The BMR Portfolio (Part 2 of 3)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion pulled back with the CDNX in general this past week but no chart damage has been done and GBB closed Friday in an area of strong support at 79 cents, the September high…regular followers of GBB will know that these pullbacks have always presented favorable buying opportunities, and the RSI(14) has just hit 50 which puts GBB in a very attractive zone for accumulation…the rising 50-day moving average (SMA) at 72 cents provides exceptional support…the GBB chart continues to be a picture of beauty with a slow but consistent rise in the share price since last spring…a couple steps ahead, one back, a couple more ahead, and so on…in this type of technical pattern, at some point an explosion to the upside will usually occur…that moment may not be far off with Gold Bullion as results from the Granada Gold Property start to pour in and drilling covers an even larger area…we remain convinced Granada has strong potential to rival Canadian Malartic in size but of course this will require an enormous amount of additional drilling and investor patience…we will have much to report from Granada in the weeks ahead as we’re making two separate visits to Rouyn-Noranda…this first visit is more research-oriented as we’re meeting with geologists and various companies in the immediate area which will also give us an even better handle on the potential of Granada…investors are anxiously awaiting new drill results from the LONG Bars Zone (last results were November 19) but it’s worth reminding readers that it took Seafield Resources (SFF, TSX-V) six 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 (one 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 two kilometres east of Phase 1 discovery hole #17)…we expect things could really heat up with Gold Bullion once the company and GENIVAR decide to step out into the heart of LONG Bars Zone 2…