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The BMR Portfolio (GBB was covered separately in Part 2)

Sidon International (SD, TSX-V)

Sidon has pulled back from a 52-week high of 18 cents, reached on August 3, and closed down another penny this past week at 11.5 cents…we view this as a normal and healthy correction after a very sharp rise in this stock over a short period of time…the company is now in the process of completing a small financing ($1.2 million) at 10 cents where there is VERY strong technical support…the rising 50-day moving average, in fact, is at 10.5 cents…the primary trend with Sidon remains bullish and the the final 4 months of the year should prove interesting as the company ramps up exploration at its Morogoro East Gold Property in Tanzania…we are attracted to this stock because of the potential of Morogoro (it’s in a highly prospective, under-explored region of Tanzania approximately 100 kilometres south of Canaco’s Handeni Project) as well as SD’s strong liquidity and very favorable looking chart…this is an interesting play for speculators but don’t get married to the stock…

Richfield Ventures (RVC, TSX-V)

Richfield has been a terrific performer over the past couple of months and is now up 58% since we introduced it to BMR readers at $1.20 last December…the company’s 25,000 metre drill program, which got off to a slow start this past spring, is picking up steam with 2 rigs now at the Blackwater Project in central British Columbia…Richfield closed at $1.90 Friday for a 25-cent weekly gain…more drill results are expected this coming week – if investors decide to “sell on news”, smart money will jump in and accumulate…since last summer, when results first started flowing in from Blackwater, Richfield has consistently drilled long intersections with very mineable grades (typically over 1 g/t Au)…Blackwater also has some copper and silver which will add to the economics of this project if a large deposit is proven up and it goes into production (we doubt Peter Bernier is interested in production – he’s priming this for a buyout)…Richfield’s chart looks strong…there is major resistance at the 52-week high of $2.25 but this could be shattered quite easily on a really good hole or 2…the company has several million in its treasury and a current market cap of only $53 million…

Seafield Resources (SFF, TSX-V)

There’s not a great amount of interest in Seafield at the moment which is why this is such a good time to take a serious look at this stock…Seafield closed Friday at 16.5 cents, unchanged for the week…its 50-day SMA has flattened out after being in decline since early May…its 200 and 300-day SMA’s continue to rise, confirming the primary trend is still up…what will move Seafield in the coming weeks and months, we believe, is a growing resource at its Quinchia Gold Project in Colombia…investor patience is required here…the company has been drilling at Miraflores since late June and initial assays are not expected until sometime next month…drilling should also start soon (in September) at another excellent target, Dos Quebradas…Seafield has the right people on the ground at Quinchia, led by Ian Park who knows Colombia like the back of his hand and was instrumental in putting together Medoro’s (MRS, TSX-V) land package…Park has stated himself, and we find this reasonable, that Seafield should be able to increase the 43-101 inferred resource at Miraflores from nearly 800,000 to 1 million ounces by year-end…Dos Quebradas does not have a compliant inferred resource yet (there is an in-house estimate by Anglo of 800,000 ounces) but Park is hopeful he can get that to 1 million inferred within the coming months after the upcoming drill program…Seafield had nearly $4 million in the bank at the end of June and has all the cash it needs to complete its work programs at Quinchia this year…another really exciting target is Chuscal but that likely won’t be drill ready until sometime next year…with a market cap of just under $16 million, the risk-reward ratio here is very attractive as Seafield attempts to put together a series of deposits at Quinchia that have the potential to add up to 3 to 5 million ounces…

Colombian Mines Corporation (CMJ, TSX-V)

Colombian has been showing a few signs of life lately and closed Friday at 68 cents for a weekly gain of a nickel…what we like about this stock from a technical perspective is how it has held up so well and formed such a beautiful base at the 60 cent level over the past couple of months…the stock is currently sitting almost at its 50-day SMA (70 cents) which it has traded below since the end of April…like Seafield, CMJ has rising 200 and 300-day moving averages and an identical market cap ($15.5 million)…CMJ doesn’t have a property with a 43-101 inferred resource yet but it does hold a huge land package in Colombia (more than 150,000 hectares) which includes the Yarumalito Gold-Copper Project where CMJ has been getting some encouraging drill results (drilling continues there)…

North Arrow Minerals (NAR, TSX-V)

Volume in North Arrow has really tapered off recently as investors wait to see if the company receives a drill permit for its Lac de Gras diamond property…North Arrow did announce this past week that early next month a geophysical crew will be mobilized to carry out ground magnetic and electromagnetic surveys over the Hammer kimberlite (500 km north of Yellowknife), a joint venture between the company (25 per cent) and Stornaway Diamond Corp. (75 per cent)…once completed, the geophysical crew is scheduled to move to North Arrow’s Lac de Gras diamond project and carry out ground magnetic and electromagnetic surveys on approximately 20 priority kimberlite targets there…our concern now is that even if North Arrow receives approval to drill at Lac de Gras, we’re not exactly certain when that’s going to take place…timelines seem to be getting pushed back which investors never like…North Arrow does have a lot of blue sky potential, and mining legend Gren Thomas is one of the best in the business at grassroots exploration, but we will be re-assessing this company in the coming week to see if we will continue to include it in the BMR Portfolio…

“Watch List”:

Excel Gold Mining (EGM, TSX-V) continues to show good volume and finished the week at 15.5 cents, a drop of just 1 penny from the previous Friday…Excel is developing its Montauban Mining Camp Project approximately 120 kilometres west of Quebec City…this project includes the former producing Montauban Mine which features near-surface gold, silver, zinc and copper mineralization…we believe there’s an exciting geological story in the works here and we’ll be visiting Montauban this coming week…Excel is taking a fresh approach to this former mine…other successful companies in Quebec, the most notable of course being Osisko (OSK, TSX), have demonstrated the best place to find a new mine is near an old mine…we like the potential of Excel – its chart is also phenomenal – and we look forward to further due diligence on this company…