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Gold Bullion Development (GBB, TSX-V) has enjoyed a strong day and late this morning we were able to reach President/CEO Frank Basa for a quick interview (understandably he is not the easiest person to track down these days).  Basa is clearly looking forward to the release of Gold Bullion’s Granada Property Preliminary Block Model as well as the next major round of drilling.  Please click on the link below (MP3 format) to listen to this short interview:
BMR Interview with Basa

Gold dipped briefly below $1,160 this morning but is now up $2 an ounce to $1,164 as of 9:00 am Pacific time…the CDNX, which has been up 7 days in a row, continues to power higher and is currently at 1687, up 7 points…Gold Bullion Development (GBB, TSX-V) broke out as predicted this morning and is enjoying a stellar day with a 6-cent advance to 35 cents on volume of over 3.5 million shares…the stock is closing in on its all-time high of 39 cents…this is the “Perfect Storm” we were referring to for Gold Bullion with a number of factors driving this stock higher…what’s particularly revealing and encouraging about Gold Bullion’s move from below 10 cents in December to near 40 cents now is the fact insiders are simply not selling…two of them added to their positions in the recent private placement and they are showing every sign of being incredibly committed to this for the long term as the company continues to develop its very promissing Granada Gold Property as a potential major bulk tonnage, open pit deposit…Gold Bullion’s Preliminary Resource Block Model on Granada is due shortly along with new assay results and a resumption of drilling…the blue sky potential of Gold Bullion is enormous and if insiders refuse to sell, we see no reason why our readers should sell…Kent Exploration (KEX, TSX-V) is trading large volume this morning – 1.7 million shares – which is a good sign as more stock is soaked up from the exercise of warrants…Kent is one of our favorite companies and we believe it will perform exceedingly well along with its upcoming spinoff, Archean Star Resources…Kent is down 2 cents to 20 cents on heavy volume…we suspect some “positioning” in the stock is taking place this morning as well…

CDNX

The CDNX bull market, underpinned by the surge in precious metals,  powered ahead strongly this past week, blasting through its 52-week high as predicted and climbing 4.9% on the week to 1681.  That was a 78-point gain.  Our argument entering 2010 that the CDNX could jump to between 1950 and 2350 this year is looking more and more valid – that’s exactly what appears to be unfolding right now.   On a very short term basis, the Index is overbought but that doesn’t mean it won’t become more overbought in the days ahead.  Some minor pullbacks can be expected along the way to 2,000 but those are clearly buying opportunities.  Given the power of this move in the CDNX, we believe gold is likely to run to new all-time highs and perhaps rather soon.  All of gold’s moving averages are now in bullish alignment, and gold has broken through important resistance between $1,140 and $1,160.  The current price of gold is particularly impressive considering how strong the U.S. dollar has been since the start of the year.  What seems plausible in the near-term for gold is a test of its December, 2009, high of $1,225, a pullback, followed by another test and then perhaps a powerful new surge that takes gold into the $1,300’s or higher.

The BullMarketRun Portfolio

Gold Bullion Development (GBB, TSX-V)

Osisko (OSK, TSX) nearly doubled in price in September, 2005, when it put out its preliminary Block Model on the Canadian Malartic Property…Gold Bullion is getting close to releasing its Block Model on Granada, and we expect the news will be good…Gold Bullion closed the week on a very strong note Friday, jumping 2.5 cents to 28 cents on volume of nearly 1.3 million shares…technically, the stock is showing signs of a pending major breakout as explained in our article Friday…the closing and approval of the company’s $4 million private placement has lifted the reigns off the stock which could enjoy a very strong week as speculation builds regarding the Block Model, some new assay results and the resumption of drilling at Granada…after months of constant drilling (May through the summer), BullMarketRun believes there’s an excellent chance Gold Bullion could prove up a multi-million ounce deposit…they are working toward a preliminary 43-101 by year-end, so the market capitalization on GBB later in the year potentially and very easily could be 10 times where it is now – in the hundreds of millions – if a five million ounce plus gold deposit appears to be unfolding…we uncovered this gem at 7 cents last December when nobody wanted it…at 28 cents, the party we suspect has just begun…

Seafield Resources (SFF, TSX-V)

Seafield showed renewed strength this past week and also appears ready for another major move to the upside…Seafield was up 1.5 cents on the week to 28 cents and volume hit 2 million shares Wednesday…the company has a quality package of gold properties in Colombia and some initial exploration results (sampling, geophysics, etc.) from Quinchia should be coming out soon…drilling will commence in this second quarter…the stock is up 367% from last summer when we first uncovered it…we continue to hold and expect great things out of Seafield through the balance of the year…not only does the company have some excellent properties in Colombia, but they also hold the highly prospective Picachos Gold/Silver Property in Mexico and the promissing Elora Gold Property in Ontario…

Kent Exploration (KEX, TSX-V)

Kent enjoyed a terrific week, up 6 cents or 38% to 22 cents…Doray Minerals, an Australian-listed company, reported a significant gold discovery on its Andy Well Property in northern Murchison Province just 13 kilometres northeast of Kent’s Turnberry Prospect which was just recently drilled…Turnberry, of course, is part of Kent’s Gnaweeda Gold Property which has a strike length of 28 kilometres and will be vended in to Archean Star Resources which is expected to start trading on the TSX Venture Exchange in approximately one month…Kent shareholders as of April 30 will receive one share in Archean Star for every four shares of Kent they own…following the spinoff Kent’s flagship properties will be the Alexander River Gold Project in New Zealand – historical, non-compliant gold resources total 643,000 ounces at Alexander – and the Flagstaff Barite Property in northeastern Washington State…the production and sale of high grade barite at Flagstaff should commence this summer…Flagstaff has the potential to generate several million dollars a year in cash flow for Kent through the sale of high grade barite to Matovitch Mining Industries…Kent broke through important resistance at 21 cents Friday and appears ready to once again test its 52-week high of 24.5 cents…

Sidon International Resources (SD, TSX-V)

BullMarketRun readers have been accumulating Sidon between 5 and 7 cents over the last couple of weeks…the stock closed Friday at 6 cents, unchanged on the week…Sidon has signed a letter of intent for an option to purchase 80% of the Morogoro East Gold Property from Kokanee Placer Ltd. through its Tanzanian subsidiary…we are extremely bullish on this potential acquisition and the area in question, eastern Tanzania which is hugely under-explored…local miners have been pulling out significant quantities of gold from Morogoro and the reported grades are astronomical…this property is approximately 100 kilometres south of Canaco’s (CAN, TSX-V) Handeni Gold Project which has been delivering excellent results…we suggest further accumulation of Sidon for an expected move through resistance at 7 cents in the near future…

Richfield Ventures (RVC, TSX-V)

Richfield is back on track and enjoyed a solid week, climbing 25 cents to $1.98…drilling commences shortly at Richfield’s Blackwater Gold Project in central British Columbia…the stock got a little ahead of itself last month and has significantly “cleansed” its recent overbought condition as we had predicted…like Gold Bullion’s Granada Property, Blackwater is an extremely attractive bulk tonnage target and could quite possibily develop into a multi-million ounce deposit…

Colombian Mines Corporation (CMJ, TSX-V)

Colombian Mines has completed the first three holes of a 6-hole planned drill program at its Yarmualito Gold Property in Colombia…all three holes encountered alteration and mineralization typical of the gold-copper porphyry system mapped and sampled at the surface…assay results are expected by month-end…drilling continues at Yarmualito with two rigs…CMJ fell one penny on the week to $1.29…technically, the stock continues to look strong and any short-term weakness should be regarded as a buying opportunity…CMJ has a huge portfolio of grass roots properties in Colombia, so it is certainly not dependent on just Yarmulaito…

North Arrow Minerals (NAR, TSX-V)

We added this gem to our portfolio this past week at 20 cents, and it closed Friday at 24 cents for a 6-cent or 33% weekly gain…we are extremely bullish on North Arrow given the company’s geological expertise (Gren Thomas and Dr. Chris Jennings are mining legends), its solid and diverse portfolio of properties, and Thomas’ determination to come up with another major discovery…North Arrow has a very attractive lithium project (Beaverdam) in North Carolina along with diamond, base metal and gold properties…drilling will be commencing very shortly at Beaverdam…earlier drilling came up with very encouraging results…at Lac de Gras, the company has joint ventured its diamond properties with Jennings who took down an entire private placement in North Arrow recently at 18 cents…liquidity in this stock should start to increase as more eyes are put on this play…the company has hired a very experienced and capable IR firm, demonstrating its desire to “get the word out” on North Arrow…

Greencastle Resources (VGN, TSX)

Greencastle touched a low of 12 cents on the week and closed at 13, unchanged…it’s the only stock in the BullMarketRun portfolio which is actually down from the time we began covering it…we see every reason, however, to continue accumulating Greencastle as it has a very strong cash position, regular monthly cash flow from its Primate oil royalties, and some Nevada gold properties that could enter into the equation in a big way as the price of gold continues to climb…more importantly, we see a strong likelihood of CEO Tony Roodenburg doing something big with this company later in the year as he did with Seafield…he will not let Greencastle languish for a whole lot longer in our view, so it’s an excellent stock to accumulate on a gradual basis at current levels over the short to medium term…Greencastle is currently trading essentially at its cash value…the company should be releasing its updated financials shortly…

Gold Bullion Development (GBB, TSX-V) finished the week on a powerful note and appears ready to blast through resistance next week at 31 cents as our contributing technical analyst explains below.

From a fundamental perspective, several factors have come together to create what indeed could be the “Perfect Storm” for Gold Bullion:

1. The company has announced the closing of its $4 million private placement and TSX Exchange approval has been received also, effectively “lifting the reigns” off the stock;

2. New Granada drill results and a preliminary resource block model are expected in the near future – speculation is likely to build regarding just how big this bulk tonnage target already is;

3. Gold Bullion is armed with the fattest bank account it has ever had, allowing it to launch a massive new Granada drill program which is slated to begin very soon.  In our view all this company needs to prove up a multi-million ounce gold deposit is drill, drill, drill – and that’s exactly what they are about to do;

4. Gold is surging and so too is the CDNX.  Gold Bullion is clearly in the “favored space” of companies that are delivering superior exploration results.

Discovery of a multi-million ounce gold deposit – if that is what is proven to be in the ground at Granada – would make GBB’s current 28 cent share price the deal of a lifetime.  The fact Gold Bullion’s private placement was so heavily oversubscribed demonstrates what the “power boys” are thinking here.

We’ve visited the Granada Property, we’ve walked the LONG Bars Zone and we’ve researched this story like no one else.  We know the potential of this and it is ENORMOUS.  Factor in the possibility of record gold prices and who knows where this could go.  This is not hype.  This is reality.  We were screaming from the rooftop when Gold Bullion was sitting at 7 cents in December.  We’re back on the rooftop screaming again – GRANADA IS FOR REAL.  Osisko (TSX-V) and others are watching closely.

At BMR we’re blessed with an excellent technical analyst, and we say that even though he’s from Ontario (sorry, that’s just a bad Western Canadian joke!).  Tonight, Peterborough John was gracious enough to interrupt his activities for an urgent chart analysis on Gold Bullion:

John:  The outlook for GBB is very bullish.  With volume exceeding two million shares Monday, we could see a good increase in price.  The higher volume is critical.  The horizontal blue lines on the left hand side of the chart are the Fibonacci levels which show the next target level is 42 cents.

Gold Bullion’s daily chart shows that on Thursday a “hammer” candle was formed, bringing to an end the four-day decline when the day’s trading bottomed out at strong support at 22.5 cents and bounced back to close at 25.5 cents.

On Friday, trading formed a white bullish candle.  Combined with Thursday’s “hammer”, this has created a very bullish “engulfing” pattern.  This is highlighted by the blue circle on the chart.

The top indicator, RSI(7), shows an orange straight line which is a trendline.  Friday’s trading has caused the RSI to turn up and with the expected bullish trading on Monday, it should cross up through the trendline.

The 50-day SMA (blue line) on the chart is increasing as support.

The bottom indicator is the trend indicator, ADX.  The black ADX line shows the strength of the trend, not the direction.

The +DI (green line) is above the -DI (red line), therefore the strength of the trend as shown by the ADX line is bullish.  During the consolidation the strength of the bullish trend weakened as shown by the downsloping ADX line.  However, this is about to change direction and thus the strength of the bullish trend will increase.

As predicted, gold is now starting to the surge and the party may only have started…gold is ahead $12 as of 9:30 am Pacific time this morning to $1,163, leaving little doubt that it will soon challenge its all-time high of $1,225 an ounce set early last December…the CDNX has jumped 23 points to 1676…in these conditions, Gold Bullion Development (GBB, TSX-V) has the potential to absolutely explode to the upside as speculation builds on new results from Granada and a preliminary resource block model expected soon…a major new drill program also begins in the near future at Granada…BMR has been the authority on GBB and uncovered this gem at 7 cents last December…it’s our belief that the Granada Gold Property will develop into a multi-million ounce bulk tonnage, open-pit deposit by the end of this year, and we’ll be reporting more on this Monday…Gold Bullion’s $4 million private placement is now closed and approved, and the company now has a large treasury to move this project forward in a major way…Gold Bullion is trading at 27.5 cents, up 2 cents from yesterday….Kent Exploration (KEX, TSX-V) has blasted through resistance at 20 cents and is currently at 22 cents, up 3 cents on the day…Kent’s Gnaweeda Gold Project in western Australia is looking very good for its upcoming Archean Star Resources spinoff…Richfield Ventures is also strong this morning, up 18 cents to $1.95 as drilling gets set to resume at its Blackwater Project in central British Columbia…

We urge everyone to read this article very carefully – and read it at least twice –  because an extremely interesting, unusual and potentially very profitable situation is shaping up with Kent Exploration (KEX, TSX-V).  As regular BullMarketRun readers know, Kent has been a favorite of ours since last fall.  It hasn’t exploded yet like some of the other stocks in our portfolio but mark our words:  THAT DAY WILL COME.   And the dividend that Kent shareholders will be receiving very soon in the form of shares in Archean Star Resources makes Kent an absolute no-brainer investment opportunity than even a Grade 3 student can appreciate.  In this article, we’re going to walk you through all the dynamics at play here and present a potentially incredible scenario that we unfolding in the very near future.

Let’s begin by what’s been happening on the ground in the northern Murchison Province area of Western Australia where Kent’s Turnberry Prospect (the most advanced property in its massive Gnaweeda Gold Project) and Doray Minerals’ Andy Well Property are just 13 kilometres apart.  Doray Minerals in an Australian-listed company – it just came on the market in early February – and reported a high grade gold discovery at Andy Well March 30.  Intersections included 8 metres of 62.53 g/t Au, 12 m of 21.47 g/t, and 9 m of 42.97 g/t.  The stock rocketed on massive volume from 30.5 cents to $1.10 within a matter of days.  It’s currently trading around 80 cents (most investors in Doray, we’re sure, have not yet heard about Kent’s Turnberry Prospect).

We’ll explore the geological similarities of Andy Well and Turnberry in much greater detail later on in this article.  Andy Well is just northwest of Turnberry and is part of the prolific Meekatharra-Wydgee Greenstone Belt which is host to numerous large gold deposits.  Turnberry is part of the underexplored Gnaweeda Greenstone Belt.  Gnaweeda and Meekatharra-Wydgee are both part of the same Archean-age Luke Creek Group that hosts 83% of the gold deposits in the Murchison Province.  The northeastern area of Murchison is particularly prolific.  More on the geology a little later and why Dr. Gerry Gray, the author of Kent’s 43-101 Technical Report on Gnaweeda, states:  “There is an excellent chance that further diamond drilling at Turnberry…will intersect significant gold mineralization.”

Immediately below is a map of Doray’s Murchison Province projects.  Kent’s Turnberry Prospect is just to the right of the area identified as Meekatharra North near the top of the map:

The above map shows Doray Minerals' Murchison Province projects. Immediately to the southeast of Doray's Meekatharra North Property near the top of the map is Kent's Turnberry Prospect, just 8 miles away, where five holes have just recently been drilled (assays pending).

Kent announced on Tuesday of this week that it has completed a Phase 1 drill program at Gnaweeda – 5 holes and 1,137 metres at Turnberry and another 3 holes and 440 metres at another target (Bunarra).  Assay results from Turnberry are expected around the middle of May.  The five holes at Turnberry targeted shear and alteration zones and were intersected as planned.  The fact that GNAD-4 was extended to 276 metres (almost 40 metres more than originally planned) suggests the geologists saw something they liked.

A limited amount of historical drilling at Turnberry produced very encouraging results, much like historical drilling at Andy Well.  Mineralization is open at depth and laterally in every direction at Turnberry.

We’ll return to the geological aspects of this story shortly, but let’s now examine the equally interesting market dynamics.

Kent’s Spinoff of Gnaweeda

Archean Star Resources’ listing date on the TSX Venture Exchange is expected to be within approximately one month by about the end of the first week of May.  Approval of the spinoff by Kent shareholders is a mere formality and will occur at the company’s AGM April 30.  For every four shares of Kent you own, you’ll receive one share of Archean Star Resources which will hold the Gnaweeda Gold Project (a joint venture with Teck) as its flagship property.  The proposed financing price for Archean Star is 25 cents.

Let’s be conservative and assume Archean Star trades consistently around the 25 cent level in its early days (there’s an excellent chance it could go dramatically higher as we’ll explain shortly).  Let’s say you currently own or will own (at month-end) 40,000 shares of Kent at an average price of 20 cents, just a little above the stock’s 100-day moving average.

The calendar turns over into May.  You’re holding 40,000 shares of KEX at an average price of 20 cents for a total investment of $8,000.  You receive 10,000 FREE shares of Archean Star.  The value of that investment is $2,500.  On paper you have an investment gain of 31% and potentially much more given the scenario we see unfolding with Archean Star.

Kent’s Value After The Spinoff

Some will argue that the value of Kent may decline with the spinoff.  We think not, and here are the reasons why (not necessarily in the order of importance):

1. After the spinoff, the market’s focus with Kent will shift squarely to its undervalued Alexander River Gold Property in New Zealand (20 kilometres south of OceanaGold’s Globe Progress Mine) where drilling is likely to commence in May.  We have gone into great deal on this site about the merits of Alexander River, so for reference purposes please refer to some of our previous articles.  Bottom line:  Alexander River has an historical resource (non-compliant) of 643,000 ounces of gold (four million tonnes grading more than five grams per tonne) and much of Alexander has yet to be systematically explored (the entire gold belt there stretches approximately 50 kilometres north to south and many mines have been in operation).  Trench assays released by Kent in January confirmed the historical grades.  The company, in our view, has an excellent chance of defining a one million+ ounce deposit with additional drilling at Alexander;

2.  Kent should soon be ready to commence barite production at its Flagstaff Property in northeastern Washington State.  We expect substantial news flow on this in the coming months.  As far as we know, Kent is the only publicly-traded company with a production-ready high-grade baritie deposit.  The company has already secured a buyer for its barite.  Production for 2010 is expected to be a minimum of 20,000 tonnes (the plan is to eventually ramp it up to 100,000 tonnes annually) which would generate nearly $1 million in cash flow for Kent.  This will help underpin the share price and keep dilution to a minimum;

3.  Once May rolls around,  warrant pressure on the Kent stock price – a major issue over the last few months – should ease off considerably.   A total of 1.5 million 11 cent warrants were all exercised by the February 20 expiry date and another 6.7 million warrants at 15 cents expire June 25.  A significant number of those 15 cent warrants have been exercised already but that has effectively “kept a lid” on the stock price, preventing it from advancing much beyond 20 or 21 cents.  Just recently, the 15 cent warrant pressure seems to have subsided somewhat but we suspect it hasn’t ended completely just yet – in a way that’s a good thing for those who are looking to accumulate Kent by the end of the month to receive their Archean Star shares.  A total of 3 million warrants at 30 cents expire June 25 and 2.7 warrants at 22.5 cents expire September 28;

4.  In some way we expect Kent to acquire a position in Archean Star which will allow Kent shareholders to still benefit from any upside at Gnaweeda after the spinoff.  One quick and obvious way this could be done is converting Kent’s expenditures to date on Gnaweeda into Archean Star stock.

The Outlook For Archean Star And Why Gnaweeda Is Such An Attractive Geological Target

Now that we’ve established the likelihood that Kent‘s share price will hold up and perhaps even be very strong after the spinoff, what’s the outlook for Archean Star which should have approximately 15 million shares outstanding?  This is where things get really interesting with initial drill results from Gnaweeda pending within a couple of weeks after the spinoff. We expect considerable speculation, especially given the discovery nearby on Doray Minerals’ property.  With such little stock outstanding, any major demand could have a dramatic impact on Archean Star’s share price.  So The Perfect Storm could easily be forming for Archean Star Resources.

We believe the geology of Gnaweeda is such that it is going to ultimately deliver big-time for Archean Star shareholders.  Gnaweeda is surrounded by excellent infrastucture and has all the makings of a Kirkland Lake-style major deposit.  This deposit type (Archean Lode) has produced 60% of the world’s gold production.

As the 43-101 Gnaweeda Technical Report states, no less than “91% of the total gold production in the Murchison Province has come from, or within, one kilometre of major faults and shear zones.  Gnaweeda is transected along much of its 28 kilometre length by a major fault-shear zone (possibly a major crustal boundary) and lies two to three kilometres from granite-greenstone contacts.  Magnetic data also suggests the presence of post-folding mafic instrusive rocks beneath the regolith cover.

“Gold deposits generally occur within two or three kilometres of granite-greenstone contacts, and there appears to be a strong correlation between gold deposits and the location of post-folding granitoids.  Seventy percent of gold production in the Murchison Province has come from within three kilometres of an exposed post-folding granitoid pluton contact.”

“Dr. Gerry Ray, who did our 43-101, is really excited about this project,” Kent President and CEO Graeme O’Neill told us in a recent interview.  “He looks at a lot of projects and he thinks this one is one of the cream of the crop…Kirkland Lake-style.  He says you find one deposit, they’re like bells on a string.  There’s always more.  Typically you get two or three within a 10-15 kilometre strike.”

The Turnberry Prospect, as we mentioned, is the most advanced in the Gnaweeda package and is defined by an approximately 2.5 kilometre long, 500-metre wide northeast trending drilled anomaly.  The style of both the mineralization and the alteration suggests it could host in-situ gold similar to the large Archean deposits being mined in the neighboring Meekatharra-Wydgee Belt.

Teck conducted some limited reverse circulation drilling at Turnberry (less than 300 metres depth) in 2007 and seven out of 10 holes intersected significant mineralization including:

Four metres of 17.77 grams per tonne; five metres of 13.49 g/t; five metres of 11.64 g/t; three metres of 11.88 g/t; three metres of 4.53 g/t; three metres of 4.85 g/t; and three metres of 4.39 g/t.

Teck planned to complete further drilling but due to weather delays and lack of drill rig availability none was carried out before a decision was made to farm out their interest in the project (Kent’s option agreement allows it – Archean Star – to earn a 100% interest in Gnaweeda with Teck holding a back-in right to re-acquire 75%.  Teck would likely only exercise that right if a major deposit were discovered at Gnaweeda, in which case Archean Star’s 25% interest would be a huge asset for a small junior mining company).

The Bottom Line

Kent’s Gnaweeda Gold Project, soon to be advanced through Archean Star Resources as a TSX Venture Exchange listed company, holds excellent exploration potential with almost identical geological features as the neighboring Meekatharra-Wydgee Greenstone Belt which hosts several million-plus ounce gold deposits.  The recent major discovery by Doray Minerals, just 8 miles west of Kent’s recently drilled Turnberry Prospect, underscores the potential of Gnaweeda.

Kent is one of the best-run junior exploration companies we’ve ever come across which is a major reason we have been so bullish on this company’s prospects over the last six months at BullMarketRun.  The opportunity to get free shares in soon-to-be-listed Archean Star Resources at this particular time makes Kent an extremely attractive investment opportunity.

Curious trading activity in Gold Bullion Development (GBB, TSX-V) late in today’s session suggested to us the company had closed its private placement – we’ve seen this kind of thing before – and sure enough, not only did GBB release news this afternoon confirming the closing of its financing but TSX Venture Exchange approval was received as well.  This, in effect, “lifts the reigns” on GBB’s stock price – experienced investors know what this means.

In another interesting development, Gold Bullion announced the hiring of a respected American IR firm based in San Diego.  Expect dramatic increased exposure for GBB south of the border.

All factors considered – closing and approval of the PP, a “cleansing” of GBB’s recent overbought condition, pending assay results and release of a preliminary block model resource for the LONG Bars Zone, and a new audience for GBB in the United States – Gold Bullion is ready and primed in our view for an immediate and major new upleg that could quite possibly take this stock to fresh all-time highs in the current bullish gold environment.

Folks, the trading action in Gold Bullion Development (GBB, TSX-V) suggests the company has now completed its private placement and pro traders are playing games to squeeze stock out of weak hands.  GBB is currently at 24.5 cents (12:30 pm Pacific time) where smart money is accumulating heavily.  More later.