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December 23, 2010

BMR Morning Market Musings…

Gold is a little soft today, trading between $1,373 and $1,390…as of 7:45 am Pacific, the yellow metal is down $9 an ounce at $1,376…Silver is off 8 cents at $29.16 while the U.S. Dollar Index is up slightly at 80.72…the CDNX is down 2 points at 2165…BMR has revised its schedule for an upcoming visit to Rouyn-Noranda and the Cadillac Trend in order to allow for more time in the area…we have confirmed two separate visits, the first one beginning January 5th and ending on the 12th with a second follow-up visit during the last half of January…there is much happening on the exploration front in the general area and we’ve already been in contact with several companies regarding situations that we’ll be focusing on…of course we’ll be visiting  Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property and we’ll also be paying considerable attention to what’s happening immediately east and west of Granada…Richmont Mines‘ (RIC, TSX) Wasamac Property and the adjoining claims of Cadillac Mining (CQX, TSX-V) will be of intense interest given developments there in recent months…Cadillac also has 7,000+ additional hectares west of Rouyn-Noranda and has entered into a partnership with Visible Gold (VGD, TSX-V) on those properties which VGD is preparing to aggressively explore…Gold Bullion is unchanged at 85 cents on light volume so far this morning…President and CEO Frank Basa has provided an encouraging year-end message on the GBB web site…one can’t help but feel very excited about Gold Bullion’s prospects for 2011…Cadillac Mining is up half a penny at 40 cents after an impressive intra-day reversal yesterday…the stock briefly dropped as low as 33 cents where there is very strong technical support and quickly reversed to close at the high of the day, 39.5 cents…Seafield Resources (SFF, TSX-V) has closed its $15 million financing at 50 cents…this only two weeks to complete which is a very positive sign…SFF has traded between 55 and 58 cents this morning…it’s currently ahead 1 penny at 56 cents…with the financing out of the way, attention now re-focuses on more results from the company’s promising Quinchia Gold Project in Colombia…Currie Rose Resources (CUI, TSX-V) is up 2.5 cents at 33.5 cents…we love the fundamentals with this company which holds a large and highly prospective land package in northwest Tanzania with advanced stage and grassroots projects…CUI has made it clear it plans to be very aggressive in its exploration efforts there in 2011…investors should also keep in mind that a major drill program is almost set to begin at Currie Rose’s Scadding Gold Property near Sudbury which is under option to Trueclaim Exploration (TRM, TSX-V)…we’re impressed with TRM’s dedication and attention to detail regarding exploration at Scadding where new structures are being discovered around the former mine…GoldQuest Mining (GQC, TSX-V) has started a drill program at its La Escandalosa Property (formerly Las Tres Palmas) in the Dominican Republic…this could bed a company-making project for GoldQuest which also has many other targets in the DR along with a very interesting zinc-lead-silver deposit in Spain…GQC is currently unchanged at 39 cents…we’ll be posting an updated chart on the CDNX later today in addition to our Christmas and New Year’s schedule for postings at BMR

1 Comment

  1. Hi Terry,

    I stumbled upon BMR when I was researching GoldQuest Mining and am very impressed. I took your advise buying shares in Cadillac Mining when you first suggested it and all the developments look very promising for 2011. Keep up the good work and have a very Merry Christmas.

    Maurice (North Vancouver)

    Comment by Maurice — December 23, 2010 @ 11:54 am

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