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November 8, 2012

BMR Morning Market Musings…

Gold has traded in a range between $1,712 and $1,722 so far today…as of 7:30 am Pacific, the yellow metal is unchanged at $1,717…Silver is up 3 pennies at $31.87…Copper is flat at $3.45…Crude Oil is 26 cents higher at $84.70 a barrel while the U.S. Dollar Index is up slightly at 80.81 after touching the 81 level overnight which is the beginning of a major resistance band…

More Views On Gold Post-Election

Respected Gold analyst Jeff Nichols:  “With the election now behind us, the market’s short-term attention will re-focus on possible Federal Reserve policy initiatives that may be discussed or even initiated at the December 12th FOMC policy-setting meeting…there is already talk of further quantitative easing, expectations of which could soon become a strong up-side price driver…from a longer-term perspective, the Obama Administration will likely continue to endorse aggressive monetary stimulus as the only game in town to counter recessionary tendencies in the U.S. and global economy…moreover, when Chairman Bernanke’s term expires in 2014, President Obama is likely to appoint another monetary ‘dove’ to head the Fed”…

Updated Gold Chart

Gold has been volatile in recent days and briefly broke through the important $1,730 level yesterday, only to be driven back down…however, the chart is showing some renewed strength and the next several trading days should prove interesting…historically, November has been one of the most favorable months of the year for Gold prices and in fact has been the best performing month for Gold throughout this bull market over the last decade or so…below is an updated 6-month daily chart from John…

U.S. Trade Gap Narrows, Exports Up

The U.S. trade deficit narrowed in September as exports increased, suggesting the economy expanded more than previously believed in the third quarter…exports rose 3.1% in September, the biggest increase in more than a year despite a debt crisis in Europe that has weighed on the global economy…the seasonally adjusted monthly trade gap fell to $41.55 billion, the smallest deficit since December 2010, according to the Commerce Department…analysts were expecting the trade gap would widen to $45 billion…

ECB Keeps Interest Rates Unchanged

The European Central Bank expects the euro zone economy to continue to struggle, ECB President Mario Draghi said after the bank left interest rates unchanged this morning…“Economic activity in the euro area is expected to remain weak,” Mr. Draghi told his regular monthly news conference after the ECB held its main interest rate at 0.75%…he noted that recent economic surveys did not signal any improvement heading to the end of the year…highlighting weakness in the economy, German business confidence fell last month to its lowest since February, 2010, and euro zone manufacturing shrank for the 15th month running…Draghi reiterated the ECB’s view that inflation, which eased to an estimated 2.5% in October, would fall below 2% next year…the central bank targets inflation of close to but below 2%…

Today’s Markets

Asian markets were off sharply overnight, reacting to Wall Street’s case of nerves yesterday, but North American markets have stabilized this morning…as of 7:45 am Pacific, the Dow is up 9 points at 12941…the TSX is down slightly while the Venture has gained 8 points to 1299…another friendly takeover is giving the Venture a boost as Hochschild PLC is acquiring Andina Minerals Inc. (ADM, TSX) for 80 cents a share in cash ($103 million on a fully diluted basis) which represents a 106% premium to the 20-day weighted moving average price for ADMAndina’s flagship Volcan Gold Project in Chile has proven and probable mineral reserves (as of January 31, 2011) of 6.6 million ounces of Gold at an average grade of 0.726 grams per tonne Gold contained in 283 million tonnes of ore…

Impact Silver (IPT, TSX-V) Updated Chart

A Silver play we continue to like for the long haul is Impact Silver (IPT, TSX-V) which is focused on Mexico…the company currently operates four underground Silver mines in that country and is building two new mines (both on budget and on time) within its 600+ square kilometre land package…the stock is trading in the immediate vicinity of its rising 1,000-day moving average (SMA), an area where it has consistently found support since late 2010…so the “Big Picture” outlook is very positive…IPT’s immediate challenge is to climb back above its EMA-20 as John shows in the chart below…as of 7:30 am Pacific, IPT is off a penny at $1.31…


Richmont Mines (RIC, TSX)

Richmont Mines (RIC, TSX) came out this morning with third quarter earnings which were below expectations at just $300,000…the stock is off slightly in early trading…lower than anticipated grades pushed up cash costs at the Francoeur and Beaufor mines which affected the bottom line for Q3…the company, however, has working capital of $66 million, limited debt and no hedging contracts…RIC expects to produce 65,000 ounces of Gold this year and 85,000 to 95,000 in 2013…

Aurcana Corp. (AUN, TSX-V) Chart Update

Another Silver producer that shows excellent potential, and is trading within a very nice upsloping channel, is Aurcana Corporation (AUN, TSX-V)…when you see a chart like this, you can have confidence that the company is on the right track and Silver is headed higher…AUN is a penny higher at $1.10 as of 7:30 am Pacific

Richmont Mines (RIC, TSX)

Richmont Mines (RIC, TSX) came out this morning with third quarter earnings which were below expectations at just $300,000…the stock is off slightly in early trading…lower than anticipated grades pushed up cash costs at the Francoeur and Beaufor mines which affected the bottom line for Q3…the company, however, has working capital of $66 million, limited debt and no hedging contracts…RIC expects to produce 65,000 ounces of Gold this year and 85,000 to 95,000 in 2013…

Note: John, Jon and Terry do not hold positions in IPT, RIC or AUN.

46 Comments

  1. Jon u are becoming laughable. Gbb puts out nr with best hole to date and u say nothing!!!!?????

    Comment by Heath stockford — November 8, 2012 @ 7:38 am

  2. Heath, if you’ll notice, Morning Musings was posted at 10:30 am eastern while the GBB news didn’t hit the Stockwatch wire until 10:38 am eastern. I’m a lot of things but I’m not psychic. Great news and we’ll comment more on it tomorrow.

    Comment by Jon - BMR — November 8, 2012 @ 7:44 am

  3. They just released that news a little over an hour ago… I’m sure we’ll his updates on it tommorow.

    Comment by Punky — November 8, 2012 @ 7:46 am

  4. In response to your comment, Jon is located in British Columbia. They are 3 hours behind the Eastern Time Zone, so that new release would have come out at 6:40 a.m. PST. I am sure Jon had already written his “Morning Market Musings” at that point and will comment on it tomorrow.

    Comment by Steven — November 8, 2012 @ 7:46 am

  5. GBB 443.78 G/T AU OVER 1.0 METRE

    Comment by robert — November 8, 2012 @ 7:47 am

  6. Another day with no RBW news….hmmmm… you would think they would have results by now…

    I guess theodore has a horrible sixth sense lol…what do we think will close higher? CUI or RBW…im going with CUI on this one…..

    Comment by Avo — November 8, 2012 @ 8:19 am

  7. For that I apologize Jon!

    Comment by Heath stockford — November 8, 2012 @ 8:35 am

  8. RBW is doing a pp behind the scene’s in which is why you seen a new presentation

    all 15-holes coming out at once tells you that there not blockbuster plus all the delays in releasing these results

    Comment by robert — November 8, 2012 @ 9:05 am

  9. @Avo Yes. Seems to be a day without news. I believe in rbw. But it annoys me that they do not deliver what they have promised or said to people who have contacted them to get answers. Patience will win in the long run. But if you can not keep what you have promised, it is better not to say anything at all.

    Comment by Kalkan -Sweden — November 8, 2012 @ 9:14 am

  10. some kid just unloaded the 22,500 shares at market – which is why we’re down on such absurd volume. A couple of pennies here and there at this point doesn’t really concern me becuase we’re waiting for results – we swim or sink from here. A bunch of amateurs selling their joke positions isn’t going to make the difference.

    It of course pains us all to realize that RBW is just another venture play that hasn’t produce results it’s been hyped up to. This is why it’s on the criminal venture exchange and trades below the change you can find on the ground.

    Comment by alex — November 8, 2012 @ 10:18 am

  11. I emailed RBw ir last night. Was told all international assays are not back from lab. Company geologist is going over few they do have. So in other words could be another month or so. Translated into honesty means assays have been back for sometime now and are not good so we are waiting for some good news from other property to hype to do damage control. Hope I’m wrong!!

    Comment by Heath stockford — November 8, 2012 @ 10:28 am

  12. RBW….

    I’ve never had anal, but after this delay with news and the current performance, I may know what it feels like….

    Alex, keep your nonsense to yourself, your speculations about the venture exchange are not appreciated, and I will report you (that is if I don’t jump off a building first or go bankrupt)

    Jon, what is your take on the current trading with RBW? basically small time investors just getting worried and selling off their small holdings (in other words Alex). Jon, are you here, or are you on a plane with our money lol. I’m just kidding…..i’m holding this one….come on baby!! find me something good in the ground instead of David Johnsons contact lenses lol

    Terry, please post this, as there is nothing offensive here – I appreciate the site and Jon’s input… 🙂

    Comment by Avo — November 8, 2012 @ 10:57 am

  13. Hi Avo, my take is very simple: Markets are driven by fear and greed. You see great examples of this in our comments section – a lot of retail investors in particular allow emotion to get in the way of common sense, they’re not patient, and they’re “followers” – so bullishness can drive bullishness, and vice-versa, with any stock. My sense with RBW in terms of how it’s trading today and yesterday – it’s the herd mentality at work, and some people aren’t thinking things through very carefully. That’s how mistakes are made but that’s also what makes a market. Just my opinion.

    Comment by Jon - BMR — November 8, 2012 @ 11:10 am

  14. Gold Bullion releases results from 54 backlogged Granada drill holes with hole GR-11-310 returning 15.61 g/t Au over 29.23 metres including 443.78 g/t Au over 1.0 metre near surface
    VANCOUVER, Nov. 8, 2012 /CNW/ – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to announce the last set of results from the backlogged drill data at Gold Bullion’s Granada Gold Property. All the backlogged holes have now been logged and sampled.
    The inclusion of this drill data can only increase the quality of the resource classification and corresponding resource estimate size. This is the sixth press release announcing significant additional drill results since the first NI-43-101 was published last spring. The Company is confident that the ongoing release of significant drill results is a strong indication of an ever-increasing potential for a mineable resource.
    Results from the backlogged core continue to show intersections with grades indicating a low-grade, high-tonnage, open pit operation with the potential also for a high-grade underground mining scenario.
    The flagship Granada property is located on the prolific Cadillac trend in northwestern Quebec, just 5 km south of the city of Rouyn-Noranda with Osisko-controlled property bordering one side. With Quebec consistently ranking in the top five best places to mine globally, the jurisdiction is widely acknowledged as world class with a rich history of mining, featuring numerous economic gold deposits and operating gold mines. The advanced infrastructure around the Granada gold property will be utilized and is an advantage for the Company as plans unfold for mine development and gold production.
    The in situ measured resource is 97,700 ounces (3.02 million tonnes grading 1.01 g/t), indicated resource is 543,400 ounces (17.04 million tonnes grading 0.99 g/t), inferred resource is 846,600 ounces gold (23.93 million tonnes grading 1.10 g/t Au) using a cut-off grade of 0.40g/t. The Company also plans continued systematic drilling of the Granada gold deposit with some 80% of the property yet to be explored.
    The entire table of results is included and follows these highlights:
    Hole GR-11-310: 15.61 g/t Au over 29.23 metres from 15.0 metres to 44.23 metres including 88.97 g/t Au over 5.0 metres from 21.0 metres to 26.0 metres and including 443.78 g/t Au over 1.0 metre from 22.0 metres to 23.0 metres

    Hole GR-11-311: 2.49 g/t Au over 32.0 metres from 54.5metres to 86.5 metres including 9.44 g/t Au over 7.5 metres from 65.5 metres to 73.0 metres and including 0.74 g/t Au over 23.5 metres from 157.0 metres to 180.5 metres

    Hole GR-11-377: 0.62 g/t Au over 88.5 metres from 261.0 metres to 349.5 metres including 4 distinct intervals: 1.79 g/t Au over 6.0 metres from 261.0 metres to 267.0 metres and 3.56 g/t Au over 6.5 metres from 325.0 metres to 331.5 metres and 1.05 g/t Au over 4.5 metres from 345.0 metres to 349.5 metres and 3.72 g/t Au over 3.5 metres from 427.5 metres to 431.0 metres.

    Hole GR-11-384: 0.44 g/t Au over 42.0 metres from 309.0 metres to 351.0 metres and a deep interval of 18.25 g/t Au over 6.0 metres from 422.5 metres to 428.5 metres

    Comment by Arjan — November 8, 2012 @ 11:33 am

  15. Hole From (m) To (m) Length(m) Au g/t
    GR-11-241 283.00 289.00 6.00 2.25
    GR-11-242 93.50 207.20 113.70 0.50
    including 100.50 109.00 8.50 2.21
    including 176.90 181.00 4.10 4.04
    GR-11-246 243.00 283.50 40.50 0.47
    GR-11-251 NSI
    GR-11-253 127.50 139.50 12.00 1.60
    GR-11-254 NSI
    GR-11-257 165.50 211.50 46.00 2.25
    including 189.50 211.50 22.00 4.42
    including 312.00 323.50 11.50 0.41
    GR-11-261 23.50 31.75 8.25 0.52
    GR-11-261 223.50 258.00 34.50 0.31
    GR-11-262 NSI
    GR-11-263 NSI
    GR-11-264 347.00 353.00 6.00 3.31
    GR-11-270 NSI
    GR-11-285 13.25 30.70 17.45 0.88
    GR-11-288 NSI
    GR-11-299 18.50 97.00 78.50 0.54
    including 25.00 35.00 10.00 1.34
    including 80.00 97.00 17.00 1.14
    including 89.00 97.00 8.00 1.95
    GR-11-300 16.50 84.50 68.00 0.70
    including 16.50 28.50 12.00 0.89
    including 68.50 84.50 16.00 1.98
    GR-11-301 51.00 55.50 4.50 1.18
    GR-11-302 16.00 126.50 110.50 0.48
    including 16.00 83.50 67.50 0.68
    including 30.00 53.50 23.50 1.11
    including 46.00 53.50 7.50 2.47
    including 75.50 83.50 8.00 1.26
    GR-11-303 9.50 137.00 127.50 0.66
    including 9.50 43.00 33.50 1.77
    including 68.50 98.00 29.50 0.57
    including 87.00 98.00 11.00 0.83
    GR-11-304A 229.50 345.00 115.50 0.34
    including 229.50 240.00 10.50 0.60
    including 290.00 300.00 10.00 1.30
    including 316.50 326.00 9.50 0.64
    GR-11-305 11.00 20.00 9.00 0.52
    including 10.00 13.00 3.00 1.18
    GR-11-305 70.50 82.00 11.50 0.58
    GR-11-306 11.00 20.00 9.00 0.52
    GR-11-306 70.50 82.00 11.50 0.58
    including 76.50 82.00 5.50 0.60
    GR-11-307 61.00 79.50 18.50 0.36
    including 62.00 67.00 5.00 1.01
    GR-11-308 29.00 90.00 61.00 0.34
    including 29.00 33.50 4.50 3.11
    GR-11-309 12.50 91.50 79.00 0.89
    including 55.00 91.50 36.50 1.71
    including 60.50 85.00 24.50 2.26
    including 60.50 71.50 11.00 3.87
    including 77.00 85.00 8.00 1.54
    GR-11-309 154.50 165.00 10.50 0.82
    GR-11-310 15.00 44.23 29.23 15.61
    including 21.00 26.00 5.00 88.97
    including 22.00 23.00 1.00 443.78
    GR-11-311 54.50 86.50 32.00 2.49
    including 65.50 73.00 7.50 9.44
    GR-11-311 157.00 180.50 23.50 0.74
    including 157.00 169.00 12.00 1.17
    GR-11-312 27.58 38.50 10.92 0.70
    Including 27.58 30.50 2.92 1.65
    GR-11-312 84.00 87.00 3.00 1.50
    GR-11-313 3.30 51.95 48.65 0.37
    including 3.30 10.00 6.70 1.80
    GR-11-313 106.00 117.50 11.50 0.45
    GR-11-313 117.50 132.50 15.00 0.48
    GR-11-314 3.30 78.00 74.70 0.41
    including 61.00 78.00 17.00 1.10
    including 61.00 65.50 4.50 2.12
    and 25.50 29.50 4.00 0.74
    GR-11-315 66.50 109.50 43.00 0.32
    including 76.00 109.50 33.50 0.36
    including 76.00 89.00 13.00 0.55
    and 102.00 109.50 7.50 0.52
    GR-11-316 105.50 150.00 44.50 0.37
    including 105.50 122.00 16.50 0.68
    including 113.00 122.00 9.00 1.01
    GR-11-317 NSI
    GR-11-318 NSI
    GR-11-319 76.00 79.00 3.00 0.48
    GR-11-320 12.00 84.00 72.00 0.46
    including 32.00 44.50 12.50 1.84
    GR-11-321 94.50 101.00 6.50 0.97
    including 94.50 97.50 3.00 1.63
    GR-11-322 24.50 33.00 8.50 0.46
    GR-11-322 79.50 85.50 6.00 0.67
    GR-11-323 NSI
    GR-11-324 25.00 40.00 15.00 0.66
    including 34.50 39.00 4.50 1.74
    GR-11-325 NSI
    GR-11-326 4.50 93.50 89.00 0.65
    including 4.50 22.00 17.50 2.78
    including 11.40 15.50 4.10 11.16
    GR-11-324 95.85 99.00 3.15 0.70
    GR-11-328 12.50 47.00 34.50 0.78
    including 31.50 47.00 15.50 1.59
    GR-11-328 71.50 118.5 47.00 0.44
    including 114.50 118.5 4.00 3.20
    GR-11-329 16.50 19.50 3.00 1.21
    GR-11-329 45.90 48.00 2.10 1.08
    GR-11-334 75.50 80.50 5.00 0.88
    GR-11-334 105.50 121.50 16.00 0.50
    GR-11-341 205.50 235.50 30.00 0.44
    including 205.50 211.50 6.00 1.21
    including 205.50 216.00 10.50 1.01
    GR-11-345 91.50 140.00 48.50 0.50
    including 91.50 96.00 4.50 2.77
    GR-11-345 227.50 243.00 15.50 0.45
    GR-11-345 333.50 336.50 3.00 4.45
    GR-11-368 184.00 205.15 21.15 1.72
    including 201.00 205.15 4.15 7.89
    GR-11-369 156.00 211.00 55.00 0.41
    including 156.00 179.00 23.00 0.72
    including 157.00 167.00 10.00 1.19
    GR-11-377 261.00 349.50 88.50 0.62
    including 261.00 267.00 6.00 1.79
    including 325.00 331.50 6.50 3.56
    including 345.00 349.50 4.50 1.05
    GR-11-377 427.50 431.00 3.50 3.72
    GR-11-379 10.50 15.85 5.35 0.90
    GR-11-384 422.50 428.50 6.00 18.25
    GR-11-384 309.00 351.00 42.00 0.44
    GR-11-385 64.50 73.50 9.00 0.81
    GR-11-394 302.50 319.50 17.00 1.23
    including 302.50 307.00 4.50 3.28
    GR-11-394 516.00 519.00 3.00 2.58

    Comment by Arjan — November 8, 2012 @ 11:34 am

  16. jon ,im wondering if you could stop these stupid opinions like heath just had,how do we know what that email said,or if there even was an email,stupid opinions like that could start a panic ,in which (we) could start loseing money,and thats not the name of the game,rite,news is pending,but to say its comming in a month is bs,hope? maybe you should keep your guesses to yourself.on a lighter note ,jon ,havent seen his name of late on any of the news that rbw as put out thus far,but i take it jim decker is still with rbw??thx.

    Comment by tom — November 8, 2012 @ 11:34 am

  17. Core lengths are close to true thickness and uncut. Gold Bullion samples and assays all drill holes in their entirety due to the nature of the mineralization and to ensure even the lower grade mineralization is evaluated. In defining grade intervals, in some cases we have included up to 25 metre intervals of internal waste which are determined using the original assay data and the weighted grade cutoff of 0.25 g/t to 0.35 g/t depending on depth of intersection.
    Of the 54 holes reported here, 81.5% contained measurable gold with just 10 reporting back non-significant values.
    Accurassay Laboratory conducted the 50-gram fire assay testing at their facility in Ontario with blanks and standards inserted into the sequence in addition to Laboratory QA/QC.
    Frank Basa, Gold Bullion’s CEO, is very pleased about these infill drill results that concurrently increase the quality of the resource classification while supporting the exceptional potential of the property. The Company looks forward to releasing the updated NI-43-101 prior to year-end, 2012.
    Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.

    Comment by Arjan — November 8, 2012 @ 11:35 am

  18. it would be nice to get some RBW at 16.5 while we r down here. I agree with Jon that longterm RBW will perform but if you have an opportunity to sell at profit and get back in lower(ie 16.5-18) why the heck wouldnt you?

    Comment by db — November 8, 2012 @ 11:44 am

  19. Why would any of you idiots ask bmr or Jon for help look at whats happening to rbw enough said.Please dont ever listen to these clowns.

    Comment by Gerry — November 8, 2012 @ 12:15 pm

  20. Heath, the company,s Geologist is reviewing some of the assay’s the co has received although not all International assay’s are back due to the multiple
    mineral assay materials they were requesting the lab company to do.

    News is expected both this week and next week on “RBW” developments.

    Thank You,

    PIERRE ANGLOS

    Comment by Heath stockford — November 8, 2012 @ 12:22 pm

  21. jon, did it ever occur to you that RBW is not a sure thing? Your whole site seems to depend on it. Not every decline is due to just retail being scared. I think you must face reality and realize that there is better chance of RBW failing then succeeding.

    Comment by sean — November 8, 2012 @ 12:34 pm

  22. Don’t you guys see the pattern here?? Why do you buy/hold a crappy junior like RBW when there is real companies out there like AUN?? RBW is the same story as GBB. Before you were sitting here waiting for drill results from GBB, now you are waiting for the same with RBW. Don’t you ever learn?? Come on!

    Comment by Don — November 8, 2012 @ 12:46 pm

  23. well db its at 16 now so maybe you can get 15.5 lol

    Comment by pete — November 8, 2012 @ 12:47 pm

  24. rbw running out of week always sam4 story BLA BLA BLA

    Comment by brian — November 8, 2012 @ 1:08 pm

  25. thanks heath,thats alot more clear…

    Comment by tom — November 8, 2012 @ 1:10 pm

  26. News release on Stockwatch.

    Comment by John - BMR — November 8, 2012 @ 1:31 pm

  27. well theres our news on rbw ,i wonder if will please anyone,not assay results but sounds like more to come next week.hang in there folks…..

    Comment by tom — November 8, 2012 @ 1:35 pm

  28. The news release causes me to think of the cartoon of a horse with a stick attached to his head and a carrot on a string. Just a little farther…. we promise. Very unprofessional of this company to keep missing their own self imposed deadlines, but when you call IR and the person can’t even answer the phone acknowledging it is Rainbow you are calling,or that in fact you have called a business, what can one expect of the rest of the company? I am still hoping for good results, but these guys certainly fit the “venture company stereotype”

    Comment by Paul — November 8, 2012 @ 1:48 pm

  29. @don. Not sure what you are talking about comparing RBw with gbb. I think maybe you need to educate yourself before speaking publicaly. Gbb my friend has a 2nd re due out any day. 1.5m ounces already in first re. Prob double in 2nd!! Do you know what a 43101 is don?

    Comment by Heath stockford — November 8, 2012 @ 2:30 pm

  30. So email from ur tells me all assays aren’t back yet and nr is written to sound like they havnt received any????? Seems like two diff stories!! More fluff news to prolong the inevitable. Basically sounds like they have received most holes and they are not good so holding out for every last one in hopes one hits. These guys definitely are at home on the vulture.

    Comment by Heath stockford — November 8, 2012 @ 2:37 pm

  31. RBW… my poor sixth sense but I am still holding a good portfolio. Decision to get at least 300% remain unchanged. GBB – the news do not drive this stock as there are so many losers (we), and (we) are trying to dump at a higher price… say 13-14 cents. A lot of people were still holding stocks at 50-70 cents range. GQC… an adjustment will be in sight as it has gone up too rush with not a good turnover. Beware guys… $1 is high and a 20% adjustment can happen in any date.

    Comment by Theodore — November 8, 2012 @ 2:40 pm

  32. Heath, I think what you’re not understanding is that Moose Mountain is RBW’s geological consultant, so they are managing the program which also likely means they’re dealing directly with the lab and putting things together for Rainbow. A lot of companies have their own in-house geological teams but some don’t and Rainbow is one of them. You’ll notice that it was Moose Mountain that signed off as the QP on the release. Excellent early indications from Gold Viking and Jewel Ridge. We’ll comment in detail tomorrow morning.

    Comment by Jon - BMR — November 8, 2012 @ 2:56 pm

  33. Jon. I think what you are missing is that even if what u say is indeed the case I’m certain RBw management are in constant contact with moose mountain!! Therefore would already know the results.
    Jon I am do confident in what iv been saying bout results and what’s going in here thst ill wager you a bet. Looser publicaly bends down and kisses the winners azz!!!!! Whst do ya say skippy???

    Comment by Heath stockford — November 8, 2012 @ 4:41 pm

  34. Jon, What’s your take on the “New Deal” for CUI……seems like it may be getting into a more promising situation ! Larry J

    Comment by Larry J — November 8, 2012 @ 5:46 pm

  35. IMO, if the cores look that great at Gold Viking, then they should be sent rushed. That is what companies do when these things occur. Anybody know if they were sent rushed? RBW did say they were awaiting results. What is particularly interesting is 12 core holes were drilled over 2 different sections 1000 meters apart and intersected the same mineralization…if the results are good, we have a barn burner. Sounds like they expect gold in the cores. It would be nice to see more core photos over longer intervals. Also Jewel Ridge core photos would be nice as well as both holes drilled there intersected intense alteration throughout.

    Comment by Dan — November 8, 2012 @ 5:48 pm

  36. Even if the International results are not stellar, I can wait because I think we have a hit at Gold Viking. Can’t wait to see the results of the Gold Viking Cores. Icing on the cake with Jewel Ridge. It’s all good folks. The drill and assays are the truth machine but this looks exciting!

    Comment by Dan — November 8, 2012 @ 6:00 pm

  37. Heath, I think everyone needs to be careful about making any assumptions regarding timing of the International assays and I’ll explain why with a couple of excellent examples (I’m not suggesting this will happen with RBW, but the point is that impatience can inflict a lot of damage to an investor’s portfolio or cause an investor to lose out on potential huge gains). I’m sure some of our BMR readers remember the situation with Seafield back in 2010. They started drilling Miraflores sometime in the late spring. Assay results were supposed to be out by August. Well, they didn’t arrive by August, or by September, October or even November. At BMR, Seafield was the first stock we uncovered for our readers when it was trading at a nickel, and we chose it for a number of reasons including their push into Colombia. We stood by Seafield through that period in the fall of 2010, and took a lot of heat from some of our readers. They were some very insulting comments, actually, directed at both Seafield and BMR. The assumption of many was that Seafield had lousy numbers and the Colombian deal was going to go bust. Well, of course that’s not what happened as in early December of 2010, Seafield reported a monster hole and in a SINGLE DAY went from the 20’s to 75 cents on 100 million shares traded. Some of our readers scored big. But many others missed out simply because they sold too soon out of fear or impatience or because they read something from a negative poster. Why it took so long for SFF to get the results out, I don’t know. But those who bailed on the play were kicking themselves on that 100 million share day. A good second example is Gold Bullion. GBB started a Phase 2 drill program in May of 2010 and Frank Basa said initial results would come by mid-June. The stock ran up to about 70 cents. Then there were delays in getting those results out, and some investors assumed the results were bad. In just a few days the stock tanked from 70 cents to the low 40’s. Assays came out a couple weeks later, they were good, and the stock eventually went to 90 cents+ by the end of the year. At various stages along the way, results took longer than expected but when they finally came out, they were good. In the current case of RBW, in the middle of October the company stated it expected to receive assays within 2 or 3 weeks, and interestingly the end of that window was yesterday when some folks here started having a panic attack. By the way, RBW didn’t state Oct. 15 that they expected to REPORT results by the end of the first week of November – only that they were expecting to RECEIVE results. There is a difference but it seems some people didn’t figure that out and were led to panic. Of course from the point of actually receiving drilling results, it can take a company several days at least to actually put out news. So as far as I’m concerned, they are very close to the guidance they provided. A delay of several days or a week could have been brought on by what seems to be developing at Gold Viking, and by the drill program at Nevada. Moose Mountain was running 2 RBW drill programs concurrently. So everyone needs to take a deep breath and relax. The results could be great or not so great, but don’t jump to conclusions because of a very minor delay. And if they told Moose Mountain from the beginning to wait until all assays were in, and all information was available, there’s nothing unusual or wrong with that. It’s time for some good Canadian common sense here. Some people set off a bit of a panic today but that’s how bargains are picked up.

    Comment by Jon - BMR — November 8, 2012 @ 6:35 pm

  38. Jon what you are saying makes sense. What I am saying also makes sense and has happened several times with these venture companies. I have not sold. I will wait it out. No panic, just hope RBw management is diff than most. If international diesnt deliver you can be sure we will all be bag holders for at least a few months waiting in Viking assays

    Comment by Heath stockford — November 8, 2012 @ 7:03 pm

  39. @BMR – Jon – excellent comments. I am looking at RBW which resembled SFF months ago …we need patience and that is why my sixth sense was not good but I am not surprised to see this one doubled… triple … I will be relaxing and enjoy sunshine next week and that is why my sixth sense forecast is for two weeks!

    Comment by Theodore — November 8, 2012 @ 7:04 pm

  40. Jon. Also I expect a decent write up on gbb tomorrow morning. Ill accept nothing less. Great nr today. Since sgs has taking over things have progressed smoothly. 2nd re will be stellar I’m sure u will agree. That should be out this month. We could also see pea and some sort of milling nr to avoid much more dilution. Thst will be game changer. So next few months for gbb should be exciting if of course the venture will cooperate

    Comment by Heath stockford — November 8, 2012 @ 7:07 pm

  41. But what if Jon is unable to do a decent write up on both RBW and GBB on such short notice? My money is on RBW. This news release has done for me what Obama did for Chris Matthews a few years ago…a thrill up my leg

    Comment by Rick — November 8, 2012 @ 7:48 pm

  42. I agree with Heath regarding the GBB news. Could not believe it ended the day unchanged at 11.5 cents. What does the market want? Who is selling? I clearly don’t understand this market. Next stop Canada Savings Bonds.

    Comment by Mike — November 8, 2012 @ 9:03 pm

  43. Hello Jon, Any comments, news update on GBB to expect from you? Like you did in the far past when it was still your adored baby. To me they had and still have very good results. Lately management does a good job with regular news releases. But your not commenting big on it anymore. Shame on you to let someone fall that easy. Have a good weekend anyway.

    Comment by Arjan — November 8, 2012 @ 11:30 pm

  44. We’ve made it abundantly clear that we still view the Granada Property very highly. However, any reasonable person would have to agree that GBB had some serious missteps in 2011 in terms of advancing the property, and that was a management issue. This led to GBB having to carry out a series of very dilutive financings. So to say the “shame is on me to let someone fall that easy” is very strange indeed. Management made some critical mistakes, as simple as that. When they prove that they really have things back on track, we’ll get a lot more excited again. We wish Frank and GBB the best of luck and I’m rooting for good things to happen as much as you are.

    Comment by Jon - BMR — November 8, 2012 @ 11:45 pm

  45. amazing how many people depend on BMR to show them the light

    Comment by sean — November 9, 2012 @ 12:42 am

  46. Just because your not in the dark don’t mean the rest of us aren’t.

    Comment by Rick — November 9, 2012 @ 4:27 pm

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