Int'l Speculator says buy Gold Bullion

2011-04-28 19:58 ET - In the News

The International Speculator in its April 6, 2011, issue, says buy Quebec explorer Gold Bullion Development Corp. at 45.5 cents, officially, "Buy if you dare." This is the newsletter's first buy of the stock. The writer says Gold Bullion is undervalued. The company is exploring the same mineralization type and geological setting as Osisko Mining Corp.'s ($13.47) Canadian Malartic project in the Abitibi region. The qualifying person and geologist in "leading the charge on the ground" at the Granada area of interest is geologist Nicole Rioux. Subscribers may be comforted to know that Casey Research "senior metals analyst" and editor Louis James spent some time with her going over the project and she impressed him as being "very solid" and "the quality of the work as we saw it being done seemed top notch." Gold Bullion has published a non-43-101-compliant preliminary block model that makes a conceptual case for 2.4 million to 2.6 million ounces of gold grading 1.4 grams per tonne, a significantly higher grade than Canadian Malartic. The company expects to release a 43-101-compliant estimate this summer. With everyone looking for the next Osisko, this could become a hot area play, he adds.