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The BMR Portfolio continued (GBB was reviewed separately Friday):

Sidon International Resources (SD, TSX-V)

Sidon has been a terrific performer (up 210%) since we first uncovered this company nearly 5 months ago…investor interest in Tanzania was given a substantial boost recently when Canaco (CAN, TSX-V) reported excellent drill results from its Handeni Project which is approximately 100 kilometres north of Sidon’s Morogoro East Property…in just over 2 months Canaco has gone from a low of 71 cents to a high of $2.15, Friday’s close…Sidon, which has proven to be a very liquid stock, closed Friday at 15.5 cents, a gain of half a cent on the week…technically, it does face considerable resistance at 18 cents and will likely need some news and very high volume to get through that…Morogoro East is in an under-explored region of eastern Tanzania that holds considerable potential as a gold producing area…in fact, artisan miners have been quite successful in working Morogoro, pulling out some high grades…Sidon has yet to present investors with details of its exploration plans for Morogoro, so we’re anxious to see what they come up with…the company will have to raise additional money, which shouldn’t be a problem for a project of merit such as this…Sidon will be an interesting story to watch in the coming months…

Seafield Resources (SFF, TSX-V)

Seafield continues to drill its Miraflores Property in Colombia but initial results could still be a month or so away…fundamentally, we continue to be very bullish on Seafield as the company has a high-quality land package in the Quinchia District with Miraflores, Dos Quebradas and Chuscal being the flagship properties…at Miraflores, Seafield is trying to increase the 43-101 inferred resource by at least 25% to 1 million ounces…Dos Quebradas, where drilling is expected to begin soon, has in in-house non-compliant estimate of 800,000 ounces…by year-end Seafield is hoping to prove up 2 million ounces and build on that next year…with a market cap of $16 million, there’s obviously lots of upside potential here but investors will need to be patient with the drilling process…Seafield closed Friday at 16 cents, a loss of 2 pennies for the week…volume has dried up quite a bit at current levels, so there aren’t a whole lot of anxious sellers…technically, the stock should see a reversal in its 50 and 100-day moving averages by sometime next month which may coincide with drill results and additional exploration news…the company has enough cash in the bank to complete all of its Quinchia drilling plans this year…

Richfield Ventures (RVC, TSX-V)

Richfield finally took a breather this past week, falling 18 cents to $1.55…the stock has been on a tear recently, climbing from a low of 90 cents at the beginning of last month to a high of $1.75 just recently…Richfield continues to drill its highly prospective Blackwater Project in central British Columbia which has delivered some outstanding drill results…the company is hoping to define a multi-million ounce gold deposit at Blackwater with a silver and copper component as well…technically, the stock has excellent support at its 100-day moving average , just below $1,50, and the recent reversal in the 50-day SMA is certainly encouraging…

North Arrow Minerals (NAR, TSX-V)

We continue to keep a close watch on North Arrow for confirmation of a start to drilling operations at its diamond property at Lac de Gras…this is the company’s flagship project and the possibility of a significant discovery at Lac de Gras is very real given the work that has gone into reviewing this property and selecting targets…North Arrow’s drill permit needs to be approved and a decision on that is expected soon…they hope to begin drilling by early next month…this company has a lot going for it, not the least of which is management as mining legend Gren Thomas is regarded as one of the very best at grassroots exploration…he has Dr. Jennings at his side for the Lac de Gras property…the two of them teamed up to discover the adjacent and very rich Diavik Deposit nearly 20 years ago…North Arrow, which closed Friday at 20 cents for a 1-cent gain on the week, has other valuable projects in its portfolio so this is certainly not a one trick pony…

Colombian Mines Corporation (CMJ, TSX-V)

No major developments this past week with Colombian which was up 4 cents to 66 cents…we like CMJ for its large portfolio of quality projects in Colombia, a country we are quite bullish on for mining and exploration… the company has been getting encouraging results from its Yarumalito Gold Property and has an impressive portfolio of gold, gold-copper and polymetallic projects in Colombia covering more than 150,000 hectares…the company’s entry into Colombia was early and timely which allowed it to secure such a solid land package…the stock is down considerably from its high of the year ($1.62) but we see a good chance for a significant discovery at Yarumalito or elsewhere at one or more of CMJ’s properties in Colombia…technically, the stock has very strong support near its rising 300-day moving average, currently at 65 cents…what investors need to be watching for technically with CMJ is a move thru the current declining 50-day moving average (74 cents) and a reversal in the 50-day…this event could still be a few weeks away but CMJ has the potential of gaining momentum very quickly and sometimes unexpectedly…