RE: bvgThe Gold Report Interview with Eric Coffin (08/04/2009)
"Another we're following that just started drilling and I wouldn't expect to see results for probably a month at least, is a company called Bravo Venture Group (TSX.V:BVG)(FRKFT:B6I). It's a very strong management group, very strong technical group. They're drilling a project called Homestake Ridge up in the Eskay Creek area in B.C. It's actually one where we got a good gain in the middle of the horror last year because they pulled some really amazing high-grade numbers out of it.
We think the odds of them getting to 1.5 or 2 million ounces are good. It has 900,000 ounces gold equivalent already and that does not include drill intercepts from last year's work and there is quite a bit of trend still to be tested. If they manage to grow it that much or more, it's likely they will also be putting out some more pretty spectacular drill holes. We think it's a good trading stock. I think at these prices its fine because it's fairly valued for the ounces they've got. Given the current pricing, it's got about a $50 million market cap, so it's basically priced to the ounces it has now, but we think there's room for the resource to get to be 50% or 100% larger. But, if that happens, it will happen because they're putting out holes that include some spectacular gold/silver intercepts. So far this summer, spectacular holes have led to some spectacular trading. We see no reason that shouldn't apply in Bravo's case as well."