BMR updateGold Bullion Development (GBB, TSX-V) has been better than a 10-bagger for BMR readers who piled in on this stock at 7 and 8 cents a year ago and have held on (if you missed that one, we suggest you do some due diligence on CQX if you haven’t already). But even at 82 cents (today’s close) and a market cap of approximately $120 million, Gold Bullion still has immense upside potential. One only has to look at what Osisko (OSK, TSX) has done thanks to its 10 million+ ounce Canadian Malartic deposit just 65 kilometres east of Granada. GBB’s LONG Bars Zone has gotten longer and wider over the second half of this year and we expect that trend to continue in 2011. There is a vast amount of land still left to explore at Granada. GENIVAR is finding lots of branches and it’s just a matter of time, in our view, before they discover the trunk. GBB’s chart is nothing short of incredible and should put everyone on notice that 2011 could be even more exciting for this company. John takes an updated look at the near-term possibilities for GBB in the chart below.
