BRAVO VENTURE GROUP INC. (TSXV: BVG) FOLLOW-UP N° 4 /June 24, 2009
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2
Year Chart
BRAVO VENTURE GROUP : RETURN ON CAD
10,000 INVESTMENT |
|
Purchase Date |
No. of Shares |
Purchase Price |
Cost (CAD) |
Price Today |
Value Today |
October 21, 2005 |
23'000 |
0.44 |
10'120.00 |
|
|
Total |
23,000 |
0.44 |
10'120.00 |
0.49 |
11'270.00 |
Profit |
|
|
|
|
1'150.00 |
Profit (in %) |
|
|
|
|
11% |
SHARES OUTSTANDING / FULLY DILUTED |
MARKET CAP |
119.8 Million / 156.6 Million |
CAD 39.7 Million |
52 WEEK LOW / HIGH |
TSXV |
CAD 0.18 to 0.61 |
229,400 (200-day) |
RECOMMENDATION |
RISK RATING |
BUY |
HIGH |
DISCOVERY OF NEW GOLD DEPOSITS IN BRITISH COLUMBIA, ALASKA AND NEVADA
Business Summary
Bravo's exploration activities are focused within North America, specifically
in N.W. British Columbia, Nevada, and S.E. Alaska.
The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia
is advancing with excellent drill results and a 2006 NI43-101 compliant technical
evaluation which reported an inferred resource of 900,000 oz/gold.
The 2008 exploration program consisted of an extensive 42-hole, 8,400 meter
multi-rig drill program that continues to demonstrate continuity of mineralization
that remains open down dip and along strike to the southeast and northwest.
A similar drill program will start during the summer, 2009.
The Woewodski Island prospect in S.E. Alaska is a precious-metal rich
VMS target, which lies within a mineralized trend that hosts both the Greens
Creek and Windy Craggy VMS. A short drill program is planned during Q2/Q3.
As well the company has acquired a substantial land package consisting of
thirteen properties located in the Battle Mountain/Eureka trend, Nevada.
Projects
The VMS/ Epithermal gold/silver Homestake Ridge project in British Columbia
is advancing with excellent drill results and a NI43-101 compliant technical
evaluation which reported an inferred resource of 900,000 oz/gold.
An aggressive +7,500 meter multi-rig drill program will start late Q2.
The Woewodski Island prospect in S.E. Alaska is a precious-metal rich
VMS target, which lies within a mineralized trend that hosts both the Greens
Creek and Windy Craggy VMS.
The Battle Mountain/Eureka trend, Nevada.
The company has or can acquire a 100 percent interest in thirteen projects
totaling approximately 41 square miles within the South Battle Mountain/Eureka
trend. Bravo is targeting Carlin Type sediment-hosted gold prospects along
trend of the Cortez Hill, Pediment and ET Blue discoveries.
Recent News: Drill Mobilizes to Bravo's Woewodski Island VMS Project in
Alaska
Bravo Venture Group Inc. reported that a diamond drill rig and field
crews have been mobilized on the Company's Woewodski Island precious-metal
rich VMS project in southeastern Alaska, where Bravo is planning to drill two
to three core holes for approximately 1,000 meters at an estimated cost of
US$400,000.
The program is designed to test the central, east-west trending axis of the
East Lake "paleo-graben", where surface mapping, 3D IP geophysics and recent
drilling have successfully delineated the dimensions of the graben and semimassive
to massive sulphide horizons around its perimeter. To date, only shallow targets
within the host stratigraphy have been tested.
The new geologic model interprets surface exposures and previous drill intercepts
of VMS-style base and precious metals, hosted by "mine argillite", as occurring
along the northern and southern margins of an east-west-oriented paleo-graben.
The center of that graben, where the thickest accumulations of massive sulfide
are expected to occur, has never been tested by drilling. The mineralization
at East Lake is in the same package of Triassic-age rocks that host the Greens
Creek mine (24Mt of 13.9% Zn, 5.1% Pb, 5.8g/t Au and 730g/t Ag) (1) in a
very similar geologic setting.
Fundamental Considerations
Homestake Ridge
THE EXTENSIVE DRILL PROGRAM FOR 2009 HAS THE OBJETIVE TO EXPAND AND TO DEVELOP
THE KNOWN RESOURCE AND TO EXPLORE THE SATELLITE ZONES.
CONSIDERING THE OUTSTANDING DRILL RESULTS SHOWN ABOVE, THE POSSIBILITY THAT
THE PRECENT INFERRED RESOURCE, WHICH DATES FROM 2007, COULD EASILY DOUBLE OR
TRIPLE, MAKES BRAVO VENTURE AN EXCELLENT EXPLORATION SPECULATION WITH LIMITED
DOWN-SIDE RISK.
AT THE BEGINNING OF 2007, WHEN THE COMPANY ANNOUNCED OUTSTANDING DRILL-RESULTS,
THE SHARE PIRCE OF BRAVO REACHED CAD 1.92, BUT FELL SUBSEQUENTLY TO CAD 0.18
BY NOVEMBER 2008 RESULTING IN A LOSS OF 90%. THE SHARE PRICE HAS SINCE MORE
THAN DOUBLED BUT IN CASE THE DRILLING PROGRAM FOR THE SUMMER OF 2009 SHOULD
YIELD FURTHER OUTSTANDING RESULTS, THE SHARE PRICE COULD MOVE SIGNIFICANTLY
HIGHER.
Technical Considerations
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Disclosure:
The author has not been paid to write this article, nor has he received any
other inducement to do so.
Disclaimer:
The author's objective in writing this article is to invoke an interest on
the part of potential investors in this stock to the point where they are
encouraged to conduct their own further diligent research. Neither the information
nor the opinions expressed should be construed as a solicitation to buy or
sell this stock.
Investors are recommended to obtain the advice of a qualified
investment advisor before entering into any transactions in the stock - or
use their own brains.
In our opinion, the best approach is to buy a diversified portfolio
of stocks like THE TIMELESS PRECIOUS METAL FUND or THE SIERRA MADRE GOLD & SILVER
VENTURE FUND instead of shares of only a small number of companies.
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