TORONTO – High-wire(d) investors: Your best shots at nailing the light fantastic and hammering a laser-beam return?
- First off: British Columbia gold (and base metals). Three weeks ago I re-connected with Bravo Venture Group’s (TSX: V.BVG, Stock Forum) Robert Swenarchuk. He tripped a light switch for me in New Orleans, and as clear as I could see the moth that landed on my reporter’s notebook there (in the photo), I could savvy the promise of Bravo’s Homestake Ridge project in Canada’s northwestern B.C.
I covered Mr. Bob S.’s comments the other day in our subscriber service. Bravo is exploring a gold-laden epithermal system within the Eskay Creek region.
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Und today, what I see is this: serious insider purchase of shares by Bob, who is a longstanding director of Bravo. Mr. Swenarchuk, for those who do not know him, is a Vancouver-based investor relations executive. Bob has been in the business since 1980. He reminds me of actor Fred MacMurray in “Father Knows Best.”
Bravo’s shares are a joke at this price. On that I stake my screaming rep … and no, I do not own the shares or get anything from Mr. S. except the flip of a light switch. (Comedians, feel free to make stupid comments at the end of this article … svp.)
Bob and the Bravo team know the stock price, something like 40 cents Canadian, is a flag-nogging laugh-it-up. They are hysterical laughing right now … and no, they are not stand-up comics. The BVG stock price, in a reverse analogy, is as flag-nogging absurd and LAUGHABLE as the published ask for Donnie Trump’s new Tower condos in T-town here. Believe it.
One drill hole on Bravo’s B.C. ridge at Homestake showed a gold intercept that has even the polar bears in the region stunned: a 52-metre width averaging 21 grams a tonne of gold. The intercept also shows what looks like a bonanza about seven metres down -- 181 grams per tonne.
Bravo shares are also listed in Germany. So Bob, along with a lot of corporate development and CEO types, is headed to Munich this coming weekend for a natural resources boo-ha. (My friends from the Gold Anti Trust Action Committeewill be there – Bill Murphy and Chris Powell. Please support their efforts.)
Generally, when Canadian junior miners and prospectors go to “service” their German shareholders at such shows, they blast “news flow.” In Bravo’s case, the flow is neither vaporware nor mothballed reporting from yesteryears. The gold and base-metal company’s
president and senior geologist, Joseph Kizis, has been working B.C. (and Nevada) turf for years.
- Second: Silver in Mexico.Ticker Trax Planetary Prospect Endeavour Silver (EDR and EXK) just presented freshly scrubbed drill data from seven holes at its Guanacevi dig. Bradford Cooke’s Endeavour demonstrates that a producing and primary silver producer (Guanajuato and Durango State) also can don a prospector’s hat. Chief geologist Barry Devlin, whom I first met this past summer at gorgeous Guanajuato, is guiding Endeavour toward select property purchases in Mexico.
Endeavour’s shares have more than doubled in the seven or so months since we tagged it as one of our 11 Planetary Prospects for the Ticker Trax sub-culture. (As with each of the chosen 11, I own the shares; I ain’t selling any of ‘em.)
Endeavour’s exploration drilling program on its Porvenir Cuatro property in the Guanacevi District of Durango is coming up all spades, in silver. Today’s dig data from Endeavour show one hole with 727 grams per tonne of silver and 1.5 grams gold over a 3.44 meter true width (or in American: 21.2 oz per ton silver over 11.3 feet).
It will not be long before several of the best Mexico silver producers and prospectors, first and foremost Endeavour Silver and Guanajuato/Durango neighbor Great Panther Resources (TSX: T.GPR, Stock Forum), another Planetary Prospect of TT, find themselves entertaining offers from the likes of Pan American Silver (PAAS) and others who know how not to joke about the price of l ’argent.
Pan American Silveris poking around in Argentina (Aquiline announced), Mexico and elsewhere for fresh silver lodes.Theprice of silver —she is destined to surpass and then crush another laughable metric: the current 1.8 percent of the gold price (approx. $1,000 gold divided by $18). One day: $300 an ounce silver? No joke-oh-poco.
(Nos. 3, 4, 5 & 6 light fantastics for willing investors who receive Ticker Trax™: 3. Harvard U. Professor George Whitesides’ surface engineering of nano-particles; 4. two gold prospectors, one in Ghana and one in Guyana; 5. beautiful people working gorgeous gold mines in Colombia; and 6. the scourge that need not be one – 2009H1N1.)
Guyana has fewer than 900,000 people, some great beer and a tattered capital city about to become the globe’s next gold and copper boom town. That is all I have to say until I get to the suburbs of Chicago at week’s end.
- CHICAGO: I’ll be attending Richard and Eric Radez’s Chicago-area natural resources conference Friday and Saturday. Please see: www.globalresourceexpo.com. Yes, there is a reason to visit the suburbs of Chicago. Especially if you are not now on a flight to Munich.
Mr. John Adams of ETK/Sandspring (SSP.P) will be one of the folks telling his Guyana story later this week -- just outside Chicago at Rolling Meadows. It is called the Chicago Resource Expo. Rich Radez and his son, Eric, have been staging this show for many years. I’ll be there, too. So will many of my broker and prospector and big-money friends. Subscribers too.
The show is free. It’s cozy. Jumbo shrimp (foryou oxy-morons in the crowd) and salmon. Cute hotel. Covered pool. There will be plenty of time for yer-all to meet and greet. Young folks, too.
Here is what Eric Radez, age 34, says: “Thom, I want to encourage younger people to join us. Ya know, I was not taught anything about the importance of raw materials in any of my schooling. So knowledge is power.” Now that I think of it, when was the last time an American or Canadian high school offered a preparatory program in geology? (Please email me and I can send details to the 13-year-old in my life.)
Please come if you are in the neighborhood of the Midwestern USA. See:www.chicagoresourceexpo.com.
(Please see:Thom Calandra’s Stockhouse articles.)
Ticker Trax™
Please see tickertrax.comto learn more about this wealth service and its 11 Planetary Prospects. Also, see its breakout feature examinations of two Ghana gold prospectors. Subscribers, please click here for password-secure Ticker Trax.
HOLDINGS: Thom’s holdings are listed for all Stockhouse members on www.Stockhouse.com under the “portfolio setting” for user TCALANDRA. It is public and free to view. He and his family own recently minted gold and silver coins and shares of a number of public and two private companies. He and his family DO NOT own ETK or Sandspring Resources in any way, shape or form. Thom does not do private placements or accept payment in return for coverage. But you can buy him a cold beer in The Keys or a warm one in London. Thom participates in select company-sponsored and company-paid tours of mining sites. So there.
THOM CALANDRA of Ticker Traxhelps his audience find value in a quagmire of investment choices. Thom co-founded CBS MarketWatch andMarketWatch.com. As the voice of Thom Calandra's StockWatch and The Calandra Report, Thom pegged $300-ounce gold as a long-term hold.
Ticker Trax™ is published by Stockgroup Media Inc. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse/Stockgroup Media that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Copyright 2009 all rights reserved.