Lundin says "Buy Bravo"Lundin says buy Bravo, anticipating big Cortez find
2005-09-07 20:17 ET - In the News
In the August, 2005, edition of the Gold Newsletter, Brien Lundin says buy Bravo Venture Group Inc. because any major discovery in the company's 10 projects along Nevada's Cortez trend could triple the share price. Mr. Lundin said buy Bravo, now trading at 45 cents, at 32 cents in March, 2005. An investment of $1,000 would now be worth $1,370.70. The company has been gushing with news lately, says Mr. Lundin, from its $1-million private placement to its Roberts Mountains area play. The company raised $1-million by selling 2.86 million shares at 35 cents to finance its drilling program at the Homestake Ridge project in British Columbia. That project sits along the same structural corridor that hosts Barrick Gold Corp.'s Eskay Creek. Homestake Ridge is just a sideshow for the market, however, as it eyes the company's stable of projects on the Cortez trend. As Mr. Lundin is happy to remind his readers, Placer Dome Inc. has committed to joint ventures on four of Bravo's projects there. Bravo's discovery of a gold-bearing section on the Roberts Mountains formation helped spark this commitment, as well as a small area play. This is because other Roberts Mountains formation-type deposits hold over 30 million ounces of reserves and historical production.