http://www.investorideas.com/news/2011/article/02281.asp

Extract:

VR: Sure, I'll give you two. One is a Colombia-based junior gold explorer called Seafield Resources Ltd. (TSX.V:SFF). We initiated coverage in November 2010. The interesting thing about Seafield is that it's the largest landholder in the upcoming gold exploration belt called Quinchia District. Its Quinchia gold-copper project is within the Mid Cauca porphyry corridor, the site of a number of large new open-pit gold discoveries. There is an up-and-coming gold belt there with several very promising companies in that region, including Medoro Resources Ltd. (TSX.V:MRS). And Seafield has a land package that is kind of in the same neighborhood. Quinchia is becoming increasingly important. Last month, Seafield announced a major intercept of 449 meters of 1.3 g/t on the Miraflores target. That's like half a kilometer of 1.3 g/t, which is fairly good grade.

TGR: Is that true width?

VR: Actually, the intersection was 449 meters of 1.3 g/t. Obviously, it included some sections that were very high grade but the average grade was 1.3 g/t. Just last week, Seafield announced some follow-up drill results from other holes on the same target and, again, very encouraging results. That is just one of the targets; it has several others on the property and already has an NI 43-101-compliant resource of close to 800,000 oz. (800 Koz.) Based on the recent drill results, we believe there could be a multimillion-ounce deposit at various targets on this property. Seafield trades at a very low level versus its peers, but we think that will change as the company expands its resource base and moves further along the exploration curve.

TGR: What's your model price on Seafield?

VR: For Seafield, our model price is $0.79; but based on the recent drill results and the other things that have happened in the last few months, we may come out with an updated model. It's currently trading around $0.45.