The Week In Review And A Look Ahead: Part 3 of 3

The BMR Portfolio (Week in Review Part 3 of 3)

Sidon International (SD, TSX-V)

Sidon finished the week on a strong note, gapping up Friday and closing at 13.5 cents on total CDNX volume of nearly 2.5 million shares…the stock remains in a very powerful uptrend with extremely strong technical support at the rising 50-day SMA of 11.5 cents…but overhead resistance and the recently proposed financing ($1.2 million at 10 cents) will likely keep Sidon range-bound until that financing is completed…the October through December period should be very interesting months for Sidon as the company during this time is expected to ramp up exploration at its Morogoro East Gold Property in Tanzania and proceed with a drill program…as Canaco (CAN, TSX-V) continues to surge, interest in companies exploring for gold in this African country remains high…Morogoro East, where artesinal miners have been very busy, is in a highly prospective and under-explored region of eastern Tanzania, approximately 100 kilometres south of Canaco’s Handeni Project…Sidon is up a whopping 170% since we introduced this company to BMR readers last March…

Richfield Ventures (RVC, TSX-V)

Richfield enjoyed one of those “company changing” weeks like we’ve also seen this year with Gold Bullion and Sidon…Richfield reported 6 more holes Thursday from its Blackwater Project in central British Columbia which further demonstrated the world class potential of this property…this was followed up Friday with the announcement of a proposed $14.6 million financing at $1.95…the company continues to drill long intersections of mineable grade including significant widths of 1 g/t Au or better in 3 zones at Blackwater which could be part of one large overall system…given the grades, intersections and location of drill holes Richfield has reported for the past year at this project, a deposit in the range of 3 to 4 million ounces is very possible which is why some big money has come to the table here…the stock closed Friday at $2.20 for a weekly gain of 30 cents, and the volume Thursday and Friday suggest a breakout through resistance at the $2.25 all-time high is imminent…if this occurs, as John pointed out in his article this morning, $2.25 becomes new support and a pullback to that area is quite possible especially with the financing being at $1.95…stocks can surge a bit (sometimes even 50%) during a financing but often are somewhat constrained until the financing closes…having said that, Richfield’s current market cap is only $62 million which offers a lot of upside even after an additional $17 million or so in market cap is added to the stock once the financing is completed…Richfield is up 83% since we introduced it to BMR readers last December…

Seafield Resources (SFF, TSX-V)

Seafield enjoyed an excellent week, jumping 3 pennies on increased volume to close at 19.5 cents…on Thursday it got as high as 22 cents where there is significant technical resistance…we expect big things out of Seafield over the final 4 months of the year as drilling intensifies at its Quinchia Project in Colombia and results start to flow in…technically, the stock is starting to look at lot healthier…patient investors, especially those who suffered through a difficult 6 months from March through August, should be rewarded handsomely with this one…Miraflores, Dos Quebradas and Chuscal give Seafield the potential to outline a multi-million ounce resource at Quinchia, and the company has the right people on the ground and behind the scenes to advance this project in a very effective way…Seafield is up 225% since we introduced it to BMR readers last year…

Colombian Mines Corporation (CMJ, TSX-V)

An important technical development occurred with CMJ Friday as for the first time in over 4 months it broke above its 50-day moving average, closing at 75 cents for a weekly gain of 7 cents… it appears Colombian bottomed out in July and August, showing a beautiful pattern, and is getting set to roar ahead once again…what we like about CMJ is its huge and highly prospective land package in Colombia – over 150,000 hectares – and the fact they’re not a Johnny-come-lately to this area…Yarumalito, which has been delivering very encouraging results so far, is their most advanced property but CMJ has many other solid projects in the pipeline…we introduced CMJ to BMR readers last year at 60 cents and the stock soared as high as $1.62 in March…

North Arrow Minerals (NAR, TSX-V)

North Arrow has been in the BMR “doghouse” lately for under-performance and delays in exploration plans but patience is a virtue and we’re going to wait things out a little longer to see what develops here…NAR has very explosive potential for 2 reasons right now…there is still the chance the company may drill its Lac de Gras diamond property in the very near future (i.e., possibly by late September)…a drill permit decision is expected next week…other factors will also enter into the equation as far as potential drilling is concerned, but we’re hopeful drilling will proceed…secondly, North Arrow recently picked up some gold claims in north-central Yukon where Atac Resources (ATC, TSX-V) has been so successful…if NAR decides to “seize the moment” with the interest in gold plays and get aggressive with exploration at these new claims, investors will no doubt react favorably…NAR closed the week at 15 cents, giving it a market cap of just under $7 million…liquidity is an issue with this stock but volume should improve dramatically if all the pieces of the puzzle suddenly come together…we’re not certain but we’re hopeful this could happen…

“Watch List”

Excel Gold Mining (EGM, TSX-V)

Excel closed the week at 17.5 cents, up 2 pennies, on total CDNX weekly volume of nearly 3.5 million shares…we visited the company’s Montauban Mining Camp Project, a few hours’ drive from Montreal, last Tuesday and we were very impressed…we’ll be reporting separately on this tomorrow…