78.2 metres grading 0.48 g/t Au and 34 metres of 0.80 g/t Au – certainly nothing to get excited about.  But what is worth getting excited about is the third hole which graded 1.29 g/t Au over a whopping 449 metres (from 53.1 to 502.1 metres).  Hole #3 was drilled at an angle of -50 degrees to a depth of 596 metres from the northeast contact to the southwest contact (check out the drill plan on the Seafield web site) through the centre of the breccia body.

Hole #3 is the best result ever obtained at Miraflores and supports the interpretation in the 43-101 that there appears to be a bonanza zone to the breccia, a high-grade core zone with an increased abundance of visible Gold and enhanced overall grades.  Mineralization is contained within two forms in the breccia body at Miraflores, as general low-grade disseminations within epidote-carbonate-quartz-pyrite cement in-fillings and high-grade fault veins which cut the breccia body.

Seafield also stated today that core logging from several holes shows that the breccia body is more extensive at depth than was inferred from previous drilling.

Prior to Seafield’s drilling, only 10 holes had ever been drilled at Miraflores (in 2006 and 2007).  Seafield used information from those holes as well as 154 underground samples to produce a 43-101 inferred resource earlier this year of 18.6 million tonnes grading 1.3 g/t Au.  At a cut-off grade of 0.50 g/t Au, this represents 976,000 inferred ounces.

Results are pending on nine additional holes at Miraflores which should give the market plenty to speculate about in the days and weeks ahead.  In addition, drilling should be starting soon (if it hasn’t already) at Dos Quebradas which we believe is an even better target than Miraflores.

Another factor in Seafield’s favor at the moment is the fact Medoro is expected to come out with an updated 43-101 resource estimate for its Marmato Deposit in the very near future.  Medoro has been a heavy trader just recently and we suspect the new 43-101 could show a significantly expanded resource at Marmato.

What we see unfolding at Quinchia is this:  At least three or four separate deposits that together give Seafield a multi-million ounce resource that acquisition-hungry Medoro Resources then goes after in a possible takeover of Seafield.  That’s very speculative on our part but certainly a possible scenario.  It’s important to point out that the two key players in Seafield’s Colombian venture and acquisitions are the same individuals who assembled Medoro’s Marmato land package – Ian Park and Stewart Redwood.  Both know this area of Colombia like the back of their hand.

Today’s results prove there is very strong potential for a significant expansion of the Miraflores resource.  At Dos Quebradas, Seafield has some outstanding  porphyry targets to drill based on historical work and very promising results from a recent soil geochemical survey the company completed (a soil anomaly discovered one kilometre to the northeast of the Dos Quebradas porphyry is at least twice the size of the Miraflores breccia pipe).

Mark our words, Miraflores is just the appetizer – Dos Quebradas is the delicious main course about to be served.   A third Seafield project at Colombia that looks very interesting is Chuscal where underground sampling indicates the existence of a large porphyry system.  Some small scale mining is currently taking place at Chuscal, similar to Miraflores, and “significant geochemical anomalies have been outlined at Chuscal over a large magnetic anomaly” as stated in a report on Seafield’s web site.

The Quinchia district features excellent infrastructure with Pan American highway access, three international airports, electricity, and new access to the Pacific Coast on a railway line currently under construction.  All Seafield projects are below 2100 metres in elevation.  While it’s not Quebec, Colombia is still regarded as a good jurisdiction for mining and exploration.

Seafield’s current market cap is $23 million.  As of September 30 the company had just over $3 million in cash.  Our math shows there are approximately 146 million Seafield shares fully diluted with about 41 million warrants outstanding (as of Sept. 30) between 10 cents and 25 cents that would bring in nearly $5 million to the treasury.  The market will have some paper to chew through but Seafield has shown the ability over the past year to produce some very high trading volumes – 10 million shares in just one day last spring, for example.

Investors have good reason to take a liking to today’s drill results from Miraflores and the market “psychology” surrounding Seafield should improve substantially.  At times we have been frustrated by the pace of exploration at Quinchia this year but we have never doubted the potential of this major project.  There’s nothing like a good drill result to get the ball rolling.

Disclosure note:  the writer does not currently hold a position in SFF.

Seafield Drills World Class Result at Quinchia

Last week it was Richfield Ventures (RVC, TSX-V).  Today it’s Seafield Resources (SFF, TSX-V).  Two companies in the “BMR Portfolio” have delivered world class drill results over the last 8 trading days.  Who could be next, we wonder?

The third hole drilled at Seafield’s Miraflores Property, which forms part of its Quinchia Project in Colombia, has returned 449 metres grading 1.29 g/t Au.  This deposit already has a 43-101 inferred resource of 18.6 million tonnes grading 1.3 g/t Au and the result from this hole, drilled at an angle of -50 degrees to a depth of 596 metres from the northeast contact to the southwest contact through the centre of the breccia body, certainly adds to the resource.  The 43-101 was based on just 10 drill holes between 2006 and 2007, plus underground samples, and Seafield also reported today that visuals of other holes from this program at Miraflores (12 holes were drilled altogether) suggest the breccia body is more extensive at depth than was previously believed.

Seafield was halted at 9:22 am Pacific with the last trade at 23 cents.  The stock did not resume trading today but it’s safe to assume it’ll be cleared for trading by the opening bell tomorrow.

Miraflores is one of three key properties Seafield has at Quinchia.  The other two are Dos Quebradas and Chuscal.  The company’s goal is to develop a combined resource of at least several million ounces which is certainly realistic in our view given today’s result from Miraflores and the significant geological potential we know exists at Dos Quebradas, in particular, and Chuscal.  We’ll have more on Seafield later today.

Breaking News: Seafield Resources Halted

Seafield Resources (SFF, TSX-V) was halted at 9:22 Pacific this morning at the company’s request, pending news.  This could be the exploration news we’ve been waiting for from Seafield’s very promising Quinchia Project in Colombia.

BMR Morning Market Musings…

Gold has traded in a range of $1,383 to $1,399.50 today…as of 8:50 am Pacific, the yellow metal is up $10 an ounce to $1,397…Silver has jumped 48 cents to $28.90 and is quickly approaching last month’s 30-year high of $29.41…the U.S. Dollar Index is down more than half a point to 80.19…the CDNX is firmer at 2101, a 13-point gain from yesterday…the train is ready to leave the station, folks…this is not a time to be hoping for a “pullback” in the CDNX in order to get “positioned” in your favorite stocks…that opportunity came in November over a six-day period…we called this market correctly in July and what we see developing now is the next major phase in this historical bull market with the CDNX having the potential to reach the 3000 level during the first quarter of next year…that’s essentially a 50% move from current levels…we have already outlined all the factors supporting that bullish argument and we will reiterate them over the coming week…Gold Bullion Development (GBB, TSX-V) is up 3 pennies at 69 cents as it threatens to bust through some important resistance…the GBB 12-month chart shows amazingly consistent progression which very accurately reflects, in our view, what’s happening on the ground in the LONG Bars Zone…a quick look at the GBB chart should tell someone instantly that this is a company going in the right direction…we have many other examples of that in the BMR Portfolio…Currie Rose Resources (CUI, TSX-V) is strengthening this morning after a healthy three-day pullback…the 35% correction helped unwind a technically overbought condition and the rising 20-day SMA provided excellent support…CUI is up 3 cents this morning to 32.5 cents…GoldQuest Mining (GQC, TSX-V) had a strange drop yesterday which proved to be a great buying opportunity…GQC is currently up 4 cents to 35 cents (where it opened) after falling 4 cents yesterday to close at 31…GQC’s latest financials, released Monday, show the company had just over $2 million in cash as of September 30 and it’ll be putting some of that to work very quickly with a major drill program set to begin at the promising La Escandalosa Project (formerly Las Tres Palmas) in the Dominican Republic…an exciting exploration story is developing for GoldQuest in the DR, giving investors strong exposure to Gold, silver and copper…Sidon International (SD, TSX-V) came out with more news this morning, announcing that it has received authorization to commence a drill program at its MEG Property southeast of Morogoro in east central Tanzania…the first six holes will test the continuation of the vein that artisanal miners have been exploiting along the ridge that is between two placer areas…what was also significant in this morning’s release was the statement that initial observations by (Sidon) personnel and the artisanal operators suggest that an enhanced recovery of the Gold is apparent. Further testing will be undertaken“…Sidon continues to liaison with authorities in anticipation of receiving its Mining License…the stock is up 1.5 cents this morning to 13 cents…the spike in volume and the corresponding price increase we’ve seen very recently with SD are very bullish indicators…Greencastle Resources (VGN, TSX-V) is up 1.5 cents at 28 cents…Greencastle President and CEO Tony Roodenburg has made it clear he intends to do something substantial with this company in the months ahead and that likely means adding a fourth Gold property and an “advanced” one at that as mentioned in VGN’s news release Tuesday…Greencastle has $6 million in working capital and a current market capitalization of only $12.5 million…strong bids have poured in the past couple of days on Adventure Gold (AGE, TSX-V) which hit a new 52-week high yesterday of 53 cents…there are several potential factors that could drive AGE significantly higher including the deep hole being drilled by Lake Shore Gold (LSG, TSX) at the Meunier JV Property (Timmins deposit) and continued exploration at Granada…AGE is currently unchanged at 51 cents…the stock is at an all-time high, so this is an extremely bullish scenario….

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