October 24, 2010
The BMR Portfolio
Gold Bullion Development (GBB, TSX-V)
Gold Bullion continues to ride its 100-day moving average and was off a penny for the week at 57 cents on relatively low volume (3 million CDNX shares) as it completes its $8 million financing…word on the street is that the closing of the financing is imminent, within a matter of days…after exhaustive research and 3 visits to the Granada Property over the last 8 months, our faith in this project is absolutely unshakeable and there is not a better time in our view to be a Gold Bullion shareholder…armed with a $10 million+ bank account upon the closing of the financing, and supported by the geological expertise of GENIVAR as well as a rising Gold market, we fully expect Gold Bullion to finish 2010 in very strong fashion…the visuals reported last month give us a high degree of confidence that the next sets of assays, when they come, will be positive with excellent potential for some breakthrough results from the Eastern Extension…mineralization has been encountered over a very wide area at Granada so far and our understanding of the geology of this property is that it is truly a major structure…this deposit will be all about volume, all about tonnage, so all Gold Bullion needs to do is drill, drill, and drill some more which is Frank Basa’s strategy…the consolidation pattern we’ve seen over the last several weeks is typically indicative of a stock that is about to break to the upside…this is supported by the fundamentals which, based on the latest news, confirm more than ever the blue sky potential of Granada….GBB is up 714% since we first uncovered it for BMR readers last December…
