BullMarketRun.com

The BMR Portfolio (Part 1 of 2)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion is gaining impressive momentum and patience is going to pay off here as it has for Seafield Resources‘ (SFF, TSX-V) investors…Gold Bullion has battled through resistance at 69 cents and recorded its fourth consecutive weekly advance by closing Friday at 71 cents, a nickel increase over the previous week…the market is finally getting comfortable with a $100 million market cap for this company and that’s a significant development…GBB’s chart is a picture of beauty, a slow but steady climb from the September low of 53 cents…John will be providing an updated chart analysis later today…all moving averages are in bullish alignment and the RSI shows GBB has plenty of room to move higher in the near term without becoming overbought…the Chaikin Money Flow (CMF) indicator shows steadily increasing buying pressure in GBB since early November…this is a stock that definitely wants to go higher…new drill results from the LONG Bars Zone are expected soon…at the moment we’re particularly interested in the new discovery areas in the north and the south for additional confirmation that the LONG Bars Zone is widening…it’s our theory that the mineralization GENIVAR is discovering in the northern portion of the Eastern Extension actually begins to the west above the Preliminary Block Model…at this point there’s no question there’s strong new potential for the LONG Bars Zone going north, and Hole #86 (1 gram over 84.6 metres near-surface) shows there is also new potential going south…looking at the drill map on the GBB web site, it’s obvious that GENIVAR has drilled a series of holes northwest of #86 toward Pit #2 East in the Preliminary Block Model to confirm if there is a possible extension of the #2 Vein…to the east, of course, it’s all “blue sky” as Gold Bullion has several kilometres of highly prospective strike length still to explore (LONG Bars Zone 2 is nearly 2 kilometres east of Phase 1 discovery hole #17)…it appears the east will be the delicious “dessert”…right now we’re still in the early stages of the main course which is taking longer than expected to get through (a good thing) because of important developments in the north and the south…without a doubt, the size of this thing is going to be massive and sometime next year, hopefully sooner than later, Gold Bullion is going to have to call in the cavalry and put half a dozen drill rigs to work in the LONG Bars Zone…GBB is up a whopping 914% since we introduced it to BMR readers a year ago at 7 cents…

Adventure Gold (AGE, TSX-V)

It was a strong week for Adventure Gold which climbed to a new all-time high of 56 cents Thursday and closed the week 6.5 cents higher at 52 cents…the AGE chart is incredible…we first mentioned Adventure Gold to our readers in an article September 29, just a couple of days following the company’s announcement that it had acquired land at Granada, when the stock was trading in the low 20’s…we officially added AGE to the BMR Portfolio at 34 cents October 28, so the gain since then is 53%…our interest in Adventure Gold goes far beyond the company’s involvement at Granada, as exciting as that is…they do hold a small but strategic slice of land in the Granada Eastern Extension and also more property west and south of the Preliminary Block Model area…they’ve already produced some very interesting prospecting results on their land in the west…Adventure Gold has been around only since late 2007 and we are impressed by the company’s strong portfolio of properties (19 in 6 strategic areas in Quebec and Ontario) including its recently announced partnership with Agnico-Eagle (AEM, TSX) at Dubuisson…it also has a partnership with Lake Shore Gold (LSG, TSX) on the Meunier 144 Property where deep drilling is currently testing the down plunge extension of Gold zones located at the Timmins and Thunder Creek deposits…Lake Shore recently provided an update on this project…the current initial deep drill hole onto the Meunier JV property is continuing and when completed is estimated to provide a deep cut on the projected target area at about a vertical depth of 2,600 metres…this will enable shallower wedge cuts to be considered if significant mineralization is found to be present in this area…the initial deep hole was collared on LSG’s Timmins mine property last August and is now about 1,700 metres in depth….this hole is targeting potential zones down plunge and on strike to mineralization at LSG’s 100% owned Timmins Mine Gold deposit where LSG has recently announced intercepts of up to 13.55 g/t Au over 50.8 metres and 61.35 g/t Au over 15 metres…the Timmins deposit straddles a volcanic/sedimentary/ultramafic contact zone within a folded sequence that plunges 54 degrees to the west-northwest toward the Adventure Gold Meunier JV property…if this deep hole succeeds, AGE could absolutely explode…

Currie Rose Resources (CUI, TSX-V)

It was a very positive week, technically, for Currie Rose as the stock corrected 35% from the recent 42.5 cent high to help unwind an overbought condition, and then it snapped back quickly to close the week at 36 cents for a loss of just 1.5 cents…CUI fell as low as 27.5 cents Wednesday, just above its rising 20-day moving average, and that’s when we correctly called an end to the pullback…volume is such an important indicator…this stock has been around for some 40 years and the record all-time trading volume we’ve seen in CUI recently has to be considered an extremely bullish sign for this company…we first mentioned CUI to our readers over 2 months ago when it was sitting at a dime…we added it to the BMR Portfolio at 16 cents in late October and the stock has more than doubled since then…what’s driving this interest in Currie Rose, we believe, is a growing appreciation of the company’s potential in Tanzania where it is focusing on 2 major projects (Mabale Hills and Sekenke), approximately 200 kilometres apart, in the prolific Lake Victoria Greenstone Belt…with the Sisu River Gold Property, which is part of the Mabale Hills Project, investors are looking for a possible repeat of Currie Rose’s early success in 2005 just 8 kilometres to the southwest at Mwamazengo…14 holes totaling nearly 1,500 metres were completed through mid-November at Sisu River….the company reported that “good source rocks have been intersected beneath the ‘mbuga’ clays”…we can’t help but think a discovery could be in the making here, perhaps similar to what occurred at Mwamazengo…the drill program at Sisu River is focusing on an area that has returned excellent sampling results and where artisanal miners made a discovery in the fall of last year…the quartz porphyry target at Sisu River is hosted within felsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…in mid-November Currie Rose also gave more details on its Sekenke Gold Project which is 200 kilometres southeast of Mabale Hills…we are extremely bullish on this major land package as it runs in between and surrounds 2 former producing high grade mines…the company has already identified a large structure (12 km by 800 metres) within a shear zone on the margins of a large granite intrusion that hosts numerous vertical quartz reefs of the same type that developed at the nearby former mines…Currie Rose is ready to initiate significant pre-drilling work (high resolution satellite imagery, geophysics, etc.) at Sekenke in order to prioritize drill targets for the spring…the former high grade Sekenke mine was one of Tanzania’s original Gold producers and a significant one but it’s quite possible they missed the main deposit which could actually be on the ground that Currie Rose holds…

Richfield Ventures (RVC, TSX-V)

Richfield finally took a well deserved rest after a sizzling couple of weeks…the stock fell 14 cents this past week, closing at $4.85, and appears to be in consolidation mode before the next leg up…the first area of technical support is at the rising 10-day SMA which is currently just above $4.70…there have been just a few occasions since Richfield began its run in July when the stock has fallen below its 10-day SMA (and only very marginally), so we would view any drop below the 10-day as a buying opportunity…the 20-day at $3.90 provides rock-solid support…at $4.85, RVC is now up 304% since we introduced it to BMR readers nearly a year ago at $1.20…we believe the company’s objective is to ultimately find a buyer for its potential multi-million Gold deposit at Blackwater in central British Columbia…if good drill results continue, we’re confident that objective will be met and the takeover price could be much higher than the company’s current market cap of $175 million…Richfield recently announced very positive metallurgical results and also more outstanding drill results including 171 metres (from 8 to 179 metres) grading 3.13 g/t Au in BW-91…this hole was collared 50 metres south of BW-87 which cut 115 metres grading 2.59 g/t Au and demonstrates the southward continuity of strong near-surface mineralization between the 2 holes and the potential for a further extension to the south…the deposit is also expanding to the east as BW-90 intersected 148 metres grading 1.77 g/t Au…all in all, this is shaping up to be a major deposit which also has silver and copper values…it looks like it’ll be a cold and snowy winter in British Columbia, but Richfield has a fully winterized camp and should be able to drill with at least 2 rigs without any interruptions throughout the winter…

Greencastle Resources (VGN, TSX-V)

Wow…Greencastle has suddenly become even more interesting with major developments in a related company, Seafield Resources (SFF, TSX-V), which shot as high as 77 cents Friday on a spectacular drill result from its Miraflores Property in Colombia…we’re not sure if Greencastle still holds an equity position in Seafield (VGN did report “marketable securites” valued at $807,000 as of September 30) but events with Seafield are going to have a fundamental impact on Greencastle to create a “Perfect Storm” scenario for VGN shareholders…Tony Roodenburg is President and CEO of both companies and we have a lot of respect for his management style and ability to build value in a company…just a year-and-a-half ago, Seafield was trading at only a few pennies with just enough money in the bank to pay the rent and keep the lights on…he brought some major players to the table with Seafield, including Scott Paterson, who have now done incredibly well after a sizeable Gold project (Quinchia) was put into that company…it only makes sense that at least some of these players are going to follow Roodenburg into Greencastle which has already ramped up its activities significantly since mid-October when it acquired a substantial land package near Richfield’s Blackwater deposit…a heli-borne magnetic and electromagnetic survey has already been completed over that property, and Greencastle also just recently announced it’s looking at adding another Gold property to its portfolio – an “advanced” project – that would become the company’s fourth Gold property as it also holds Indian Creek and Jewel Ridge in Nevada…in clockwork-like fashion, Greencastle has experienced 3 powerful moves (very sharp spikes) over the last 7 years (late 2003, early 2006 and mid-2008)…2006 was more intense than 2003, and 2008 was stronger than 2006…we’re certain that a very powerful fourth major move in VGN is now well underway, driven by the company’s recent shift in corporate strategy to get much more active in the Gold exploration space, which could ultimately take VGN to new all-time highs…volume has picked up dramatically in this stock since late October which is what one would expect in the early stages of a major move…volume on Friday was the highest we’ve seen in Greencastle since its spectacular run in 2008…the stock closed the week up 6 cents at 35 cents, a new 52-week high, and is now up 150% since we added it to the BMR Portfolio in mid-October…at 35 cents Greencastle’s market cap is still a very modest $16 million…the company has a large cash position (working capital of $6 million), regular monthly income of over $100,000 from oil royalties, and has recently hired two IR firms to tell its story…Greencastle seems primed for a huge run…