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The BMR Portfolio (1st of 2 parts)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion revealed on its web site last week that a 50,000 metre Phase 3 drill program is now underway at the Granada Gold Property and “the company looks forward to providing a detailed update in the near future as this large project continues to advance”…based on that encouraging news and statement, and the fact there hasn’t been an exploration update on Granada since mid-September, it’s almost certain we’ve witnessed the lull before the storm and investors could get hit with a barrage of results and information this month and over the final 8 weeks of the year…some impatient and faithless GBB investors who also didn’t do their homework may have jumped ship in recent weeks, thinking this was a hyped-up story and Hole #17 was a 1-shot wonder in the Eastern Extension…at BMR we’re as bullish as ever on the LONG Bars Zone which we’re convinced is shaping up to be northwestern Quebec’s next major open-pit Gold deposit…after 3 site visits and exhaustive research, in addition to very encouraging and detailed information in GBB’s news releases over the summer regarding visuals of core from numerous holes, we’re extremely confident in stating that the best is yet to come from Granada…yes, we’re more than happy to continue to put our reputation on the line with this property because we believe in it wholeheartedly and the geological evidence is so powerful for the potential of a multi-million ounce near-surface deposit…Gold Bullion has an immense amount of work ahead of it – 200,000 or more metres of drilling is not inconceivable given the size of the LONG Bars Zone (including LONG Bars Zone 2) – but Frank Basa and GENIVAR are up to it…Gold Bullion is thinking ahead, thinking confidently and thinking big, as evidenced by the fact the company launched a Baseline Environmental Study in September…GBB had a quiet week, down 4 cents to finish at 59 cents which represents a 743% gain since we first introduced the company to BMR readers last December…

Adventure Gold (AGE, TSX-V)

We first mentioned Adventure Gold to our readers in an article September 29 when the stock was trading in the low 20′s and just a couple of days after the company announced it had acquired a small but strategic land position at Granada…we officially added it to the BMR Portfolio at 34 cents October 28…AGE closed Friday at 38.5 cents, down a penny for the week…the company came out with some news Friday morning, announcing it has added Michael Williams to its board of directors…Williams definitely strengthens the AGE board as he has a solid business, financial and PR background…he’s currently President of Full Metal Minerals (FMM, TSX-V) and former Chairman and founder of Underworld Resources which was taken over by Kinross…Adventure Gold has been around for only 3 years (the stock is in new all-time high territory) and we are impressed by the company’s strong portfolio of properties (19 in 6 strategic areas in Quebec and Ontario) including its recently announced partnership with Agnico-Eagle (AEM, TSX) at Dubuisson…it also has a partnership with Lake Shore Gold (LSG, TSX) on the Meunier 144 Property where deep drilling is currently testing the down plunge extension of Gold zones located at the Timmins and Thunder Creek deposits…AGE’s foray into Granada provides some potential “sizzle”, especially if Gold Bullion delivers some stellar results from the Eastern Extension…Adventure Gold has approximately $2 million in cash and nearly $3.5 million in cash and stock (includes 15,000 shares of Agnico-Eagle)…we’ve spoken with Marco Gagnon, AGE’s President and CEO…he has strong credentials and a clear vision for this company…he has also assembled a powerful geological team…this is a determined and aggressive group…technically, the stock started what appears to be a new uptrend the week of October 25 after consolidating in the low 30′s for about 3 weeks to unwind an overbought condition…

Currie Rose Resources (CUI, TSX-V)

Currie Rose, which was added to the BMR Portfolio at 16 cents in late October, enjoyed a very active week, climbing as high as 23.5 cents (a new 52-week high) before closing unchanged for the week at 19.5 cents…total CDNX volume for the 5 trading days was over 9 million shares…this is a company which is getting much more aggressive developing its highly prospective package of Gold properties in northwestern Tanzania…Currie Rose is well established in that East African country, having started exploration in 2005…very quickly CUI made a significant near-surface discovery at Mwamazengo, part of its Mabale Hills Project which is in the heart of the prolific Lake Victoria Greenstone Belt…Anglo-Gold’s multi-million ounce Geita open-pit operation is just 80 kilometres to the northeast, and other mines and deposits are in the immediate area…Currie Rose’s highest current priorities in Tanzania are the Mabale Hills and Sekenke Projects…at Mabale Hills, CUI is drilling its Sisu River Property which is approximately 8 kilometres northeast of Mwamazengo…the 3,000 metre Phase 1 RC program at Sisu River is focusing on an area that has returned excellent sampling results and where artisanal miners made a recent discovery…the quartz porphyry target at Sisu River is hosted within felsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…drilling started 2 weeks ago and is proceeding according to plan according to Currie Rose President and CEO Harold Smith who we interviewed Friday afternoon (the 17-minute interview was uploaded to our site Saturday)…assay turnaround time should be fairly quick with CUI using a lab just a short distance from Mabale…Smith is also very excited about the company’s Sekenke Project, and rightly so, as CUI has identified a 12 km by 800 metre highly prospective structure of sheared metabasalts that hosts numerous quartz reefs…assay results from rock chip samples indicate significant Gold anomalies in the quartz reefs…this structure lies in between 2 former producing mines from the first half of the 20th century including the high grade Sekenke Mine, one of Tanzania’s original Gold producers…Currie Rose has major upside exploration potential…the company posted an attractive new corporate presentation on its web site Friday…

Greencastle Resources (VGN, TSX-V)

In clockwork-like fashion, Greencastle has experienced 3 powerful moves (very sharp spikes) over the last 7 years (late 2003, early 2006 and mid-2008)…2006 was more intense than 2003, and 2008 was stronger than 2006…we’re certain that a very powerful fourth move is now underway, driven by Greencastle’s recent shift in corporate strategy to get much more active in the Gold exploration space…volume has picked up dramatically in VGN, which is what one would expect prior to a major move, and the stock traded as high as 25 cents last week before closing Friday at 23 cents for a weekly gain of 4.5 cents…the stock may need to unwind its current overbought condition for a brief period before pushing through resistance at 25 cents…VGN’s 200-day moving average has reversed to the upside, another very positive sign, and at 23 cents the company’s market cap is still very modest at only $10.5 million…Greencastle has working capital of $6 million, regular monthly oil royalty revenue of at least $125,000, and 2 very promising Gold properties in Nevada to go along with its new acquisition near Richfield’s Blackwater Project…VGN is already up 64% since we added it to the BMR Portfolio a couple of weeks ago…

Richfield Ventures (RVC, TSX-V)

It was a fairly quiet week for Richfield until Friday when newsletter writer Bob Moriarty wrote another piece on the company and RVC blasted through resistance around $3 and soared to a new all-time high of $3.30…it closed at $3.29 for a weekly gain of 53 cents…there is no question Richfield is developing a potential world class deposit at Blackwater which is why BMR jumped all over this story last December when the stock was trading at only $1.20…we interviewed company President and CEO Peter Bernier last spring and we’re extremely impressed with how he has managed this project…Bernier’s strategy, we believe, is to drill, drill, drill and fetch the highest takeover price possible for the company after proving up (hopefully) a multi-million ounce Gold deposit which will have copper and silver components as well…in this rip-roaring bull market, a potential takeover price for RVC could be in the hundreds of millions or who-knows-what depending on future drill results and just how high Gold goes…the dynamics with Richfield are exciting…the company has consistently returned long intersections of mineable grade…4 more holes were reported last week (all drilled vertically) including BW-87 which returned 115 metres grading 2.59 g/t Au…