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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (172878)8/8/2009 5:06:21 PM
From: philv5 Recommendations  Read Replies (3) | Respond to of 313046
 
OK Eric, I'll give it a try.

There are many good gold plays, I have been following BVG for over a year. Location is very close to Stewart, B.C. Its a helicopter show as they are drilling on a mountain slope, but only a couple of miles inland from the ocean. Its a purely summer event due to the unbelievable snowfall in that area. They start late and quit early.

Last year they pulled at least one terrific hole. "73 m of 20.99 g/t Au at Homestake Ridge. That is the richest drilled at that location, there are others. It was of course unexpected, and the short season did not allow for follow up drilling. I know one hole doesn't a mine make, but a 2006 NI43-101 compliant technical evaluation reported an inferred resource of 900,000 oz/gold. And there is a very rich silver component in another area.

Due to the winter layoff, the stock languished and retreated to .30c level. Since the announcement of commencement of drilling, the stock is now in the .50c range. I think it is reasonable to expect some good drill results, and a new NI43-101 report.

It has quite a few shs. outstanding, 120 mil. undiluted.

This from their last N.R.

"Bravo plans an aggressive $5.0-million-plus drilling program consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October."

N.B. Drill results are variable, but they have hit on some real high grade rock.

Some holes drilled last year: Stockwatch headlines:

Bravo drills 6.1 g/t Au over 69.7 m at Homestake Ridge
Bravo Venture drills 9.4 m of 24.9 g/t Au, 1,042 g/t Ag
Bravo Venture drills 62.3 m of 6.1 g/t Au at Homestake
Bravo drills 2.71 m of 2,502 g/t Ag at Homestake

This is the latest N.R. complete.

Crew mobilization has been completed and drilling has begun at Bravo Venture Group Inc.'s Homestake Ridge project in northwestern British Columbia. The company also reported that a 630-line-kilometre AeroTEM III airborne geophysical survey of the property is nearly complete and mapping crews have started surface follow-up on the newly identified geophysical targets and trends.

Bravo reported that one drill has started testing the vertical and lateral extensions of high-grade mineralization encountered in drill hole HR08-87 (52.5 metres grading 21.0 grams per tonne gold and 11.6 g/t silver, including 7.7 metres of 181.6 g/t Au) to explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization. A second drill is testing the extensions of known intercepts of mineralization to the northwest of the Main Homestake zone.

The company said that the airborne survey of the property is 85 per cent complete. The survey, flown on 50-metre line spacing, will provide detailed magnetic, electromagnetic and radiometric information on the property and will be used to identify trends and offsets of the main mineralized trends and other targets on the property.

Bravo plans an aggressive $5.0-million-plus drilling program consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October.

I don't like to predict stock prices, or drill results before their time, but given the long inactivity over the winter, and the consequent sell off, I think there is a good chance to make some money this year with this stock. I sold most of my shs. last year, and bought even more a couple of months ago.

This is a drill play, so must wait for the drill to speak.



To: E. Charters who wrote (172878)8/9/2009 1:40:25 PM
From: Metacomet1 Recommendation  Read Replies (1) | Respond to of 313046
 
This isn't consistent with your format, but I am convinced that failure to read what is here, and act on the obvious will be costly.

roxmark.com



To: E. Charters who wrote (172878)8/10/2009 1:47:42 PM
From: stonecrop  Read Replies (1) | Respond to of 313046
 
Okay Eric, i'll take you up on your offer and i did ask previously although an answer came there none. I guess lurkers get brushed under the table all too often around here at SI. I also think this post is on topic as it relates to the Granduc getting mentioned by you and philv, although that's not the basis for my bringing Bell Copper (BCU.v) to the forefront. I have mentioned Bell by way of PM to a certain few here at SI who have been very generous with their postings etc; plus, i've let it out previously on occasion per my comments below...

Message 25666559

"I really think Marsh has done his homework with Kabba and perhaps Mr. Charters has an opinion as well by reading the fine GEO print to tell me if i'm blowing smoke..."

To fullfill your requests...

- Kabba property (copper/moly)
- SE of Kingman, Arizona (a good address for finding large copper porphyries)
- grassroots play on the road to a discovery (previous majors delinated the root zone in the valley floor east of the Hualapai range which is a nice clue to what Marsh thinks how big the system could eventually be heading eastwards...also have outcrop west of old Kabba mine to work with)
- FD shares out 150,000,000 (yikes)
- 0.19 real time SP (consolidated for 6 months, then broke out, consolidating again...a rising from the ashes type chart)
- debt problems they are trying to work out with Macquarie, no cash in bank (this is far from a pump on my end)
- another PP on the go at 0.15 for $450k (full warrant at 0.25...not happy about this PP as i was hoping they could ramp it up a bit more...their K6 hole in a buried Graben has been a pain in the azz to put it bluntly and i really wish i could understand it better as i don't see the surface graben on google earth...perhaps that sounds retarded on my end but it is what it is lol)

That's enough of my blues. Heck, with all these red flags who would touch this POS are the views of many me thinks. A discovery at Kabba could change things in a hurry mind you and an asset sale of La Balsa (Mexico property with a 43-101 of 196 million pounds Cu) or a sale of the Duke would wipe out the debt problems...

I respect your opinion EC, so please, let me know what you think of the GEO lingo in the NR's if you'd be so kind....the good, the bad, or the ugly. I also picked up your tone on the flavour of the week/month/year with gold, but leaving that at the door, give me your honest opinion of this copper/moly play. Thanks in advance from a bagholder.

Oh btw, here's a history link to shoot you right into it...

bellcopper.net



To: E. Charters who wrote (172878)8/28/2009 8:58:20 PM
From: Metacomet  Read Replies (2) | Respond to of 313046
 
In further response to your request for interesting situations, wonder if anyone here has waded thru the political nonsense in Mongolia and looked at what this thing might do, if the go-ahead for Oyu Tolgoi was given since it looks like that is happening.

The elephant and big hippo on this are Rio Tinto and Ivanhoe.

I am more intrigued by Entree. I like leverage.

Here is a slightly chopped offering from a poster on Investor Village, who like me has been in this thing forever:

Entree Gold Overview

"JV partner for the ground immediately surrounding OT, for 20%, carried and 100% financed by IVN to production. That means Hugo North (copper flats), and Heruga to the south, with OT South and OT North (Hugo) sandwiched in the middle on IVN's 100% ground.

Snapshot of exploration results to date on the 80%/20% JV ground:

1. Copper flats 8.4 billion lbs CU equivalent, 3 million ounces contained gold (indicated or inferred). Open along strike and at depth. Drilling abandoned along the northern strike as caprock and depth was testing the limits of surface drilling. The grades are what makes copper flats special - massive tonnage in the 2% - 4% range. Tonnage is poised to be increased by an open-ended amount once an exploration drift is tunnelled north.

2. Heruga 15.2 billion lbs CU equivalent , 13 million contained ounces contained gold and significant Moly credits, all inferred. Same deal on financing - carried by IVN to production. Again, deposit remains open and not fully deliniated.

20% of 23.6 billion lb CU resource, with 16 million ounces of gold, more to come.

BUT ... you need to look at the maps to fully appreciate Entree's position. OT is the bullseye, the ETG/IVN JV is the first ring around the bullseye, but the second ring is 100% ETG ground that completely encircles the OT camp and is a very large land package. That in turn is encircled by IVN's even larger land licences.

CONSIDER ... when RioT came in with IVN they also made a PP with ETG, immediately followed by IVN exercising anti-dilution rights. About $30 million was placed in ETG's treasury. Shortly thereafter it was announced Sir Michael Howard, former Leader of the Conservative Party of England, was joining the Board of ETG as Vice-Chair. A RioT proxy by all appearances. Then another $30 million PP, this time not taken up by RioT or IVN but undisclosed buyer.

IF ... you look at the history of independant exploration by ETG this largesse of treasury funded to the tune of $60 million is somewhat baffling. They still have over $50 as the only activity has been piddling around here and there for two years, finding some coal (which may turn out to have significant value).

KNOW ... importantly that IVN holds ROFR over ETG's 100% ground - meaning FMV or what a third party might pay to take it out from under them.

IS IT ... coincidence that the seemingly unanticipated delays in approval of the IA and Mongolian politics seem to have left such a potentially large exploration budget gathering dust in ETG's wallet? Methinks not. Cast your eyes on the map to what is soon to become the hottest area play in copper/gold/moly porphry in the world around OT. Ah ... unexplored ETG ground.

PERSONALLY ... I suspect all of the players including Mongolian leadership have suspected the potential for another major discovery at OT is more than merely good. RioT and IVN will want to have consortium partners for infrastructure and smelter. There may be several mines and they intend to shake down other major world producers with the leverage of low cost, low transport cost copper concentrate production at OT. RF will be running an auction or two yet again.

ETG: $50 million in treasury; 20% of 23.6 billion lbs copper/gold resource open to expansion; 100% land package surrounding OT; other worldwide exploration assets, particulalrly the Lordsburg copper porphry target in the USA.

106 million shares FD; all of RF, IVN and RioT have significant shareholdings and the float is tight.

Trading in the $1.40 to $1.80 range in the past few months. Trades like it has a few fat security guards sitting on it."

investorvillage.com

...and to further understand what Entree is about, check out these maps:

investorvillage.com