Lundin says buy Bravo on weakness

2009-01-09 20:12 ET - In the News

Brien Lundin, in the January, 2009, edition of the Gold Newsletter, says buy Bravo Venture Group Inc., recently 55 cents. Mr. Lundin said buy Bravo in March, 2005, at 32 cents, and in August, 2005, at 45 cents. He then said take some profits (sell half, perhaps) in February, 2006, at $1.37. Assuming a $1,000 investment for each of the two buys, selling half at $1.37 would have yielded a profit of $2,570. He said buy three more times between September, 2006, and April, 2008, at prices ranging from 39 cents to $1.15. Assuming a $1,000 investment for each of the three new buys, and taking into account the remaining $1,000 investment after the previous half sale, the total $4,000 investment is now worth just $3,626.

The goldbug touts the company's "eye-popping" drill result from hole 120 at its Homestake Ridge in British Columbia -- 69.7 metres of 6.1 grams per tonne gold and 15.3 g/t silver. Bravo also drilled 14.2 metres of 8.5 g/t Au and 6.3 g/t Ag. Mr. Lundin notes that some of the highest-grade portions of the project's Main Homestake zone "remain open to the northwest."

Since the project's inferred resources were recently 903,321 ounces of gold and 5,745,746 ounces of silver, the new high-grade zones will "catapult Homestake Ridge into economic viability."