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Message: One worth taking a look at imo -BVG.v

One worth taking a look at imo -BVG.v

posted on Nov 10, 2008 03:23PM

Not investment advice. Do your own DD.

Far from a sure thing but I've made a big bet on this one (BVG). In Canada and we have three shots at proving contuation of the previously reported glory hole (#87) which containe 20+ grams over 50+meters...they hit on one or more of the three assay we're awaiting its game on...they miss and I suspect its cut in half back to the 20cent range.

What I like is that in the last two NR's they have pointed the market attentions towards the three awaited key pending assays (see below). That they cancelled a previously announced PP and have not reinitiated one after the holes were drilled. Company is next to broke, so if they were sure they were going to disappoint the market, it would seem to be prudent to get a financing done while there's still some interest in the company. With those assays due in the coming weeks, that window is closing quickly.

disclosure: I own a ton.

"Bravo completed 42 core holes totaling more than 8,400 metres of drilling at Homestake Ridge in 2008. Thirty-five drill holes were completed at the Main Homestake Ridge target, three drill holes at the Homestake Silver target, and two holes on each of the Vanguard Gold and Vanguard Copper targets. Samples from drill holes HR08-117, HR08-118 and HR08-120, which were designed to offset previously reported high-grade mineralization in hole HR08-87 (52.5 metres true-width grading 21.0g/t Au; see NR-22-08), have been submitted and assays are now pending. Core logging and preparation of samples for assay continues in a newly acquired warehouse facility in Prince Rupert, BC. To date assays have been received for 22 drill holes. Assays are pending for the remaining 20 drill holes."

Regards,

Buck

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