It has been a spectacular year for Richfield Ventures (RVC, TSX-V) which has made huge progress in outlining a potential multi-million ounce Gold deposit (silver and copper credits as well) at its Blackwater Project in central British Columbia. We introduced Richfield to BMR readers a year ago when the stock was sitting at $1.20. It got as high as $2.25 in March before dropping briefly below $1 in late June/early July. That’s when its big run kicked into gear and by mid-September Richfield was trading at all-time high of $3 with very encouraging new drill results coming in from Blackwater. The company completed a $15 million financing in September, and this was followed by more outstanding results and another new high of $5.10 by late November. Richfield closed at $4.50 today, a whopping 275% increase from when we added it to the BMR Portfolio. Richfield will be drilling aggressively throughout the winter at Blackwater and some more exciting results are no doubt on the way. This company, which has a current market cap of $174 million, is a possible takeover candidate within a year upon completion of a 43-101 resource estimate. John provides a brief technical analysis in the chart below.
