Bellhaven Copper and Gold (TSX: V.BHV, Stock Forum), which has projects in Panama and Colombia, rallied sharply this week. Shares were up 16% to 21 cents at last check.
The Vancouver-based exploration company has been the subject of recent Stockhouse coverage by Thom Calandra. On Friday, Mr. Calandra wrote that Bellhaven’s CEO Julio Benedetti looked “to cobble a number of standalone operating mines under the Bellhaven umbrella.”
In Panama, it has control over the Cerro Quema gold project, which has 451,000 ounces measure and indicated, as well as two other prospective precious metals concessions. In Colombia, Bellhaven has the Gomez Plata concession in the Antioquia district.
Posters to the company’s Bullboard took notice as well. Pullsee7 referred to coverage of Bellhaven in Thom Calandra’s Ticker Trax newsletter: “my first visit after the Ticker Trax guy, Thom brought the Bellhaven name in his market letter. He says he's not declaring this as a huge buy yet, but some developments could triple the mkt cap of this stock. Its not clear to me whether that means 60 cents, or 30 cents price (stock was around 10 cents not long ago.”
Mario249 was another fan. “hi there i get the same letter when some one comes out and says a 300% gain in the next few months i just buy right a way you know right a way there will be a bounce up that what happened to cmj i got in at .55 sold and bpoght about three times now it's a great trader so far good luck to us.”