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Bravo Venture Group Comment From The Gold Report

Posted by Peter Grandich at 7:13 AM on Thursday, August 6th, 2009

The Gold Report; August, 2009

Mr. Coffin’s Comments:

TGR: Can you share with us some of the stocks that you think our readers should be looking at and buying today?

EC:… Another we’re following that just started drilling and I wouldn’t expect to see results for probably a month at least, is a company called Bravo Venture Group (TSX.V:BVG) ( Download Hard Rock Analyst’s “Special Delivery” news alert that covers Bravo and Evolving Gold). It’s a very strong management group, very strong technical group. They’re drilling a project called Homestake Ridge up in the Eskay Creek area in B.C. It’s actually one where we got a good gain in the middle of the horror last year because they pulled some really amazing high-grade numbers out of it.
We think the odds of them getting to 1.5 or 2 million ounces are good. It has 900,000 ounces gold equivalent already and that does not include drill intercepts from last year’s work and there is quite a bit of trend still to be tested. If they manage to grow it that much or more, it’s likely they will also be putting out some more pretty spectacular drill holes. We think it’s a good trading stock. I think at these prices it’s fine because it’s fairly valued for the ounces they’ve got. Given the current pricing, it’s got about a $50 million market cap, so it’s basically priced to the ounces it has now, but we think there’s room for the resource to get to be 50% or 100% larger. But, if that happens, it will happen because they’re putting out holes that include some spectacular gold/silver intercepts. So far this summer, spectacular holes have led to some spectacular trading. We see no reason that shouldn’t apply in Bravo’s case as well.

Update 1100:AM DST

Posted by Peter Grandich at 11:00 AM on Thursday, June 11th, 2009

I’m almost caught up after just a week away from the office. It’s a tough job but somebody has to do it-lol

I want to say it was an absolute pleasure meeting so many blog followers at the Vancouver show. Your words of encouragement were very special to me. I always felt a sense of responsibility to my readers but after you meet so many personally, you come away with even more a desire not to screw up. Thanks again for all the kind words there and here on the blog.

There’s not much to update as yours truly has curled up into a fetal position-lol. I’m very content holding all metals related positions as I think we’re not even close to the explosive stage for precious metals and feel we’ve seen the lows for base metals.

I explained in Vancouver that after 25 years in this business and losing more money than I ever thought I would make as a youngster, I’ve learned to take profits, especially when they come much faster than expected. That’s why I advised taking profits in oil-related recommendations.

Since I’m basically a speculator/gambler, I’ve learned when you swing for the fences its best to have plenty of swings. Profits allow more swings.

I also feel quite comfortable holding my short treasuries and U.S. Dollar positions for the long term.

I’m extremely bearish on the belief that the U.S. economy can return to any real economic growth for years to come. Yes, a recovery is likely but what good will flat growth be anyway? It’s my belief that a multi-year trading range can develop between the lows around DJIA 6500 and 10,500 on the upside. I think the play is to await some a run to the top of the range before going short. If we simply go back towards the lows again I will once again consider the long side depending on the then current fundamental and technical outlooks.

In regards to the few open buy positions and Grandich Clients, here are my latest views:

Taseko Mines – Please see most recent comments

Continental Minerals – Buy up to $1.20. Stock appears to be consolidating recent gains.

Nevsun Resources – Would be a break out on a close above $1.60

All remaining positions in model portfolio are holds.

ATW Gold – The market seems to be realizing that they’re on the threshold of becoming a significant producer and still have excellent exploration potential.

Apella Resources – Still waiting on new developments.

Bravo Venture Group – Soon to be drilling again and the Homestake project is the homerun swing.

Crosshair Exploration – Has lifted off lows thanks to renewed interest in Uranium.

Donner Metals – The Rodney Dangerfield of juniors has finally received a little respect. Here’s to it continuing.

Farallon Mining – The name change says it all. It’s now a producer.

Hawthorne Gold – It too is set to drill and we wait in anticipation of good news.

Knight Resources – Another kick at the can this summer. Here’s to a big kick!

Northern Dynasty Minerals – Is consolidating recent run and is a buy if it gets below $7 again.

Oromin Explorations – Management continues to drill for gold and not investors. This may hurt now but pay off in the future.

Silvermex Resources – Is under review and I hope to have an update out soon.

Sunridge Gold- Just had an update today.

Timmins Gold – Onward and upward towards production now with financings all in place.

Shareholders Could Say “Bravo” in 2009

Posted by jojo at 8:59 PM on Tuesday, January 13th, 2009

The carnage amid the junior resource sector in 2008 was unrelenting, catching most everyone off-guard and impacting just about every issue, no matter where the listing. Among the few companies that bucked the prevailing trend on results was Bravo Venture Group, BVG on the TSX Venture Exchange and B6I on the Frankfurt Stock Exchange.

On October 2nd of last year, Bravo was trading at its year low of 18 cents. The next day the company released excellent results from its Homestake Ridge project in north western British Columbia: 52 meters true width of 21 grams of gold including 5.5 meters of 181 grams of gold per tonne in Hole 87. Outstanding numbers! And the market responded by gapping that day to close at $0.53 on 3.3 million shares. Over the next several trading days BVG gave up some of that strong gain closing in the mid-30’s range and then, as more results began to filter in, slowly marched up to close at year end in the mid 50’s.

(more…)

Say Hello to Bravo

Posted by Peter Grandich at 9:30 PM on Tuesday, January 6th, 2009

Grandich Publications has been engaged by Bravo Venture Group (BVG-TSX-V $.54). I became involved with BVG because I’ve known Mr. Robert Swenarchuk for many years. He’s one of those tireless workers who’s always working a conference booth or holding meetings while others are out partying somewhere (I suspect the parties have shrunk due to junior crash last year). Bob is Senior V.P. Head of Corporate Development and a Director for BVG.

Bob has served as an officer of several public companies. He joined Manex Resource Group Inc. early in 1998 bringing with him more than 25 years of successful practice in the corporate and investor relations sectors of the natural resources industry. He is President of Rescom Consultants Ltd., which he founded in 1980 to provide a range of financial and investor services to public companies. Over the past 25 years he has been involved in arranging financing for mining exploration and development projects in Canada, the United States, Mexico, Russia, Kazakhstan and China. He has extensive financial community contacts throughout North America, Europe and Asia.

Currently the company is active in N.W. British Columbia, Nevada, and S.E. Alaska. The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a NI43-101 compliant technical evaluation (currently being updated) which reported an inferred resource of 900,000 oz/gold The Woewodski Island prospect in S.E. Alaska is a precious-metal rich VMS target, which lies within a mineralized trend that hosts both the Greens Creek and Windy Craggy VMS. As well, the company has acquired a substantial land package consisting of thirteen properties located in the Battle Mountain/Eureka trend, Nevada. Drilling is either currently underway or will be undertaken during 2009 on a number of the projects.

While we will be issuing a more detailed report in the near-term, I like to suggest you call Bob at 1-888-456-1112 or email him at corpdev@mnxltd.com

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