View Full Version : Here's One For Ya...Don't Tell Anyone...
chux03
9th October 2008, 17:41
It's VERY speculative BUT...there's considerably more upside than downside AND...you won't have long to wait to find out if this one's going to pay off BIG, which it very well could do.
While this isn't a reco for a silver miner per se...nonetheless they have an outstanding amount of silver that figures predominately in their NI43-101 document, which already shows (almost) a million ounces of gold and almost 6M oz of silver in their latest resource calculation. They've been reporting the results from their 2008 drilling season that's just about now over mostly due to the inhospitable weather that occurs in the far northern reaches of Canada's British Columbia. And while they've been good reports and are showing increases in the stated resource estimates, nobody was ready for the results from "hole 87" that came back from the latest round of results released from their assay office that stated:
"it has received additional assays from its 100 percent-owned Homestake Ridge project in NW British Columbia, including what it considers to be the richest and most significant gold intercept yet recorded from the project. The company said certified assays from hole HR08-87 include a 73 metre down-hole intercept (approximate 52 metre true width) averaging 20.99 g/t Au. The extensive intercept includes a down-hole 7.65 metre bonanza intercept averaging 181.58 g/t Au."
That's from their website. Here's the link:
www.bravoventuregroup.com/
I have been following Bravo for about a year and a half mostly because it happened to be one of the recos that the newsletter I had subscribed to suggested buying and holding for some time before suddenly dropping them last April or May. It pissed me off because I thought it short sighted and was an extremely poor time to be selling anything, let alone a Canadian junior mining exploration company with a story and property like this.
Anyway, I held and I had been adding more figuring that their drill program would reap some results and maybe help the share price recover enough to recover my measly holding of a couple of thousand shares worth. To say I had my doubts would be...correct. BUT, imagine my surprise at seeing trading of these shares halted on the Canadian exchange due to that news of that major intercept being released late last week. Try to guess who I was thinking about at that moment??? :D
Now they've added another couple of holes to be drilled to help prove what happened in hole 87 wasn't a fluke. It wasn't as it was re-tested 3 different times as lab personnel thought there may have been a mistake made during testing making the results better than they may otherwise have been. The stellar results held!! These holes are being drilled as we speak and the results "should be back in a couple of weeks max" from what they're saying.
Now, DO YOUR OWN DUE DILIGENCE, of course... but if I had some money with which to speculate with (which I did) may I suggest buying a few hundred shares of Bravo Venture Group, especially if you think their latest round of drill results may portend great things in the not-too-distant-future?? It's hovering around .30 cents a share through no fault of their own. Here's a link to read posts about BVG over at StockHouse dot com:
http://www.stockhouse.com/bullboards/SymbolList.aspx?s=BVG&t=LIST
Here's a link to various postings about BVG at Google:
http://www.google.com/search?source=ig&hl=en&rlz=&=&q=bravo+venture+group&btnG=Google+Search
And if you hit this thing big, remember who brought you the news. If you don't...you DID do your own DD, didn't you?? But honestly?? It's looking EXTREMELY good right now to be owning BVG shares.
You better take a look at this one...
I DO HOLD a few thousand shares in BVG and I am looking for great things out of this one. Especially, if these bonanza grades are further proven from the two holes being drilled right now. Either way, we won't have long to wait on this one...
Good luck!!
chux03
15th October 2008, 12:23
More SPECTACULAR drill results from Homestake Ridge released today. Even though the shares have gone down since this release, market know-it-alls report that could be because they weren't the results from the recently added 2 drill holes further proving hole 87 they've been waiting for, though according to their news release, there's assays left for 28 drill holes remaining to be yet released.
Irregardless...THIS CONTINUES TO BE GOOD NEWS STORY FOR BRAVO AT HOMESTAKE RIDGE!!
VANCOUVER, BRITISH COLUMBIA, Oct 15, 2008 (Marketwire via COMTEX News Network) --
Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today it has received additional assays from its 100 percent-owned Homestake Ridge project in NW British Columbia, including bonanza-grade silver mineralization in what it says is the strongest overall silver mineralization returned to date from the Project. The company said assays from hole HR08-96 include a 22.29 metre interval (estimated true thickness) averaging 513.7 g/t Ag including a 2.71 metre bonanza intercept averaging 2,502.89 g/t Ag. A deeper interval in the same hole contains 5.47 metres of 601.76 g/t Ag with 4.0 g/t Au.
The high-grade silver mineralization in hole HR08-96 is an approximately 30 metre offset from mineralization returned in 2005 drilling from hole HR05-13 which returned 4.65m grading 7.92 g/t Au and 554.63 g/t Ag and hole HR08-14 which returned 4.37m of 10.68 g/t Au and 951.7 g/t Ag and helps confirm the continuity of higher grade silver mineralization through the upper portion of the deposit.
chux03
18th October 2008, 21:56
Here we have another one in the HIGH RISK - HIGH REWARD category:
Brett Resources - www.brettresources.com/
Just released a new/first time NI 43-101 document showing 4.8 MILLION ounces of gold at their Hammond Reef project, also in Canada. What's particularly interesting here is how much attention the market paid to this discovery and the subsequent announcement. Hint --- Not much as the share price hovers around .55 a share Canadian right now. Here's from their website:
"Brett is presently focused on expanding gold resources at its Hammond Reef Gold Deposit, near Atikokan Ontario. A new resource estimate completed at Hammond Reef in October of 2008, indicates that an inferred resource of nearly 4.8 million ounces of gold, or 141.5 million tonnes at 1.05 grams per tonne using a 0.6 gram per tonne cut-off, is contained in the A Zone and 41 Zone.
The deposit remains open along strike and at depth and over 97% of this resource is within 300 metres of surface. The resource which was audited by independent consultant Scott Wilson of Roscoe Postle Associates Inc. is National Instrument 43-101 compliant."
There you have it...another BIG story involving an explorer who finds MAJOR gold again in Canada. Do your own DD but Brett Resources with almost 5M oz of gold in it's first resource estimate at it's Hammond Reef project and at .55 a share merits your attention. This one should be a sitting duck in the sights of some MAJOR gold miner looking to profitably expand and would seem ripe for the picking.
Good luck!!
Read much more here::
http://www.stockhouse.com/bullboards/SymbolList.aspx?s=BBR&t=LIST and here's a news link for the story:
http://pr-canada.net/index.php?option=com_content&task=view&id=54871&Itemid=61
balou2
19th October 2008, 01:13
Sometimes I really wish I had the $$ to risk in a venture like this. I've tied up all expendable income (i.e. what I would put in savings) in PM. It'd be nice to have a couple grand, that I could stand to lose, just to try this out. I really do think there will be some good mining stocks out there (actually, there already, are), I just can't bring myself to do it.
chux03
19th October 2008, 01:53
These two are speculative but there's far better odds here for those that buy and hold these shares precisely because they do have NI43-101 compliant resource estimates showing that indeed they do actually own something. Drill results are interpreted scientifically which, if they show good results as these two have, their NI 43-101 statements are updated and show increased resources, making the company more valuable and increasing share price.
Also, these two companies exist solely to be bought out and taken over. They NEVER desired to take these projects all the way to production...that costs too much and takes too long. And who better to afford that than some large MAJOR mining company looking to add ounces to their bottom line and reserves?? Make no mistake about it. These two are being watched, talked to and put on the map because again, they have what they have. And that NI 43-101 document is a bankable document that says it's so. Really.
A sure thing? Who'd say that? Better odds than a lottery?? WAY BETTER if ya know how to do your DD and understand what they're telling you. Know of any past "winners" where this has happened? Oh yes...Aurelian Resources found a mega deposit a couple of years ago in Ecuador of 15M oz of gold (I think) only to lose it to government decree. Kinross Gold recently bought them out, obviously thinking they can get the go-ahead from the Ecuadorian government probably after applying much needed...lubricant/money. Do a Google for more on that. There's others too. Nope...once you hit a winner, this can take the pressure off and it can be quite fulfilling, investment wise.
You oughta try it!! :)
balou2
19th October 2008, 10:59
Hey Chux...how does one go about purchasing on the TSX? If you're Canadian, then it's no problem. If you're in the U.S., I would imagine there are exorbitant premium attached with purchasing on a foreign exchange.
ricm123
19th October 2008, 11:39
Hey Chux...how does one go about purchasing on the TSX? If you're Canadian, then it's no problem. If you're in the U.S., I would imagine there are exorbitant premium attached with purchasing on a foreign exchange.
..... Try BVGIF .....
chux03
19th October 2008, 12:22
Or BBRRF for Brett
You could also get the shares direct from the Canadian Exchange by going through a broker setup to do that. Peter Schiff's company Euro-Pacific Capital advertises that they do do this: Here's the link:
www.europac.net
There's others too...
chux03
19th October 2008, 12:39
I would honestly recommend looking into and buying a subscription to any of the many precious metals focused newsletters, at least for a couple of years. That'll "educate" you not only in how the precious metal miners and markets operate, they'll also point out exceptional companies that they check out and might even do a "reco" though more often than not, only the best of the best get so recommended.
There's many good PM based newsletters and many of them have been mentioned around here in various different posts. I'm not thumping any of them here but I would say that in all honesty, consider subscribing to one!! They'll do more to help you than you'll ever know...and it's VERY interesting and mentally challenging/stimulating (which I enjoy) too.
Good luck!!!
hiyosilver
19th October 2008, 19:08
chux03, what's your take on these stocks?
CDE, FRG, HL
chux03
19th October 2008, 22:00
Coeur just can't seem to get it together which is the same problem they've had for years and their share price reflects it. While they are fairly local and employ many, I can find much better silver investments than this one and so can you.
Fronteer was better and was worth more before their (well, it was half theirs) uranium exploration company Aurora kind of got booted from their project in Canada due to government...moratoriums/interference, whichever you prefer. They do have other interesting projects in Turkey, Canada and the US but unless I saw a reco in one of the newsletters I subscribe to, I'd keep on looking.
Hecla is a different story. I own 1000 shares of Hecla having bought in at under $3.75 a share not too long ago. They have a bright future having bought Greens Creek lock, stock and barrel from their partner there, Rio Tinto. The Lucky Friday Idaho property is legendary, a one-of-a-kind and a super producer too. At that share price there's not much downside in my mind but lots of upside having observed HL in the past few months at over $12. While I would consider this a long term hold, I'm only holding till I see it back up there or at least I would scrape my original investment off the table and let the remainder ride till whenever. Buying low like this poses little risk IMHO if you were the type to buy and forget but HL is a fine company and has been around for over 100 years. Their expertise in deep hard rock mining is irrefutable as is their reputation in the industry. Ya...I like Hecla, especially at these prices. It's a stellar buy under $3 I think and out of the three, HL would definitely be my choice here.
chux03
10th November 2008, 17:09
www.bravoventuregroup.com/en/index.php?
Well, today they (BVG) released more stellar results coming from their Homestake Ridge project located in northwest British Columbia. This was on top of more results released just last week which were also very good assays of their latest 2008 drill program that was just finished up. The two holes that they added to define and further outline the recent bonanza grades talked about in the October 2nd news release, are done and the cores have been logged etc. They're waiting for the remaining 20 drill hole cores left to report on.
ANYWAY...what really caught my eye in today's news release was this gem:
Shareholder Rights Plan
The Company has adopted a Shareholder Rights Plan (“Rights Plan”). The objectives of the Rights Plan are to ensure, to the extent possible, that all Shareholders are treated equally and fairly in connection with any take-over bid or similar proposal to acquire common shares of the Corporation.
Take-over bids may be structured in such a way as to be coercive or discriminatory in effect, or may be initiated at a time when it will be difficult for the board of directors of the Corporation to prepare an adequate response. Such offers may result in shareholders receiving unequal or unfair treatment, or not realizing the full or maximum value of their investment in the Corporation.
The Rights Plan discourages the making of any such offers by creating the potential of significant dilution to any offeror who does so. This potential is created through the issuance to all Shareholders of contingent rights to acquire additional common shares of the Corporation at a significant discount to then prevailing market prices, which could, in certain circumstances, become exercisable by all Shareholders other than an offeror and its associates, affiliates and joint actors.
An offeror can avoid that potential by making an offer that either: (i) qualifies as a “Permitted Bid” under the Rights Plan, and therefore meets certain specified conditions (including a minimum deposit period of 90 days) which aim to ensure that all Shareholders are treated fairly and equally; or (ii) does not qualify as a “Permitted Bid” but is negotiated with the Corporation and has been exempted by the board of directors from the application of the Rights Plan in light of the opportunity to bargain for agreed terms and conditions to the offer that are believed to be in the best interests of Shareholders.
Under current Canadian securities laws, any party wishing to make a formal take-over bid for the common shares of the Corporation will be required to leave the offer open for acceptance for at least 35 days. To qualify as a “Permitted Bid” under the Rights Plan, however, a take-over bid must remain open for acceptance for not less than 90 days. The board of directors believes that the statutory minimum period of 35 days may be insufficient for the directors to: (i) evaluate a take-over bid (particularly if the consideration consists, wholly or in part, of shares of another issuer); (ii) explore, develop and pursue alternatives transactions that could better maximize shareholder value; and (iii) make reasoned recommendations to the Shareholders. The additional time afforded under a “Permitted Bid” is intended to address theses concerns by providing the board of directors with a greater opportunity to assess the merits of the offer and identify other possible suitors or alternative transactions, any by providing other bidders or proponents of alternative transactions with time to come forward with competing, and potentially superior, proposals.
The Rights Plan is not being proposed in response to, or in anticipation of, any pending, threatened or proposed acquisition or take-over bid that is known to the management of the Corporation. The adoption of the Rights Plan is also not intended as a means to prevent a take-over of the Corporation, to secure the continuance of management or the directors in their respective offices, or to deter fair offers for the common shares of the Corporation.
The Rights Plan is subject to regulatory and shareholder approval.
Now, this was the first time anything like this has been mentioned in any way, shape or form as far as I can remember and I've been following these guys for going on 2 years now. This most likely means that they've heard something or have some other indication that they may have been caught in the unwanting (for them) glance of a major mining company that COULD try and do an unfriendly type TAKEOVER. Further outstanding results are coming and once it's known how those results will add to the bottom line, well, then something might happen. Of course they say the addition of this info doesn't mean they've had any such indication one way or the other. But they probably have confidentiality agreements with some "friendly's" so they're covering all their bases should something like this pop up.
The share price rose about 17% on today's news and actions. I called a friend and suggested she consider buying a few more shares, which she did do after checking everything out.
I'm serious.... THIS ONE DESERVES A LOOK if you're looking for a highly speculative gold exploration company that looks like it's about ready for TAKE -OFF and that already has a NI43-101 document showing 1 million oz of gold and 6 million ounces of silver already for under .40 a share. This is looking REAL GOOD to my eye and I think I'll wind up doing well on this one.
CHECK THIS ONE OUT!!!
www.stockhouse.com/bullboards/SymbolList.aspx?s=BVG&t=LIST
chux03
10th November 2008, 22:44
quoted from a bullboard post on www.stockhouse.com:
"Not investment advice. Do your own DD.
Bravo (BVG.v) currently rates as my best bet on the Venture.
Reasons are:
1. In Canada
2. In the last two NR's (see paragraph below from todays) the company has made sure to include a paragraph pointing investors attention to the pending assays for holes HR08-117, HR08-118 and HR08-120, which were designed to offsetpreviously reported high-grade mineralization in hole HR08-87 (52.5metres true-width grading 21.0g/t Au; see NR-22-08). You don't point peoples attention to something unless your pretty sure you're not going to disappoint.
3. The company cancelled a previously announced PP. With little money in the coffers, it would be natural for them to do a PP here while there is lots of interest. They have now completed the three step outs (holes 117, 118 and 120), logged them and still no word of going to the market for cash. I take this as a huge plus. Not taking money now when they can means to me their are either stupid or greedy. I've talked to them and they don't seem stupid.
4. Text book technical pennant when you look at the chart. This sets for an explosive move upwards.
5. Net Insider buying almost to the tune of 10-1 buys over sells since the discovery was made.
6. 20 assays pending =news flow.
7. 43-101 of over 900,000ounces of gold to be updated shortly- I suspect the update will show closer to 2million ounces.
From todays NR..."Bravo completed 42 core holes totaling more than 8,400 metres ofdrilling at Homestake Ridge in 2008. Thirty-five drill holes werecompleted at the Main Homestake Ridge target, three drill holes at theHomestake Silver target, and two holes on each of the Vanguard Gold andVanguard Copper targets. Samples from drill holes HR08-117, HR08-118and HR08-120, which were designed to offset previously reportedhigh-grade mineralization in hole HR08-87 (52.5 metres true-widthgrading 21.0g/t Au; see NR-22-08), have been submitted and assays arenow pending. Core logging and preparation of samples for assaycontinues in a newly acquired warehouse facility in Prince Rupert, BC.To date assays have been received for 22 drill holes. Assays arepending for the remaining 20 drill holes."
chux03
12th November 2008, 17:17
MORE OUTSTANDING news released today AFTER the market close. Watch this one (finally) hook-up and start on it's ascent TOMORROW.
BUY NOW!!!!! Or watch from the sidelines!!! THIS SHOULD BE INTERESTING!!!! I hope you own some of this!!!!!!!!!
November 12, 2008
Offset to Hole 87 Delivers 62.3 metres of 6.1g/t Au Including 8.5 metres of 30.3g/t Au at Bravo’s Homestake Ridge Property
Bravo Venture Group Inc. reported today that a thick, high-grade gold intercept was returned from a drill hole offsetting hole HR08-87 on its 100 percent owned Homestake Ridge project in NW British Columbia. The company reported that assays from drill hole HR08-118 include a 62.3 metre intercept (estimated true thickness) averaging 6.1g/t Au with a high-grade 8.5 metre intercept averaging 30.3g/t Au and a second 4.9 metre high-grade intercept averaging 13.4g/t Au and 41.9g/t Ag from the upper part of the mineralized intercept.
The deeper high-grade intercept represents an approximate 25 metre lateral offset to the northeast from high-grade mineralization previously reported from drill hole HR08-87 (52 metres averaging 21.0g/t Au; see NR-22-08) and forms a bench that, along with the HR08-87 interval, projects into an untested region of the deposit. This untested region measures 75 metres to the southeast toward drill hole HR05-17 (7.6 metres averaging 10.6g/t Au) and 50 metres to the northeast toward hole HR06-23 (51.9 metres averaging 0.51g/t Au).
The company also reported on drill hole HR08-117 which returned 15.2 metres averaging 1.36g/t Au, further demonstrating the lateral continuity of this near-surface mineralized zone. Hole HR08-117 intersected a bench of mineralization that is up-thrown, relative to mineralization in holes HR08-87 and HR08-118, along a paleo-fault that appears to be an important control of high-grade mineralization. If so, high-grade mineralization may lie farther to the northeast of hole HR08-117 and the paleo-fault.
President Joe Kizis commented, “Our geologic modeling at Homestake continues to be confirmed and refined, providing us with increasingly better predictive ability. The ability to predict and test this important high-grade, locally multi-ounce, gold-mineralized feature will be extremely important as this mineralization can dramatically affect the economics of the deposit by reducing the pay-back of capital investment and increasing overall profitability. The location of the high-grade mineralization being relatively shallow in the deposit is a further economic bonus.”
www.bravoventuregroup.com/en/index.php?page=home
paperplane
22nd November 2008, 01:18
hey chux... how's the company going so far? any good news lately?
terry853
22nd November 2008, 11:07
Being Saturday I guess I can`t do much more than the email I just sent(to BVG) but you have me very interested in BVG. Very new to the game but I have been looking to invest in an up and coming gold mine and lo and behold I read your posts. Purchased a 1000 ounces of silver yesterday through Scotia Bank. Paper only I`m afraid but I couldn`t find any physical. I am 5 weeks into a 10 week tour on the drill rigs around Dawson Creek, BC, so I must do everything through the net or over the phone. Another update from a person who has been following BVG would be much appreciated. Now begins my DD on BVG. Thanks for the tip and if it works out I owe you a drink or ten. Terry..
Tribal Warrior
22nd November 2008, 18:39
chux03, what's your take on these stocks?
CDE, FRG, HL
All were great when prices on the COMEX were up in the mid-teens. At this point Hecla stands the strongest, then FRG, then CDE. All will rise with the Silver price increase. But,,,
I wish there was a Silver ETF for Silver Mining Companies much like Market Vectors Gold Miners ETF: GDX or SPDR S&P Metals & Mining: XME
GDX etf, has CDE, Hecla, PAAS, Silver Wheaton, Silver Standard, but is mainly Gold Mining Stocks.
XME etf, has CDE and Hecla in it, but combined they are only about 6% of holdings. It's more of an Industrial Metals/Energy Etf.
Since those two ETFs have CDE & Hecla in them, I think they'll outperform FRG when prices start to go upwards.
Most people who aren't yet dumping money into PM's, will want diversity when prices really start to shoot upwards. That's how most advisors will advise to buy those ETFs or PM's Mutual Funds for diversification.
hiyosilver
22nd November 2008, 19:05
I read that CDE received a letter of warning from NYSE. It seems stock on that exchange cannot drop below $1 for 30 consecutive days. I'm curious to what might happen with that.
chux03
24th November 2008, 19:36
Everyone's on pins and needles with this one as there hasn't been a news release in a couple of weeks now. On the BVG board over at www.stockhouse.com the main consensus seems to be that more outstanding results are on the way as there's about 20 holes left that we're waiting results on. But nobody really knows anything. There has been some insider buying but I haven't checked that lately. The market's volatility could really play Hell on BVG's share price as most would say (and I agree with them) that their share price "should be north of a dollar" not only because of the results being constantly released but they do have a NI43-101 document outlining almost 1 million ounces of gold and almost 6 million ounces of silver. No matter what, their updated NI43-101 document will take the latest results and will be updated and released by 2Q09. That should show a significant increase in proven resources. There's a bit of scuttle-butt about their latest share offering. Rumor has it that it could be for some newsletter writer looking to recommend BVG to the masses again. BVG used to be a Doug Casey reco until they dropped them last spring but who knows and it doesn't seem to be significant and won't be if stellar results keep on getting released. Go to their website and see how frequently they've done NR's and you would most likely agree we're about due. Honestly, I believe that if they have more stellar results, especially on those two holes that they extended the drill program for, this one WILL take off. There's other factors though not in play and the biggy here would be the interest of a large mining company shinning brightly on BVG. Again, more excellent results and no telling what could happen on any of these fronts. This is probably one of the best speculative stocks in the current crop of junior gold explorers who really have something. Another big hit and maybe it will be north of a buck, maybe well so. It isn't a sure thing though at this stage of the game and with the results this drill program has shown, taking everything together over the long haul, so far and remembering it IS a speculative possible high risk, high reward deal, looking at the total picture, I LIKE where I'm at here!!
Good luck to everyone in on this one!! And if you're not in and have some speculation bux, you can buy a substantial position for a few hundred dollars. And like the lotto you can't win if you're not playing. (which is a TERRIBLE comparison as this has a LOT BETTER ODDS based on drill core that is scientifically collected and analyzed, than any lotto pick or play. They're telling you what they've actually found which is a much better indicator of potential value than the luck involved in any lotto play. The news release versus the crystal ball... :) )
chux03
25th November 2008, 09:37
Yep, this morning!!! More BONANZA GRADE results are being released for BVG at Homestake Ridge. Their website is SWAMPED and everyone's waiting for the FORMAL ANNOUNCEMENT!!!
STAY TUNED or go to the BVG board over at:
www.stockhouse.com/bullboards/SymbolList.aspx?s=BVG&t=LIST
chux03
25th November 2008, 09:40
Bravo Identifies New High-Grade Gold and Silver Zone at Homestake Ridge
VANCOUVER, BRITISH COLUMBIA, Nov 25, 2008 (Marketwire via COMTEX News Network) --
Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that bonanza-grade gold and silver has been returned from drill hole HR08-99 on its 100 percent owned Homestake Ridge project in NW British Columbia, including a 9.4 metre intercept averaging 24.9g/t Au and 1,042.9g/t Ag of which 1.3 metres averaged 152.5g/t Au and 6,075.7g/t Ag within an overall 27.8 metre intercept averaging 8.4g/t Au and 345.6g/t Ag. All intercepts are estimated true thickness.
Hole HR08-99 is the most northeasterly test of the Hangingwall Silver horizon in the 2008 work program and is an approximate 25 metre down-dip offset from mineralization in the previously reported drill hole HR08-96 which returned a 22.3 metre interval grading 2.0g/t Au and 513.7g/t Ag. The drill hole continues to demonstrate continuity within the near-surface Hangingwall Silver horizon, but appears related to a separate "feeder" than that modeled in the area of drill hole HR08-87.
www.bravoventuregroup.com/en/index.php?
goldragon
25th November 2008, 20:41
Here are so many experts buying silver stocks.
When market is a bear, I saw someone buying low, but these stocks they bought went even lower.
Now when they buy bear rally, they choose the cheapest one. Remember, only these fishes that can swim in the reversed stream can swim well, not the cheapest one like AUX (today it drops 19%).
chux03
29th November 2008, 11:24
This one's even more speculative than that one. But....they've already completed a NI43-101 document showing almost 1M oz of gold and almost 6M oz of silver. They have an excellent drill program that has shown outstanding, consistent results. The project is located near existing infrastructure in a mining friendly jurisdiction and is in no danger of government seizure like recently happened in Ecuador. The share price is cheap with outstanding upward potential and there's more results pending.
I'm sure there's other things that I forgot about but as a speculative investment, like I mentioned earlier, all things considered, I'm happy about the possibilities that are becoming apparent here with BVG and I hope that I get to experience the "thrill of victory" instead of the "agony of defeat", to borrow some words from ABC Sports. And so far, it's still pointing that way....
If nothing else, one will learn the meaning of the word PATIENCE in this....endeavor. :)
chux03
2nd December 2008, 20:58
I have 5 different stocks that I'm invested in, all in PM's and all over the course of almost 2 years, making multiple purchases along the way. And like most who hold such shares over the same or longer time frame, they're underwater. Nothing strange about that.
What IS strange is to look at that list and see BVG here oscillating just barely into the GREEN of POSITIVE TERRITORY, hardly underwater at all, holding steady, UNLIKE any of my other shares, close to the surface, if we speak of underwater....things. Back a few months I thought there was about a snowball's chance in Hell that this thing would progress. Now, I'm seeing that proverbial golden light at the end of the tunnel....and I'd bet just about anything it ain't the locomotive either. Maybe the next news release will verify that a little better.
But hold on!! Good things are comin. Lots more holes left to report on but the 2 near hole 87 are most likely the ones most anticipated by....the market and everyone else too. Should these two come back with bonanza grade results from their pending assays....(I'll leave you to think about how this could play out should this come to fruition but with 3 prior bonanza grade news releases since October 2nd what could the BIG one do to BVG's share price? I knew you'd get it....) :)
chux03
4th December 2008, 10:23
MORE GOOD NEWS TODAY December 4th 2008 ON BVG!!!!
www.bravoventuregroup.com/en/index.php?page=news&newsid=137
2008-12-04 07:15 PT - News Release
Mr. Joseph Kizis Jr. reports
BRAVO REPORTS 69.7 METRES OF 6.1 G/T GOLD IN OFFSET HOLE AT HOMESTAKE RIDGE; 7.1 METRE INTERVAL OF 27.9 G/T GOLD PROJECTS INTO UNTESTED OPEN AREA
Bravo Venture Group Inc. has released high-grade gold and silver values from drill hole HR08-120 on its 100-per-cent-owned Homestake Ridge project in northwestern British Columbia.
Significant intercepts from hole HR08-120 include:
* A 69.7-metre interval (estimated true thickness) averaging 6.1 grams per tonne Au and 15.3 g/t Ag;
* Including a 7.1-metre interval grading 27.9 g/t Au and 37.2 g/t Ag;
* A second interval of 14.2 metres grading 8.5 g/t Au and 6.3 g/t Ag.
Gold mineralization in drill hole HR08-120 occurs as three main intervals and is associated with strong silicification and chloritization of the host rock. The hole, which was drilled from the same pad as hole HR08-118, crosscuts to the northeast the projection of drill hole HR08-87. Mineralized intervals within HR08-120 show strong lateral continuity between similar intervals within the adjacent drill holes. The higher grade mineralization is open to the northwest, projecting into an area largely untested by drilling.
The company also reported that additional assays from drill holes HR08-119 and HR08-103 returned plus-14-metre intervals (estimated true thickness) of strongly anomalous gold mineralization that correlate with previously reported higher grade assays in the upper parts of drill holes HR06-50 (4.9 metres of 14.3 g/t Au), HR08-120 (5.0 m of 6.2 g/t Au) and HR08-118 (5.8 m of 13.4 g/t Au) and HR08-97 (4.5 m of 3.6 g/t Au). These mineralized intervals form a moderately plunging northwest-trending horizon of plus-130-metre strike length which is open to the northwest.
The company noted that similarly, and more significantly, the extension of the higher grade mineralized horizons that occur deeper in holes HR08-87 (15.1 m of 69.2 g/t Au), HR06-30 (5.9 m of 10.8 g/t Au), HR08-118 (8.6 m of 30.3 g/t Au) and HR08-120 (7.1 m of 27.89 g/t Au) project to the northwest into an area down-dip of drill holes HR08-119 and HR08-103, leaving some of the highest grade portions of the Main Homestake zone open to the northwest, projecting into an area largely untested by drilling and which will become one of several high-priority target areas of the 2009 drill program.
chux03
5th December 2008, 22:01
Sometimes there's nothing like listening to someone tell you all about it.
http://www.kereport.com/DailyRadio/Daily120108.mp3
Enjoy...
P.s. I'll do my best to post everything I know that's relevant here about Bravo Venture Group. I'm not trying to twist any arms here. If you decide to invest in this company, it will be because you've done your due diligence, you have some money with which to SPECULATE with and you've decided that this is worthy of your investing efforts. I started this thread mostly as an ongoing missive about what's happened with this company, their company making project in northern British Columbia and the share price, since the release of the first bonanza grade results from HOLE 87 on October 2nd, 2008, for all my friends here at Silver Seek. I'm far from an unconcerned 3rd party as I own over 15000 shares in Bravo, purchased on 10 different occasions over almost 2 years now. I'm just a small time informed and lucky PM investor that adds shares here and there. Nothing fancy. This isn't some Johnny-come-lately here NOR did I find this one on my own. I think I've mentioned that I subscribe to Doug Casey's Int'l Speculator and that BVG was a long time reco of theirs till being dropped last spring. I never did sell and instead chose to add even more up until the release of the results for HOLE 87.
How do I think this will turn out? There's a couple of different ways this could play out but barring any take-overs, BVG will do an updated NI43-101 document showing a SUBSTANTIAL INCREASE IN GOLD AND SILVER RESERVES AT HOMESTAKE RIDGE and that should come out sometime in 1Q09 after all these hole results from the 08 drill program have been released and the new estimates can be put to paper. You'll hear Bob in that interview linked above mention that they are done working outside there as the winter is BRUTAL in that neck of the woods and even though they could mine in the winter, exploring is definitely out till the warmer months. That will make the share price rise on release, unlike some of these past news results. Especially, if they show say 3 or 4M ounces of gold and 20M ounces of silver or more. At that point Bravo would look even more enticing to a large major gold miner (like Barrick, who happens to have a fondness for gold projects in the 5M ounce neighborhood) though the share price should be up, making the acquisition of this company even more expensive. Make no mistake about this, BVG WANTS TO BE BOUGHT OUT IN A FRIENDLY DEAL THAT BENEFITS EVERYONE, SHAREHOLDERS INCLUDED. They are not a production company nor do they want to get into that end of the gold mining business. They also do NOT want an UNFRIENDLY TAKE-OVER which would possibly come in the form of some company making an offer for your shares, it may be a good offer too. Either way, they recently warned shareholders to expect something MAYBE along these fronts. But who really knows what the God of good fortune has in store for BVG, Homestake Ridge OR their share price. But all in all and knowing tonight what I know about the BVG situation, I'm perfectly content to chug along hopefully seeing more BONANZA GRADE RESULTS from the remaining 20 holes or so that we're waiting for now. Things may proceed along even quicker (THE QUICKENING...:D ) should the "B" word come up in any future news releases. That would be COOOOOOOOL too and I'll let you know right here! Till then... :)
chux03
14th December 2008, 19:35
December 1, 2008
Report to shareholders
In 2008, your Company actively explored our major 100% owned properties in Alaska, Nevada and British
Columbia, with primary focus on the Homestake Ridge property in British Columbia. Those efforts were
rewarded with some of the most spectacular drill intercepts reported during the past decade by our Company
and others in our peer group.
Utilizing drill data from past years, our geologic team significantly refined the geologic model of the Main
Homestake zone at Homestake Ridge. Drilling during 2008 was designed to test this model while in-filling
and extending higher grade mineralization. The current drill pattern should allow a substantial amount of the
March 2007 Inferred Resource to be upgraded into the category of an Indicated Resource, allowing scoping
studies to be undertaken. We also tested the theory that certain geologic features control the highest-grade
regions of the deposit. Although the model is still evolving in detail, its utilization has resulted in the best
mineralized intercepts received to date, highlighted by hole -87 containing a 7.6 meter bonanza intercept
averaging 181.58g/t Au, 71.55g/t Ag, and 0.376% Cu within a 73.0 meter interval averaging 20.99g/t Au
and 11.6g/t Ag (initial estimates of true thickness are 5.5m and 52.5m, respectively). A second geologic
feature appears to form a second high-grade region nearby, featured by hole -99 containing a 10.0 meter
intercept averaging 24.9g/t Au and 1,042.9g/t Ag within a 31.2 meter interval averaging 8.4g/t Au and
345g/t Ag (initial estimates of true thickness are 9.4m and 29.2m, respectively). Additional geological
modeling is underway that should allow us to extend these mineralized trends into untested areas in the 2009
exploration season.
We expect to complete an updated 43-101 compliant resource estimate for the Main Homestake zone early in
2009. Initial metallurgical studies are being initiated, with test work also planned during the first two quarters
of 2009. Initial road design was conducted during the 2008 field season in order to provide road access to the
Main Homestake zone from the partially completed hydroelectric access road over which our Company has
obtained access rights. Permitting for the new road is planned for 2009.
Other targets at Homestake Ridge were further evaluated during the 2008 field season. Results from the
Homestake Silver zone were particularly encouraging. The target lies approximately 400 meters southeast of
the Main Homestake zone. Geophysical and geochemical surface data suggested the same favorable
stratigraphy at the Main Homestake zone extends to Homestake Silver. Drilling at Homestake Silver in 2007
intersected favorable stratigraphy and resulted in significant intervals of anomalous to ore-grade silver
associated with lead and zinc minerals, but with only anomalous concentrations of gold. Drilling in 2008
intersected copper minerals with up to 16.5 meters (13.2m estimated true thickness) of 0.4g/t Au and 69.6g/t
Ag, with thinner intervals of +100g/t Ag. Mineral zoning clearly shows the system is getting stronger and
more gold-rich with depth, providing an exciting target for 2009.
Indeed, the entire region between the Main Homestake zone and Homestake Silver zone, and on to the
Vanguard Gold and Vanguard Copper zones, is highly prospective for more pods of high-grade gold and
silver mineralization. This +4 kilometer long trend will be further explored in the 2009 exploration season.
Other exploration work on our property included limited drilling at the Vanguard Gold and Vanguard Copper
zones at Homestake and at the nearby Silver Basin project. Assays are pending for holes from all of these
areas.
Additionally in 2008, we conducted a limited shallow drilling program at our Woewodski project, which lead
to a dramatic re-interpretation of the geology of the island as it applies to volcanogenic massive sulfide
mineralization. Several showings rich in zinc, lead, and silver occur in the same package of rocks and in a
similar environment as Hecla’s high-grade Greens Creek deposit. Previously interpreted as highly folded host
rocks, scattered drilling and an extensive 3D IP geophysics survey in this largely overburden-covered region
of the island indicate the rocks are in fact gently dipping to the south. This interpretation leaves untested a
major region where thick accumulations of massive base and precious metal sulfides should have occurred. A
relatively simple 2 to 3 -hole program is planned to test this new model in the 2009 exploration season.
Our Company continued to advance several of its thirteen “Carlin” -type gold prospects in the prolific Battle
Mountain-Eureka trend of central Nevada. Barrick continued to hold under option our Pete Hanson
project, although it did not report any work completed at the project. We continue to systematically evaluate
and develop exploration targets at our remaining properties. Targeting work is complete and permitting is inplace
or in-progress at Signal, Gabel, North Lone Mountain, and SF. Targeting is underway at Temple and
Shiva. We will continue to advance these projects and other projects during 2009.
We expect that 2009 will be an important year for the Company, particularly at Homestake Ridge as we
continue to aggressively expand and upgrade the known mineralization and evaluate other targets that could
host similarly rich mineralization. As always, we will continue to evaluate new opportunities and to acquire
attractive properties that add value to the Company.
The spectacular assays from Homestake Ridge resulted in the Company’s share price re-gaining part of the
value lost as all junior exploration company shares were indiscriminately sold off beginning late in 2007. We
believe that BVG shareholders will be well rewarded as market fears subside and realization of the
exceptional quality of the Homestake Ridge discovery expands, and we wish to thank them for their continued
patient support of our efforts.
Bravo Venture Group Inc.
Joseph Anthony Kizis, Jr.
President
Dec 11 2008 - Management information circular
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009542
chux03
14th December 2008, 19:41
Here's the number of pending assays from the 08 drill program left to be released.
7x from the Main zone
2x from the Vanguard copper
2x from the Vanguard gold
1x from the Homestake silver
2x from the Silver basin
7x from Woewodski Island
So there should be a steady release of news from BVG for a few more weeks.
www.bravoventuregroup.com/en/index.php?
skijake
14th December 2008, 20:08
Here's the number of pending assays from the 08 drill program left to be released.
7x from the Main zone
2x from the Vanguard copper
2x from the Vanguard gold
1x from the Homestake silver
2x from the Silver basin
7x from the Woewodski Island
So there should be a steady release of news from BVG for a few more weeks.
www.bravoventuregroup.com/en/index.php?
The news keeps coming up good. Hopefully it can keep rolling.;)
chux03
14th December 2008, 22:47
Amen to that! It'll be interesting to see how many ounces they'll have on the updated NI 43-101 doc. You KNOW that's go to go up...significantly too. It should be at least a triple from what they're showing right now, though the market will undoubtedly discount it. Anything over 3M ounces will do wonders for the share price. Anyway, it's an interesting situation right here with BVG and it seems we're on the right side of this one as there's a couple of ways for this one to....win. Did I mention the "B" (as in BONANZA) word?? :D Any future news releases with that word in there could....light the fuse??
chux03
21st December 2008, 21:46
According to the chatter on the BVG board over at www.stockhouse.com
I guess someone called IR at BVG and they're about shut down due to the holidays and all. He added that "they don't plan on releasing any new assay results till after the first of the year...." so keep checking here:
http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=BVG&t=LIST
or here:
www.bravoventuregroup.com/en/index.php?
I'll post here too if I hear of anything, of course.
chux03
31st December 2008, 03:08
http://www.smartstox.com/interviews/bvg.php
Here's another recent interview concerning BVG. Should be some news releases NEXT WEEK. You ready?? :)
chux03
5th January 2009, 12:24
Can I predict em, or what?? (answer: no, this was a lucky guess) :D
Anyway, MORE GOOD NEWS from Homestake Ridge. Read on:
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - Jan. 5, 2009) - Bravo Venture Group Inc. (TSXVENTURE:BVG)(FRANKFURT:B6I) reported today that new assays from theMain Homestake zone on its 100 percent owned Homestake Ridge project inNW British Columbia continue to extend mineralization both down dip andto the southeast of the main mineralized zone.
Significant intercepts include a 2.2 metre interval (estimated truethickness) grading 10.3g/t Au and 56.4g/t Ag including a 0.8 metreinterval grading 21.4g/t Au from HR08-105 and a 2.7 metre intervalgrading 18.8g/t Au and 6.6g/t Ag from HR08-114. The mineralization inhole HR08-114 is an approximate 100 metre lateral offset to thesoutheast on the 900 metre level from drill hole HR06-26 (1.3m of10.8g/t Au) which previously formed part of the southeast margin of thedeposit. A silver-rich interval, sitting above the higher grade goldintercept returned 1.9 metres of 1.6g/t Au and 322.4g/t Ag. Theseresults and highly anomalous silver values from the upper part of drillhole HR08-108 continue to demonstrate continuity within this part ofthe hangingwall silver horizon. A significant portion of the MainHomestake zone remains open to the southeast for future drill testing.
The company also reported that assays from drill hole HR08-116returned a 5.5 metre interval averaging 5.4g/t Au and 3.8g/t Ag whichincludes a 1.6 metre interval averaging 11.5g/t Au. Hole HR08-116 is anapproximate 30 metre lateral offset down dip and to the southeast ofthe previously reported drill hole HR06-27 (4.85m of 25.3g/t Au) andcontinues to demonstrate continuity of mineralization.
Table I: Summaries of New Assays from the Homestake Ridge Project
---------------------------------------------------------------------------
Est.
Collar Data True
-------------------- Inter- Thick-
AZ DIP Depth From To val ness Au Ag
Hole No. Deg Deg (m) m m m m g/t g/t
---------------------------------------------------------------------------
HR08-105 258.9 -64.0 221.6 122.6 136.0 13.5 9.6 3.0 14.5
inc. 131.8 134.9 3.1 2.2 10.3 56.4
and 133.8 134.9 1.1 0.8 21.4 144.0
and 160.3 168.3 8.0 5.7 0.7 3.2
---------------------------------------------------------------------------
HR08-108 209.9 -53.0 297.8 48.47 51.48 3.01 2.86 0.34 49.34
---------------------------------------------------------------------------
HR08-114 190.9 -57.0 273.4 45.8 56.3 10.5 9.3 0.5 111.7
inc. 52.9 55.1 2.2 1.9 1.6 322.4
and 128.8 131.8 3.0 2.7 18.8 6.6
inc. 128.8 129.8 1.0 0.9 55.0 12.5
---------------------------------------------------------------------------
HR08-116 243.9 -65.0 328.3 187.0 193.3 6.3 5.5 5.4 3.8
inc. 191.5 193.3 1.8 1.6 11.5 2.5
---------------------------------------------------------------------------
Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver, BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.
Bravo reports that assays have now been received from 32 of 35drill holes from the Main Homestake zone. Additional assays are pendingfrom the remaining three drill holes at the Main Homestake zone, one ofthree drillholes from the Homestake Silver zone and two holes each fromthe Vanguard Gold and Vanguard Copper zones.
About Homestake Ridge
The property consists of Mineral Title claims and Crown Grantclaims in which a 100% interest was earned by Bravo from Teck Comincoand a private Optionor, respectively. There is a 2% NSR royalty infavour of Teck Cominco and on other portions of the located mineralclaims there is a 2% NSR royalty in favour of the original Optionor.Bravo has the right to purchase 1% of the Teck Cominco royalty for $1million and 1% of the original Optionor's royalty for $1 million. TheCrown Granted mineral claims also are subject to a 2% NSR royalty.
In March 2007 Bravo announced an Inferred Resource estimate at theMain Homestake zone of 903,231 ounces of gold and 5,745,746 ounces ofsilver contained within 11.9 million tonnes with an average grade of2.36g/t Au and 15.0g/t Ag using a cut-off grade of 0.5g/t gold (seeNR-04-07). (1) The deposit remains open down dip and along strike tothe southeast and northwest. A long section showing the location ofcompleted drill holes on the Homestake Main zone has been posted on thecompany's website www.bravoventuregroup.com.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and basemetal-rich projects within North America, currently with properties inNevada, Alaska, and British Columbia. The company has extensiveholdings strategically located within the Battle Mountain/Eureka"Cortez" gold trend in Nevada. The Woewodski Island project insoutheast Alaska hosts both precious and base metal-rich massivesulphides and gold-rich orogenic quartz veins. The Homestake Ridgeproject is a gold-rich epithermal/VMS-related vein system within EskayCreek/Silbak-Premier stratigraphy.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
(1) An 'Inferred Mineral Resource' is that part of a MineralResource for which quantity and grade or quality can be estimated onthe basis of geological evidence and limited sampling and reasonablyassumed, but not verified, geological and grade continuity. Theestimate is based on limited information and sampling gathered throughappropriate techniques from locations such as outcrops, trenches, pits,workings and drill holes. Due to the uncertainty which may attach toInferred Mineral Resources, it cannot be assumed that all or any partof an Inferred Mineral Resource will be upgraded to an Indicated orMeasured Mineral Resource as a result of continued exploration.Confidence in the estimate is insufficient to allow the meaningfulapplication of technical and economic parameters or to enable anevaluation of economic viability worthy of public disclosure. InferredMineral Resources must be excluded from estimates forming the basis offeasibility or other economic studies (43-101CP, CIM, 2001).
We seek safe harbor.
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of the contents of this news release, which has been preparedby management.
chux03
6th January 2009, 11:46
This response was posted over at www.stockhouse.com by "Chance Barkley" in reaction to someone expressing a "little disappointment" at yesterdays news release from Bravo Venture Group. Personally (and the market thinks so too as the SP didn't go down) I thought that this news release "continues the trend of outstanding drill results" from Homestake Ridge.
Read on:
".....think of it this way. if they have say 9 holes left, do you really think they are going to release all the good holes first and so-so holes last and unnecessarily depress the stock going into the 43-101 release? C'mon. These are smart guys. If they have better holes they will evenly disperse through news releases or wait to release them closer to the end of their results before the 43-101. Otherwise they risk losing the long-term momentum and will only have the people in the know (like us and some industry players) interested in the stock when the (updated) 43-101 comes out (by March).
They wasn't to string people along and maintain interest as much as they can from the professional investor. But more importantly, the average junior investor, so that when the 43-101 hits with what they believe will be a significant increase, they can maintain long-term interest in the story and also see a sustainable uptick in the stock. Otherwise they'll get a huge spike and an significant pullback. Their motives are to minimize this pullback. This isn't their first rodeo...."
m.palmer1@verizon.net
6th January 2009, 14:48
Dear Chux, If you get a chance, I for one would be thrilled to see a family portrait! :>) Just tried to buy some BVGIF, but no activity! I did sign up for the promo, Morgan report. Lots of info. esp w/ the jr. miners report. Having said that, I thought some of his reflections in the comments sections, bordered on the ambiguous, as though maybe they weren't quite all that, but he just for whatever reason couldn't quite print it. Also, tried yesterday to purchase some of his featured jr.'s but again, no luck. -0 activity- Do you think HL or CDE would be good inv. these days, I have positions in both & am in no hurry to sell. How about SLW, currently $6.53 Thanx in advance.
jechilt
6th January 2009, 19:50
hey all....ok, so now I got my money in gold and silver, I got a little bonus from a friend and got 500 bucks to speculate with in one of these companies. I also have an account I recently set up with Europac. Which ones should I consider???
chux03
7th January 2009, 01:17
I won't give any recos though I will tell you I do own some SLW shares. I've had them for awhile now, having purchased the majority of them at $8 and some around $4.
I also own some HL shares though not as many. I like Hecla but it will not perform like SLW though they've been in business for well over 100 years and have weathered many storms. Still, since buying out their partner's (Rio Tinto) share of Greens Creek in Alaska, the future looks bright for Hecla.
In the more speculative realm, I now own about 5000 shares of Alexco (AXU), which recently received it's first tranche ($15M) of the $50M deal it completed with SLW last fall, for financing to bring one of it's Keno Hill projects into production. There were several articles about Alexco over at www.seekingalpha.com I'd just do a search for more once there. This will also prove to be a great investment in a primary silver producer that also happens to have an environmental services branch that has a government contract to cleanup the very property they "own". It's a GREAT story and a great company.
As for a speculative investment, I think all things considered, the company that poses the greatest risk (of the ones I mention here) also represents the greatest potential payoff. There's that risk vs. reward thingy again....but if I was just in the mood to bet small, like the $500 mentioned or so, my money would go to the place I've been writing about, as I think that NOW it's not as speculative as it was prior to October 2nd. And if you have some patience, like until March of this year some time, which is a couple of months away, till they get their updated NI43-101 document released showing a significant increase in both gold and silver, I think you'd make that $500 grow. And you know that's going to happen because you've been reading about their drill program results I've been talking about since starting this thread. Even if you know NOTHING about how they figure things in the world of mining, you know they've proven through drilling and scientific interpretation that they have more gold and silver right now than they did since the release of their first and only 43-101 docs in March of 07. So ROUGHLY SPEAKING, I would think this stock should go up on that occasion as well as any that would mention BONANZA GRADES in the near future. Any hint of a MAJOR GOLD PRODUCER sniffing around here may also trigger an increase. I would want to own some BEFORE any of those events may occur. There are a number of ways this one could go up and very few right now, precisely because of what they've done so far, that could make it go down. Like they say, limited downside risk (especially at .50 a share) with a vast blue sky potential. That (to me) describes BVG to a tee.
I'd look for further news releases at any time as the sooner they get these things done, the sooner they can complete and release that new, updated NI43-101 document. There should be plenty of excitement coming up these next few weeks!!
P.S. If you'd like to see what could possibly happen to a company's share price when they do an important NI43-101 news release mentioning 12+ million ounces of gold (when the market was expecting maybe 6 million ounces), do a www.google.com on Aurelian Resources and read about their share price going from about .60 a share to over $30 in a matter of days (think about that especially if you owned a few thousand shares. And I guess that's the point that this could represent the last real chance at....serious economic enhancement, who's payoff could be comparable to the Lotto and with a LOT less luck involved, as opposed to just being able to interpret what it is they're telling you in these news releases and buying shares accordingly. Think about it....WHERE COULD YOU POTENTIALLY "WIN" LIKE YOU REALLY COULD HERE??? You've read about everything. It's almost to the point of just having to be patient. The "truth machines" (another name for a drill rig in the mining industry) have confirmed that the gold & silver is there....). Bravo's fabled "Hole-87" ranks right up there in legendary terms along side Aurelian Resources unique south American....find and subsequent adventure. It's quite a story!!
chux03
7th January 2009, 11:11
Here's another post from over at www.stockhouse.com off the BVG board from "dufour" that has many interesting points. Read on:
I also just spoke to IR.......below is info I got from Jay as well as my impressions & ideas on BVG.....
Don't assume and expect bonanza grade holes for the remaining holes as they were specifically drilled to infill and help complete the 43-101. It doesn't mean they will NOT find high grade but if they do then it will be a surprise to everyone at the company as they were not specifically hunting for the big stuff. They drilled these to help move the 43-101 from inferred to indicated. Don't be disappointed when they are not bonanza grades. Be lucky that they are good and not duds. Many juniors will never have bonanza grades and all they have are decent to good grades (mostly at deep depths) and some duds. BVG has bonanza and good grades for Homestake Ridge. even if we get duds....well....if part of the game and the biggest deposits turned up some dud holes as they were defining the deposit.
I know this summer's drill program will target the high grade veins that we all want and love.
The last drill result was in fact good but compared to the other bonanza grades well they look bad. They were better than most juniors but in this market they go unnoticed.
I am very confident in management's plans and intentions for the shareholders. They are very focused and dedicated to shareholder value. The other properties are not the focus because the big bang for their bucks and for shareholder value lies in developing Homestake Ridge rather than spend valuable money in surveying other undrilled properites especially in this market.
The 43-101 will be something we can look forward to as it will tell us where they stand and it should be increased drastically over the old march 2007 43-101. As well, it will move from inferred to indicated.
They have identified a location for a starter pit that has a substantial amount of gold from surface to about 400m so initial start up cost are low and makes the project even more economical.
Remain focused and buy and hold. The fact remains that BVG has the biggest drill result for a junior in last 20 years and this alone speaks for itself! as well, try to find another junior will similar grades and depth....good luck in finding one......yes....there are others with good grades starting a very deep depths but many will not be economical.
High grade and shallow.
There are a lot of companies and institutions watching them very carefully because so far its resembling like an early Eskay Creek find and further drilling will reveal the size and amount of the deposit. These institutions (Sprott, Bolder, etc) will spread the word on BVG when Gold fever starts.......its coming!
Even with a quiet period with no drill results until the 2009 drill program starts, BVG will remain under accumulation by those that know the value and magnitude as well as the potential BVG has with Homestake Ridge. As well, when the juniors become in play, BVG stands out among the rest and investors will flock to the quality juniors like BVG.
THEY HAVE A LOT OF SILVER (emphasis mine). Compare the grades they have found with silver producers and you will see that their grades are much higher. They are much better than the 2 silver producers than I hold. Plus, they are shallow.....
Instutional ownership is about 12% and expect more to come as BVG starts to get more attention will their 2009 drill program as I expect more bonanza grades.
Just recently, one of my mates had his geo friend look at the results and he is amazed by the gold as well as the silver grades. It doesn't take a geo to quickly realize that BVG has stellar holes and this is just the beginning.
This year they are doing a prefeasability study.
At the AGM, a poisson pill is being adopted as the company wants to protect themselves from a hostile takeover and it has the interests of shareholders.
They have confidentiality agreements with 8 companies......this speaks for itself.
3 powerplants will be built nearby so this will be an asset to BVG for power.
This is one that you buy and hold to only be greatly rewarded later on imo......those that flip BVG for quick profits should check back every few months to see what they missed. Gold and silver are going to new highs and much higher imo.........the great commodity bull will make new millionaires like during the dot com and the tech bubble in the late 90s. Do your DD and have faith in what you invest in until proven otherwise.
sliver
8th January 2009, 23:12
Rob McEwen got Goldcorp on it's feet and did very well. He likes to work with junior companies and exploration companies, so he left GG and put together some exploration companies. He has a good track record. Two of his companies just came out with very encouraging results....Rubicon(RBY) and US Gold(UXG). You might want to take a peek at their recent announcements. He also has interest in Minera Andes and Lexam. Rubicon just came out with results of their latest drilling activity. One hole showed 90 oz. per ton of gold!!! They are going to drill some more around that one to see the thickness of the vein and length. Most exploration companies get excited about 90 grams per ton let alone 90 oz. per ton. Anyway might be worth a look.
Sliver
m.palmer1@verizon.net
9th January 2009, 10:16
Dear Chux, Just found out from my broker (scottrade), that any sym. ending w/ (F) is foreign, thus not recognized for elec. trading, so that broker has to execute. $27 in- $27 out or should I say ouch? Most of the jr.s that I am looking at fall into this cat. This probably has been covered by a prev. post, but do you have any reco's. for a broker that will trade these types w/o charging an arm & leg? Thank you.
chux03
9th January 2009, 18:26
I have an account at www.firstrade.com and they charge me $6.95 a trade even though that's an assisted trade because of the pink sheets. Usually I can do a trade unassisted on AMEX, NASDQ, etc but on these they assist me and it's the same price, $6.95. I've had an account there for over a year now and I don't have one complaint.
www.interactivebrokers.com also does business in these stocks, though you may be able to buy them through the actual foreign exchange like www.europac.net advertises. I have an account there too though that's on a rollover account that they manage but they too advertise that they can purchase just about any foreign stock issue you're looking for though I have no idea about their fees for that.
Hope I gave you a couple of ideas here!!
Good luck!!
chux03
21st January 2009, 12:34
http://www.bravoventuregroup.com/en/index.php?page=news&newsid=141
Bravo Reports Additional High-Grade Silver From the Main Homestake and Homestake Silver Zones
VANCOUVER, BRITISH COLUMBIA, Jan 21, 2009 (Marketwire via COMTEX News Network) --
Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today new bonanza-grade silver assays from two drill holes on its 100 percent owned Homestake Ridge project in NW British Columbia. One hole, which is located along the southeastern margin of the Main Homestake deposit, extends high-grade silver mineralization laterally to the southeast and toward the second drill hole, located an additional 600 metres to the southeast at the Homestake Silver zone.
The bonanza-grade intercept from the Main Homestake deposit includes a 2.2 metre interval (estimated true thickness) averaging 3.9g/t Au and 2,118g/t Ag within a broader 15 metre interval grading 1.24g/t Au and 399g/t Ag from drill hole HR08-111. The mineralization in hole HR08-111 laterally offsets mineralization in holes HR08-114 (1.9m of 1.6g/t Au and 322.4g/t Ag) and HR06-28 (2.5m of 16.7g/t Au and 27.1g/t Ag), and continues to demonstrate both continuity within the hangingwall silver horizon of the Main Homestake deposit and the high-grade precious-metal potential along strike to the southeast of the deposit. The hangingwall silver horizon overlies the majority of the gold-rich mineralization at the Homestake deposit.
The company also reported a bonanza-grade silver intercept from the Homestake Silver zone, where drill hole HR08-98 returned a 1.2 metre interval averaging 2.0g/t Au and 1,672g/t Ag within a strongly anomalous 51.6 metre thick interval averaging 0.2g/t Au and 72g/t Ag.
Drill holes HR08-98 (Homestake Silver zone) and HR08-111 (Main Homestake zone) are 600 metres apart and are separated by an area largely untested by drilling. However, a strong southeast-trending silver-in-soil anomaly (values 8ppm to 30ppm Ag) from 2004 surface sampling and a coincident ground magnetic geophysical anomaly outline a mineralized trend which links the southeast extension of the Main Homestake deposit and the northwest margin of the Homestake Silver zone. High-grade silver mineralization occurs at roughly the same stratigraphic interval in both of these holes and demonstrates the potential for not only a significant lateral extension of the hangingwall silver zone towards the southeast, but also the potential for additional gold-enriched targets underlying the silver mineralization in the lower parts of the stratigraphy. Total cumulative strike-length of the combined Main Homestake and Homestake Silver zones now exceeds 1,400 metres.
Bravo also reported that final assays have been received for drill hole HR08-83, from within the Main Homestake zone, and from four drill holes at the Vanguard Gold and Vanguard Copper zones. Drill hole HR08-83 intersected a broad interval of strongly siliceous alteration, which averaged 1.1g/t Au and 1.8g/t Ag over 20.8 metres (estimated true thickness). The style and grade of mineralization are consistent with those of adjacent drill holes and highlights the bulk tonnage potential of the upper part of the deposit.
Assays from Vanguard Gold include a 3.6 metre interval averaging 1.3g/t Au and 1g/t Ag in hole HR08-107. Drilling this year was located to the east of the 2007 drilling and appears to have missed the mineralized zone due to structural complexities still being evaluated.
Drilling at the Vanguard Copper zone intersected pyritic sulphides within a laminated argillite-tuff unit in the top portions of both drill holes, which may represent peripheral mineralization. Continued work within both the Vanguard Gold and Vanguard Copper zones are required to fully evaluate their potential.
Bravo reports that all assays have been received from the Homestake Project. Final compilation, check assays and verification of the database is proceeding in preparation of an updated resource estimate that will incorporate new drilling results from the 2007 and 2008 exploration programs. The company anticipates that the new resource estimate will be ready for release in early March 2009.
The firm of Melis Engineering Ltd. have been retained to design and oversee metallurgical studies on mineralized intervals from the Main Homestake deposit. Initial results from this work are expected during the second quarter of 2009.
President Joe Kizis commented, "The high-quality work conducted over the past few years by our dedicated staff and consultants at Homestake have allowed us to identify several important geologic controls of mineralization. This resulted in many impressive intercepts during the season, significantly upgrading the quality of the deposit. On-going work at Homestake will focus on three fronts: 1) continuing to evaluate the geology and economics of the existing Main Homestake deposit, 2) extending mineralization adjacent to the deposit by drill-testing projections of the important high-grade mineralized structures; and 3) exploring for new separate lenses of mineralization. Exploration drilling along the largely untested 600m projection of the mineralized horizon between the Main Homestake deposit and the Homestake Silver zone will be a high priority in 2009."
chux03
24th January 2009, 23:33
The two most important points made in this latest news release??
1. Bravo reports that all assays have been received from the Homestake Project.
Received but not yet released. Is there more "Bonanza-Grade" assays yet to be released? If you believe in saving the best for last, maybe there is. On the other hand....what's the odds??
2. The company anticipates that the new resource estimate will be ready for release in early March 2009.
And when the drill results from both this year AND last year are all totaled in to their first one released almost 2 years ago now, I'M PREDICTING they'll show somewhere around 2.5M to 3M ounces of gold in all categories. And they'll show somewhere around 12M to 15M ounces of silver in all categories. This will be what moves this stock imho just like last time. And I would think that you would want to have a position BEFORE they release that NI43-101 document so as to enjoy any share price increase that may come when that day arrives. This one continues to look better and better....still speculative but their future is bright, as in many millions of ounces of gold and silver that have come to light recently at Homestake Ridge. :)
Ancona
25th January 2009, 11:56
Chux,
Sooo...................are you a broker?
chux03
25th January 2009, 23:36
Chux,
Sooo...................are you a broker?
Hardly. I have purchased Bravo shares 10 different times over the past 2 years because I liked the story, I liked the company, where they do business and most importantly of all, is I think I can make some money off this investment. I admit to being off a bit on the timing though who knew the market and subsequently how much the juniors were punished these past months, Bravo surely among them?? Still, it looks (to me) like the share price should increase with the release of the new resource estimate. I'm having trouble thinking of any company in the same boat who's share price hasn't gone up after a similar release. Up to this point, I think the company is on track to do exactly what they must do with this and that's to keep exploring, keep drilling and keep finding more gold and silver and adding ounces to the project's bottom line in hopes of attracting the interest of a major mining company who would either buy them out, lock, stock and barrel or propose a joint venture carrying Bravo through to production.
Anyway, at the current price of about .35US a share and in conjunction with the updated NI43-101 document to be released in March, Bravo is looking VERY attractive to those who wish to participate in serious share price.....appreciation.
Just remember that no matter what happens with this one....friendly take-over or hostile in intent, pass, fail, buyout or JV or the biggest bust you've ever seen (which in my estimation is somewhere between no chance and never) I'll post and keep track of all things BVG & Homestake Ridge (my most speculative investment) RIGHT HERE. I'll even tell you how I've done, if you'd like. Good or bad. FYI I started 2 years ago and now own between 15,000 and 20,000 shares that cost me an average of .40US a share. So it's fairly easy to see my....interest in this one and I hope to do well. Very well.... :)
Wish us luck!!!
terry853
26th January 2009, 18:59
I'm working on a drill rig about 400 miles east and a little south of BVG right now. I did phone some weeks ago but got an answering machine and no call back. I'm thinking about trying again. I'll be passing through Vancouver in a couple of months when I go home, and seeing as how I will be taking delivery of a bunch of silver when I get to Van I might just stop by the BVG office. I am really green at this investing tho I know what I want. So Chux how would I go about getting shares over the internet cause I will be stuck on rigs till breakup. Thanx for all you do and the great info..Terry.
chux03
27th January 2009, 10:38
"....So Chux how would I go about getting shares over the internet cause I will be stuck on rigs till breakup. Thanx for all you do and the great info..Terry."
I had some brokerage problems with my main broker, First Trade, a couple of weeks ago. I put in a buy order and all went as usual until they mentioned what they were going to charge me for that trade, as it was a "foreign issue, pink-sheet" stock, and that was $75. When I asked for clarification, as they have never charged me anything more than the usual and advertised $6.95 per trade, they said when I transferred my account over to them last year, any companies already in my portfolio would trade at their customary $6.95 per trade. I could add all the shares I wanted to, no biggy. BUT....if I were to wander into another "foreign issue, pink-sheet" company, I'd have to pay them $75 on that initial trade for the pleasure. Then, it's back to the $6.95 per trade model. When I told them that not only wouldn't I pay that amount and that I was transferring everything over to the www.interactivebrokers.com account, I don't think they were surprised. And I see from the introductory email this morning that the account is funded with ALL of those shares that were in the First Trade account and it's ready for....action. That was quick!!!
I'm sorry for the ramble Terry but the only way I know of to buy shares online is through an online brokerage account. And the point of the above story is that all brokerages are NOT the same, especially when buying a company such as www.bravoventuregroup.com . I'm loathe to recommend any brokerage companies now as the IB account for me is something new and an unknown but I know why I chose them. And that's mainly because of what they charge for commissions and that buying these type of shares is made fairly easy, as well as their stellar reputation. Funding (transferring to) the account was EASY and they took care of everything. I didn't have to do one thing except stand-by for a few days till the email welcoming me and my shares/money :) got here this morning. I did everything online and it took probably half an hour to fill everything out and sign (electronically), etc, etc.
I'm sure there's others who could recommend their brokerages too that deal in these type of shares/companies who's prices are fair and the transactions accurate and SAFE. I'll just mention my experience....
One other possibility would be to open an account at a place like www.europac.net (Peter Schiff's company), fund it and then have them buy you the actual Canadian shares off the Canadian exchange, which would help you avoid the pink-sheet issues should one have any of those. That's one of their premier services they're known for. Some folks understandably do (have issues) and this could be a way to avoid those.
Anyway, if you're not nervous about an online account and know your way around cyberspace COMFORTABLY (because I'm NOT doing anything I don't feel comfortable with or also understand either) an online brokerage account of some kind will be what you need to get into these stocks. The REAL decision on where that works best for YOU will be important to the overall experience of being in these issues too. So choose carefully and wisely just like you would if you were buying shares. Due diligence and all of that. :)
Oh and you're welcome!!! Stay warm too! :D
What kind of drilling are you doing Terry?? Energy??
makeitback
27th January 2009, 22:25
I am astonished by a share price of .45 on BVG. I have looked at several other gold exploration companies that are selling for as much as 70 percent more than BVG --- example:
MMM Minco Gold 62 cent share price---numerous properties in China---only 379000 indicated by 43-101 report so far, and they only own 51 per cent of this project. No bonanza grade drill results reported. This property has potential, but in no way is it worth more than Bravo.
Bravo----in most stable country---Canada.
$45,000,000.00 Market Capitalisation.
43-101 indicated---about 1 million ounces gold 2 years ago (plus silver).
Subsequently returned multiple bonanza grade drill results in both gold and silver.
Awaiting March 43-101 which will probably increase the indicated to 3 million ounces (or more) gold judging by drill results to date.
Good mining location---hydro to property.
Good management.
The silver is a bonus, not that one is needed. This stock actually declined in January when everything else was rocketing up. I kept looking for bad news, but nothing materialised. The only thing I could see were large disproportionate short positions. (somebody trying to set up a takeover?) I suspect that when the 43-101 comes out it will take off like a rocket. Good news for those that got in at 45 cents.
skijake
28th January 2009, 13:02
I am astonished by a share price of .45 on BVG. I have looked at several other gold exploration companies that are selling for as much as 70 percent more than BVG --- example:
MMM Minco Gold 62 cent share price---numerous properties in China---only 379000 indicated by 43-101 report so far, and they only own 51 per cent of this project. No bonanza grade drill results reported. This property has potential, but in no way is it worth more than Bravo.
Bravo----in most stable country---Canada.
$45,000,000.00 Market Capitalisation.
43-101 indicated---about 1 million ounces gold 2 years ago (plus silver).
Subsequently returned multiple bonanza grade drill results in both gold and silver.
Awaiting March 43-101 which will probably increase the indicated to 3 million ounces (or more) gold judging by drill results to date.
Good mining location---hydro to property.
Good management.
The silver is a bonus, not that one is needed. This stock actually declined in January when everything else was rocketing up. I kept looking for bad news, but nothing materialised. The only thing I could see were large disproportionate short positions. (somebody trying to set up a takeover?) I suspect that when the 43-101 comes out it will take off like a rocket. Good news for those that got in at 45 cents.
I have to agree with your analysis although I am biased as I own these guys too thanks to CHUX recommendation. As far as speculative goes this thing has a great potential for a Grand Slam. Time always tells but I'm more than happy to own them.;)
chux03
29th January 2009, 13:07
www.smartstox.com/interviews/bvg.
The latest interview and it's a good one!!!
terry853
29th January 2009, 13:52
Excellent reply. Sorry for the late response. I watched the video and am now even more interested in owning stock in this venture. Guess I will have to get myself a broker in Vancouver. Again thank you and please keep the info coming. Have a great day..Terry..
chux03
29th January 2009, 17:46
Hey...thanks Terry, you're welcome!!
Didn't I hear Bob in that interview say something on the order of, "it looks more and more like there's going to be a mine at/on Homestake Ridge.....how big a mine that's going to be remains to be seen....." ????
I don't think I was hearing things.....SO that's gotta be GOOD news to a shareholders ears, isn't it?? I think I'll listen to that one again.
I'm buying more.... :)
chux03
4th February 2009, 23:14
The updated resource estimate for BVG is due out probably in less than 30 days. There's also a few assays left to report on too, though not many. Are there more Bonanza grade assays left to release??
There's an upcoming precious metals conference in Quebec or Toronto I think but it IS in Canada and Bravo has said that they'd like to release this new NI43-101 document BEFORE this conference starts, which I think is in early to mid-March, and which would give them LOTS of exposure, especially if the updated amounts are as large as are expected. You've listened to their latest Smart-Stox interview and you can sense the genuine excitement when everyone talks about the future of BVG.
The point to this tale is that all through this missive about Bravo you seldom heard me come right out and say to buy some of this stock. That was on purpose as I would much rather present what's been presented and then you digest all this in, think about it, churn it around, process everything and THEN make your decision. And I'm thinking that's what's been happening right up to now. I know in my own case, I did inventory and because of everything that's happened right up to now and that I dug up some more money and have decided I'm going to round out my Bravo stock purchase to a total of 20,000 shares and we'll just let that ride and see what happens. That should put my average share price at around .37 or .38 cents a share and a nice round figure of 20k is easy to keep track of (hopefully in increments of $1 :) ).
ANYWAY....now's the time, if you've been "thinking about it", to get yourself some Bravo shares. There's a good chance that the share price will go UP because of their release of a new NI43-101 document, plus you won't have long to wait either. To my way of thinking, if the new resource estimate shows they have triple the resources (mainly gold and silver) which is entirely possible, I'll exit here by asking you again, that IF that resource estimate does do a triple, WHAT DO YOU THINK COULD HAPPEN TO THEIR SHARE PRICE???? The proverbial BVG express train is getting ready to leave the station. You aboard??
m.palmer1@verizon.net
5th February 2009, 09:30
HL down to 1.77 this morning. Maybe a good time to load the boat?
makeitback
5th February 2009, 13:41
This one has all of the earmarks of a huge 43-101. They had a 1 million ounce 43-101 2 years ago before the bonanza gold and silver drill results.
It went to 60 cents and then dropped back to the low forties all through January. There have been large short positions during this pullback
that made no sense. I am beginning to think they were intentionally holding back their share price to avoid any conflict of interest accusations
when they release their 43-101.(this would only happen if the 43-101 was huge). There is no way those bonanza drill results will not translate
into another 2 million ounces of gold and who knows how much silver.(in my humble opinion). This I think, would give them 3 million ounces of gold
(very conservative estimate). The companies that acquire properties like this generally pay from $50.00 to $150.00 an ounce. If we assume $100.00,
then the company should sell for $300,000,000.00.(and this does not even factor in the silver). Divide that number by the shareholder value, and we
could easily see a $5.00 / share offer on this company (and I believe this to be conservative---once again in my humble opinion). Today it popped up
12 per cent. I suspect the 43-101 will come out sooner than most expect---maybe last week of February. My gut tells me this one is about to go up.
chux03
6th February 2009, 00:09
Maybe a good time to load the boat?
YES!!! It's an EXCELLENT time to be loading the boat....but NOT with HL shares....are you kidding?? There's a MUCH better opportunity for profit and in a HELL of a shorter amount of time than it's gonna take for Hecla and it's looking at you right in the face (if you're reading this). Until that 43-101 comes out sometime in the next few weeks, this is the one that will occupy my thoughts. If it were my choice between....this and HL, I'd take those bux destined for HL and do a temporary course change into BVG, sit patiently for a few weeks till you know what comes out, participate in the madness....I mean, the appreciation, take profits and then go back and NOW buy that HL stock. Ya, that's a GREAT fantasy and there's a whole bunch of energy stocks I'd like to try that on! :D
This should be an exciting next few weeks, as I have another one of these stocks that's doing the same thing. Atna Resources www.atna.com/s/Home.asp is another long time holding that's also poised and waiting for a newly updated 43-101. They bought out Canyon Resources last year and are now mining gold at the Briggs mine in southern California, plus they sold some choice royalties for cash (to Silver Wheaton who is another holding of mine) to fund their Briggs mine, in addition to their main project which is a JV with Barrick at Pinson in Nevada. I don't own as many shares as I do in BVG but I have enough of them that they make me smile nonetheless, especially now being "in the money" with that one. :) Ya, I'm smiling....lately and as fleeting as that can be in these days and times.
chux03
6th February 2009, 16:06
The stock closed up 9% today on the release of more news. This time it's about a non-brokered flow through financing and that Bravo's shareholders did vote for the shareholder rights plan. Read about it here:
www.bravoventuregroup.com/en/index.php?page=news&newsid=142
This time they say the same thing about the rights plan except there's no mention of the statement that said something to the effect that "Bravo knows of no planned company takeover threat, nor have they heard of any". This time that wasn't in there. Sooooooo....maybe they've....heard something since this thing was adopted?? Most likely as I'd think that most any major gold producer/miner looking to expand their bottom line ounce count of gold and silver would surely be interested in Bravo and what they own. That the spot price of both metals is heading MUCH higher is casting it's influence too helping things.
And that should be good for.....us!! :)
To see what the crowd over at stockhouse dot com thinks click this link:
www.stockhouse.com/Bullboards/SymbolList.aspx?s=BVG&t=LIST
Ancona
7th February 2009, 12:44
What about Silver Wheaton? Are they a good buy right now? What about their cash position, can they survive this downturn, and wait it out until silver starts it's [inevitable] rise.
chux03
7th February 2009, 13:47
What about Silver Wheaton? Are they a good buy right now? What about their cash position, can they survive this downturn, and wait it out until silver starts it's [inevitable] rise.
The short answer? The 3 newsletters I subscribe to ALL "follow" SLW. So that means I do to, having bought between here and there. ;) (Translated that means I bought some at $8 a year or two ago and then I bought more when it was around $4 recently)
Ancona
7th February 2009, 14:15
The short answer? The 3 newsletters I subscribe to ALL "follow" SLW. So that means I do to, having bought between here and there. ;) (Translated that means I bought some at $8 a year or two ago and then I bought more when it was around $4 recently)
Ok, so you aren't scared off by the 50% drop, so that means they are well capitalized?
I mean to say, they won't be stripped of capital in the event of market capitulation? You see, I have been following this and several other threads in the stock section here at SS, and have also followed some of the plays discussed in the threads. I see some interesting trends, but am a chicken shit when it comes to the market.
It would seem that until silver gets up a bit more, the silver miners have to sit back on their haunches and wait it out. Unless the mine is a huge producer, or a shallow hole, it isn't really profitable right now for them to dig is it?
Either way, at around four bucks, they seem to be an incredible value right now, and the missus could easily be talked into picking up maybe 500 shares. However, if they fall off a cliff, it will be the last investment we ever make, and I'll have to listen to "I told you so" for the rest of my natural life, so I've got to be pretty sure.
chux03
7th February 2009, 16:54
They're at $6.72 or so. I bought both higher and lower but I'm not saying whether or not they are a buy right now. That's YOUR baby.
Seriously, if I was looking for one that's going up and in the not too long of a time frame where it's so short if you don't have any patience you can still win and that's with this one right here.
Of course, I'm not the only one that thinks so. Here's someone else who has a POSITIVE OUTLOOK on BVG:
The Gold Report Interview with Peter Grandich (02/03/2009)
TGR: What do you think about Bravo Venture Group (TSX.V:BVG)?
PG:"Another company that’s made just outstanding discoveries and demonstrated an understanding of the deposits. They continue to put out great drill results—so excellent results of deposits that are developing very nicely. And also, a company with the ability to demonstrate that they have enough support out there despite terrible financing conditions. They’ve been able to complete a financing recently that is going to move them forward. And they’re in a very good area of the world; as I said earlier, Canada and America are the safest places to look right now. So Bravo Ventures, too, I believe is one of the companies that will move forward to production. I suspect that they may not want to run the production, though, so there may be a sale or some type of a joint venture.
TGR: How about Bravo’s management team?
PG: Really what got me interested is somebody I worked with in the past and offered me an opportunity to do so again. As I said, I make my bets on management, and even some great management teams still don’t go all nine yards. But just like the quarterback is the most important position on a football team, management is in juniors. I go a long way back with Robert Swenarchuk, whose head of Bravo’s Corporate Development and a member of Board of Directors. He is the one who made me interested in this and showed me why this deposit could develop. He was right. I’m a people better, and especially in the junior markets, and there again is another reason—because I have such faith in somebody who has an active role in the company."
To view the entire “Gold Report” please click on the following link; The Gold Report (www.TheAUReport.com)
Against a backdrop of tight capital markets, cash and sustainability are the name of the game and our backbone criteria in evaluating investment opportunities in the small cap mining space in the near term. With cash now the new commodity to hunt for, watch the junior/intermediates for takeouts.
It's a new year and a new market for small cap mining stocks. There's a new credit freeze and a market underpinned by weak commodity prices, except for gold and uranium.
Bravo Venture has a small cash position, last reported at $1.6 million (October 2008 - Q4/08). We estimate the company's cash position at $2.5 million; its small treasury is subject to an average trailing-four-quarter annual burn of $7 million, which translates into less than a year's sustainability, based on historical burn. The company will potentially need to raise capital to advance its exploration initiatives during 2009. A dollar of market cap is supported by less than a dollar of NWC ($0.02), based on reported financials. The company has outperformed the HJEI, and the precious metals equity group (HJPI), but underperformed gold on a trailing-l2-month basis. Quarter to date, the company has underperformed the equity groups and gold. We include Bravo in our review based on the prospectivity of the company's key Homestake Ridge Property in British Columbia.
- Haywood Securities, Inc. (01/26/09)
I think you should be buying gold, silver, uranium and natural gas as the top of my list of discovery commodities today. I like Quaterra Resources for its silver and uranium resources, Bravo Gold for its new "Eskay –like" gold discovery in BC and Houston Lake Mining for its continued discoveries in north-western Ontario and its Canadian presence.
- Michael A. Berry, Ph.D. (01/21/09)
TGR: What other companies in the gold area come to mind that you'd like to talk about? How about Bravo Venture Group (TSX:BVG)?
DM: Bravo is a well-managed company. We've made some very good investments with many things that Larry Page has put his mind to.
- The Gold Report Interview with David Mason, Augen Capital (01/16/09)
We got more good news recently from Bravo Venture Group's 100%-owned Homestake Ridge project in Northwest British Columbia. That news came in the form of Hole 120, which cut an eye-popping 69.7 meters of 6.1 g/t gold and 15.3 g/t silver (including a 7.1-meter interval grading 27.9 g/t gold and 37.2 g/t silver). In fact, because some of the highest grade portions of the project's Main Homestake zone remain open to the northwest, Bravo has an opportunity, with its 2009 drilling program, to add significant gold ounces without adding a great deal of tonnage.
- Gold Newsletter (12/30/08)
Fri, Feb 06, 2009 2:39 PM Bravo Announces Non-Brokered Flow-Through Financing, Shareholders Rights Plan - CCN Matthews
Wed, Jan 21, 2009 1:17 PM Bravo Reports Additional High-Grade Silver From the Main Homestake and Homestake Silver Zones - CCN Matthews
Fri, Jan 09, 2009 5:51 PM Bravo Enters into Consulting Agreement - CCN Matthews
Mon, Jan 05, 2009 12:03 PM Bravo Extends Main Homestake Zone Down-Dip and to the Southeast - CCN Matthews
Mon, Dec 15, 2008 12:44 PM Bravo Closes Previously Announced Equity Placements - CCN Matthews
Wed, Dec 10, 2008 2:13 PM Bravo Extends Warrant Expiry Date - CCN Matthews
Thu, Dec 04, 2008 10:18 AM Investment Industry Regulatory Organization of Canada - Trade Resumption - Bravo Venture Group Inc. - BVG - Canada NewsWire 10:08 AM Bravo Reports 69.7 Metres of 6.1 g/t Gold in Offset Hole at Homestake Ridge; 7.1 Metre Interval of 27.9 g/t Gold Projects Into Untested Open Area - CCN Matthews
9:11 AM Investment Industry Regulatory Organization of Canada - Trading Halt - Bravo Venture Group Inc. - BVG - Canada NewsWire
Thu, Nov 27, 2008 12:47 PM Bravo Announces Non-Brokered Unit Financing - CCN Matthews
Wed, Nov 26, 2008 3:18 PM Bravo Venture Group Inc.: Previously Announced Financing Oversubscribed - CCN Matthews
Tue, Nov 25, 2008 10:49 AM Investment Industry Regulatory Organization of Canada - Trade Resumption - Bravo Venture Group Inc. - BVG - V - Canada NewsWire 10:32 AM Bravo Identifies New High-Grade Gold and Silver Zone at Homestake Ridge - CCN Matthews
9:22 AM Investment Industry Regulatory Organization of Canada - Trading Halt - Bravo Venture Group Inc. - BVG - V - Canada NewsWire
Fri, Nov 21, 2008 2:46 PM Bravo Announces Non-Brokered Flow-Through and Unit Financing - CCN Matthews
Wed, Nov 12, 2008 4:49 PM Offset to Hole 87 Delivers 62.3 Metres of 6.1g/t Au Including 8.5 Metres of 30.3g/t Au at Bravo's Homestake Ridge Property - CCN Matthews
Mon, Nov 10, 2008 10:32 AM Bravo Reports Additional High-Grade Gold Assays From Homestake Ridge - CCN Matthews
Wed, Nov 05, 2008 10:03 AM Bravo Reports Additional High-grade Silver at Homestake Ridge - CCN Matthews
Wed, Oct 15, 2008 12:46 PM Bravo Reports 2.75m of 2500 Grams Silver Per Tonne at Homestake Ridge - CCN Matthews
Tue, Oct 07, 2008 3:30 PM Bravo Expands Drilling Program at Homestake Ridge - CCN Matthews
Ancona
7th February 2009, 18:45
I believe I'll go a little deeper on this one. You know man.......information is king!
SilverWeed
8th February 2009, 00:30
"That's YOUR baby"
as in don't shoot the messenger
nice tip-toe job! :p
chux03
12th February 2009, 02:22
This is the upcoming conference BVG will attend in Toronto coming up on March 1st & 2nd. They hope to have their newly updated 43-101 out BEFORE this conference. They will have a display setup featuring a sample of their drill core and some maps etc. I'd love to go if only I was closer....
They're saying that there's a LOT of silver in this Homestake project, LOTS!! And this will be shown in the updated 43-101. I also heard that the next release will be the 43-101 as any news releases left will be released after the PDAC. It should be within a couple of weeks now.....
YOU READY?? ;)
Homestake Ridge Deposit, British Columbia
Bravo Venture Group Inc.
LOCATION: The Homestake Ridge Property is located 30 km southeast of
Stewart at the headwaters of the Kitsault River and comprises 2,725 hectares
within the Skeena Mining Division of northeast British Columbia.
STORY: Exploration activity in the Kitsault River Basin started in the early 1900’s
with claims first staked, on what is now the Homestake Property, in 1914.
Exploration has continued on the property to the present day. Bravo acquired an
option on the property in 2003 and since then has expended approximately $12.5
million on exploration and development work and has completed 27,034 m of
drilling in 120 core holes on the project. In 2008, Bravo completed its earn-in and
now retains 100% interest in the property.
Exploration from 2003 – 2008, focused on four target areas which are distributed
along a 4 km-long trend of prospective stratigraphy: the Main Homestake
deposit; the Homestake Silver zone; the Vanguard Gold zone; and Vanguard
Copper zone.
In March 2007, Bravo announced an Inferred Resource estimate at the Main
Homestake deposit of 903,231 Oz Au and 5,745,746 Oz Ag, contained within
11.9 Mt with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off
grade of 0.5 g/t Au. The deposit remains open down-dip and along strike to the
southeast and northwest. An update of this resource is pending for March 2009.
GEOLOGY: Over 80 separate mineral occurrences are located throughout the
property, which is underlain by Jurassic-aged Hazelton Group stratigraphy and
sits within a prolific metallogenic belt that includes past producing mines at Eskay
Creek, Silbak-Premier, Snip and Dolly Varden.
Current interpretations of the Main Homestake zone suggest a deposit that is
transitional between VMS and epithermal types, which occur as stacked siliceous
lenses comprising variable amounts of gold- and silver-rich, iron and base-metal
sulphides. The mineralization formed in an active extensional margin, within a
north-facing stratigraphy that down-step to the northeast, with higher-grade
feeders connecting the stratabound lenses.
DEPOSITS: Results from the 2008 drill program demonstrated a strong lateral
continuity of higher grade horizons within the deposit, confirmed the geometry of
the deposit and increased the overall grade with some of the highest grade
portions of the Main Homestake deposit remaining open to the northwest and
projecting into areas largely untested by drilling.
High-grade silver mineralization occurs at roughly the same stratigraphic interval
in both the Main Homestake deposit and the adjacent Homestake Silver zone.
This demonstrates the potential for not only a significant lateral extension of the
Hangingwall Silver zone toward southeast, but also of additional gold-enriched
targets underlying the silver mineralization in the lower parts of the stratigraphy
Total cumulative strike-length of the combined Main Homestake and Homestake
Silver zones now exceeds 1,400 m.
DISPLAY: Representative drill core from 5 mineralized intervals within the Main
Homestake deposit, cross sections and maps to illustrate the deposits will be
displayed.
www.pdac.ca/pdac/conv/2009/pdf/core-shack/cs-homestake-ridge.pdf
chux03
22nd February 2009, 12:20
IF BVG wants to release the newly updated NI43-101 before the PDAC this next weekend in Toronto, like they've stated, one could maybe hazard a guess that perhaps the document may get released this COMING WEEK????
I'll predict....that I'm looking for it based STRICTLY on what they've said!! :D
Good luck everyone!!!
skijake
22nd February 2009, 13:29
IF BVG wants to release the newly updated NI43-101 before the PDAC this next weekend in Toronto, like they've stated, one could maybe hazard a guess that perhaps the document may get released this COMING WEEK????
I'll predict....that I'm looking for it based STRICTLY on what they've said!! :D
Good luck everyone!!!
Would be nice for a pop. Maybe now is the time. LUCK;)
chux03
26th February 2009, 20:49
Apparently not quite yet...read on:
Press Release Source: Bravo Venture Group Inc.
Bravo to Prepare Homestake Resource Estimate Following Completion of 2009 Drill Program
Thursday February 26, 6:53 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG - News; FRANKFURT:B6I - News) reported today that the company plans to defer completion of an updated resource estimate for its Homestake Ridge project in northwest BC until the completion of the 2009 exploration season.
The company said that refinement of the 3D geologic computer model has identified probable feeder structures and faults that appear to control the higher grade gold and silver mineralization encountered late in the 2008 season (NR-22-08, October 2, 2008 "HR08-87 includes a 73 metre down-hole intercept averaging 20.99 g/t Au. The extensive intercept includes a down-hole 7.65 metre bonanza intercept averaging 181.58 g/t Au") and these features require additional drilling to evaluate their significance, continuity, and ultimate extensions. Subsequent to receipt of assay results from hole 87, the company and its consultants continued to develop the existing resource model, a process that will continue throughout the 2009 exploration program.
Bravo said it is planning a 7,500 to 8,000 metre 2009 drill program that will focus on possible expansion of the high-grade gold zone and also to test an as yet undrilled 600 metre gap between an overlying hangingwall silver-rich horizon at the Homestake Main deposit and the Homestake Silver target, where, to date, only five holes have been drilled. Until additional drill information respecting the extent of the overall mineralization related to these critical geological features is determined from 2009 results, the company believes it to be premature, at this stage, to update the resource estimate on only a portion of the gold and silver zones defined to date.
About Homestake Ridge
The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.
In March 2007 Bravo announced an independent Inferred Resource estimate at the Main Homestake zone of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 million tonnes with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold(1) (see NR-04-07). The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website www.bravoventuregroup.com.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
For further information, please visit the company's website at www.bravoventuregroup.com.
hiyosilver
1st March 2009, 02:18
Chux03,
I tried to private message you, but it won't allow me to for some reason. If you would, check out this post: http://forums.silverseek.com/showthread.php?p=45930#post45930
There's a fellow there I think you might be able to give some advice concerning his job situation.
I hope you don't mind me doing this here, but I didn't know how else to get your attention.
Thanks
chux03
10th March 2009, 00:37
Hmmmmm.......it looks like Bravo is in a holding position, needing to drill more holes to further understand the mineralogy at Homestake so as to get credit on the updated 43-101 for more "indicated" minerals as opposed to just more "inferred" according to the scuttle butt over at the BVG board at www.stockhouse.com
There was also a comment by one of the company officers when asked at the PDAC in Toronto, about a small PP planned for April as they have around $1.5M in the bank which is a bit shy of what's needed for the 8000 to 9000 meter drill program scheduled to start in May. He also said they had LOTS of interest from larger miners (with "confidentiality agreements in place"), looking to do a JV deal though nothing in writing so far on that though they're paying attention.
Personally and with the current market conditions we're looking at and seeing, I would have thought they would have been a bit more in a hurry to get something going and get it into production. I would imagine that the deep pocketed JV partner would also be the operator and would acquire and have the majority interest in the project, if it's anything like some past JV deals I'm aware of. Depending on the partner, financing could be IN HOUSE and BVG would be carried through on their share most likely all the way into a producing gold property. OR they could be bought out along the way in another kind of scenario. The project would most likely start out as an open pit as some of the high grade mineralization is fairly shallow and so mining and an income stream may happen rather fast compared to some other projects that have different geology, costs, etc.
OF COURSE, something COULD happen before that at almost anytime. But I'm kind of disappointed about them not doing anything to really support the share price till they have more news to release which would help keep investors happy with what they are invested in. The conspiracy minded of us could even possibly think that this is an "engineered sell off" so someone else can come in and scoop up cheap shares from disgruntled investors and make a killing when the newly updated 43-101 comes out. How would we know?? By making the (apparent) mistake of selling your shares. But by holding, because there's not many that paid over about .40 to .45 a share, so IF THEY RETREAT A BIT, like they did today (Monday), turn the channel and refrain from dumping those shares, because the BIG MONEY on this one has YET TO BE MADE. Selling now would be a mistake. All that gold and silver from those BONANZA GRADE drill results is still up there on Homestake Ridge. And you've heard VP Bob say that "there's going to be a mine at Homestake Ridge, though we don't know how big". NONE OF THAT HAS CHANGED ONE BIT and they're planning on drilling in a few months and FINDING MORE. So will we have to wait still that much longer yet?? YES...unless a JV deal is announced between NOW and THEN. And, YES, I'm still holding my 20k shares which average in @ .40.8 each. Ya...kind if impatient but I'm HOLDING and not real happy overall BUT I'M HOLDING. It would be nice to see a JV deal announced....sooner rather than later but at least for right now, we're back to the wait. There's LOTS of things to be thinking about in regards to this project, the economy, financing, the time frame towards production, WHO's the JV going to be with. But the real saving grace for Homestake Ridge will be the amount of mineralization present and if it takes another round of drilling to confirm the resource as well as to rope in a JV partner with deep pockets, FINE, GREAT! BUT LET'S GET GOING, HUH??? It's time for some action on the JV front here.
chux03
11th March 2009, 02:33
After thinking about this for awhile, I still think a JV is in the works as that would explain the delay in the 43-101. Apparently they were at PDAC in Toronto on the 1st through the 4th of March and some of the core from hole 87 was on display. I just find it odd to swerve away from the planned release near the end of the first quarter of 09 after ALL those great drill core assays showing all that gold and silver. Remember, the first 43-101 shows just shy of 1M ounces of gold and just under 6M ounces of silver. And now after 2 years of drilling in 07 and 08 with all those BONANZA GRADE hits, one has to believe that there was more gold and silver found during the last 2 years of drilling than that time they drilled before the release of their first one. SO.....if that was worth 1M gold and 6M silver, THIS ONE SHOULD HAVE ECLIPSED THAT FIRST ONE BY A BUNCH, to my way of thinking. So....if they know they'd have more ounces and significantly so, why would you not release the new 43-101 when you said you were going to?? And on top of that, why make everyone wait another year/season (in drilling and assaying terms) and what? You just going to basically wait till then and not support your share price or the shareholders?? I HOPE NOT but that's why I think a JV is in the wind. This non-release buys em some time and the share price shouldn't fall too far as just look at the mineralization that's up there on Homestake Ridge. That's what they're saying, I can hear em now....and that's why I'm continuing to HOLD. :)
chux03
26th March 2009, 21:37
Still holding here....
I would imagine that this will move with a good pop of the gold price as it seems the shorts are slowly calling it quits (shorting BVG, in December BVG had more shorts than any other stock on the Venture Index from what I heard), alllowing the share price a slight rise. Why short BVG in particular?? To keep the share price down? But why keep the share price down if you're looking for a JV partner? You wouldn't do that...if you were the one doing the shorting. But why keep the share price down by shorting the stock if you're trying to sell Homestake Ridge to the....highest bidder?? And in a RISING GOLD MARKET, is that really the....smartest thing to do to.....make some money??
Anyway, this is THEE speculative stock in my portfolio, everything else has risen or is on the rise, except for this one. I'm lucky to have made a couple of wise choices for the foundation of my PM based portfolio, that I can afford to kick back and wait for this one to....COME TO ME. Of course it wasn't always like that but right now.....IT IS!!! Here's hoping that this one takes off soon....REAL SOON!!
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