The Week In Review And A Look Ahead: Part 2 Of 3

The BMR Portfolio (Part 1 of 2)

Gold Bullion Development (GBB, TSX-V)

Patience always pays off as Christmas came a little early for Gold Bullion shareholders this week…strong buying poured into the GBB market Thursday and Friday (fund managers positioning for 2011 perhaps?) and the stock hit a new all-time high, closing Friday at 81 cents for a weekly gain of 11 cents…GBB got as high as 83 cents Friday, meeting little resistance at the previous high (September) of 79 cents…we’ve stated this many times before at BMR but it’s worth repeating – the GBB chart is indeed a picture of beauty…it’s hard to find a better looking chart than GBB‘s, besides the CDNX itself…the stock has moved higher 6 of the past 7 weeks and has now increased by over 1,000% since we introduced Gold Bullion to our readers at this exact time last year…investors are anxiously awaiting new drill results from the LONG Bars Zone (last results were November 19) but it’s worth reminding impatient readers that it took Seafield Resources (SFF, TSX-V) 6 months before releasing results from Miraflores that turned out to be spectacular and put the company on the front page of The Northern Miner…what we can discern from the most recent GBB results is that the LONG Bars Zone appears to be widening from north to south which of course is very positive for the geometry of this deposit…it’s our theory that the mineralization GENIVAR is discovering in the northern portion of the Eastern Extension actually begins to the west above the Preliminary Block Model…at this point there’s no question there’s strong new potential for the LONG Bars Zone going north, and Hole #86 (1 gram over 84.6 metres near-surface) shows there is also new potential going south…looking at the drill map on the GBB web site, it’s obvious that GENIVAR has drilled a series of holes northwest of #86 toward Pit #2 East in the Preliminary Block Model to confirm if there is a possible extension of the #2 Vein…to the east, of course, it’s all “blue sky” as Gold Bullion has several kilometres of highly prospective strike length still to explore (LONG Bars Zone 2 is nearly 2 kilometres east of Phase 1 discovery hole #17)…Frank Basa has agreed to an interview with us next week which we’re very much looking forward to…this has been a great year for Gold Bullion and an even better 2011 is a strong possibility…