Smart Investment - mexicomike.ca

[club19]

What money in the bank can allow you to do !!!!!


B2Gold Corp. Announces Option Agreement on the Cebollati Gold Property, Uruguay and Positive Initial Trench Results
08:14 EDT Thursday, September 02, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) - B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF) ("B2Gold" or the "Company"), is pleased to announce that it has reached an agreement with Weeping Apple S.A. ("Weeping Apple"), a private Uruguayan company, to option the Cebollati gold property located in Uruguay.

The Cebollati property consists of ten claims totaling 34,200.07 hectares ("ha") located in the Department of Lavalleja, 180 kilometres ("km") northeast of Montevideo in southern Uruguay. The claims comprise one exploration license totaling 163.06 ha, one prospection license totaling 558.24 ha and eight prospection applications totaling 33,478.77 ha. It has excellent paved road access approximately eight km from a highway in rolling farm country.

Under the terms of the option agreement, B2Gold will earn an 80% interest in the Cebollati property by paying US$1 million in stages by January 31, 2012 and funding all exploration work through feasibility. Additional obligations include the completion of a feasibility study, a per ounce gold payment and a Net Smelter Return for additional production.

Cebollati is an exciting early-stage gold prospect located in an under-explored geologically favourable belt. Cebollati lies within the Dom Feliciano Fold and Thrust belt, a 250 km by 50 km north northeast trending belt of deformed Proterozoic sediments. There is very little gold or base metal exploration activity or production recorded from this region in southern Uruguay.

Work to date on the Cebollati property consists of mapping, rock and soil geochemistry, airborne magnetics and ongoing trenching. The property is underlain by marbles, sericite schist and phylite which are intruded by late unmetamorphosed mafic dikes. Precious metal mineralization consists of replacement style mineralization within silicified and dolomotized metasediments and is associated with iron-oxides (hematite and jarosite) and copper oxides.

B2Gold is currently undertaking a systematic mechanical trenching program with the goal to outline the continuity and controls on the widespread surface gold-silver mineralization. Two trenches in the northern Windmill zone returned impressive gold values up to 2.03 grams per tonne ("g/t") gold and 6.08 parts per million ("ppm") silver over 108.6 metres ("m") and 2.01 g/t gold and 2.77 ppm silver over 27.5 m. In addition two trenches completed in the southern zone 500 m to the south returned encouraging gold values including 1.02 g/t gold and 1.39 ppm silver over 24.0 m. Orientation of the mineralized zones is uncertain at this time and further trenching will outline controls and orientation.


Cebollati - Trench Sampling Results
--------------------------------------------------------------------
Metres Gold Silver
Location Trench # From To (m) (g/t) (ppm)
--------------------------------------------------------------------
Windmill 450E 0 108.6 108.6 2.03 6.08
--------------------------------------------------------------------
Windmill Incl. 61.0 3.02 8.82
--------------------------------------------------------------------
Windmill Incl. 21.2 4.08 16.93
--------------------------------------------------------------------
Windmill 2.235N 0 27.5 27.5 2.01 2.77
--------------------------------------------------------------------
Southern 275E 0 134.0 134.0 0.51 1.22
--------------------------------------------------------------------
Southern Incl. 24.0 1.02 1.39
--------------------------------------------------------------------
Southern Incl. 7.0 2.39 8.87
--------------------------------------------------------------------


Trenching is following up impressive gold and silver rock and soil geochemistry, carried out by B2Gold, outlined over a large area in the central part of the property. Rock chip and grab sampling has returned widespread plus 1 g/t gold values from limited exposure over a 1.8 km by 550 m area that encompasses the Windmill and Southern zones. The mineralization is open under cover to the north and south of the currently sampled area. The average gold value of the 207 surface rock samples collected to date is 18.0 g/t gold with 102 samples (49%) containing greater than 1 g/t gold, 65 samples (31%) analyzing greater than 10 g/t gold. with a high value of 405 g/t gold in a grab sample. Rock chip results include 6.67 g/t gold over 2.6 m, 47.35 g/t gold over 1.5 m and 58.88 g/t gold over 0.75 m. Silver rock values are coincident with gold with the average value being 55.5 g/t silver and a high value of 1,286 g/t silver. The coincident gold-silver soil geochemistry anomaly is more than 1,200 m long by 620 m wide and averages 160 parts per billion gold and 124 g/t silver in 297 soil samples. Large areas within the gold-silver anomaly do not contain outcrop with only silicified and vein zones locally exposed.

Trenching continues and based on additional successful results from the program, an initial 3,000 m diamond drill program will be carried out in late 2010 or early 2011 with the purpose of determining the existence of possible bulk-tonnage gold deposits. The geological setting and widespread surface gold-silver mineralization shown at Cebollati confirm the bulk-mineable gold potential of this early-stage property.

The exploration programs are reviewed and the results approved by Tom Garagan, B2Gold's Qualified Person under National Instrument 43-101. The programs utilize extensive QA/QC (quality assurance and quality control) protocols for assaying and sample handling that consist of the systematic insertion of blanks, standards and duplicates as well as using a secondary laboratory for regular check assaying.

ON BEHALF OF B2GOLD CORP.

Tom Garagan, Senior Vice President of Exploration

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

B2Gold Corp.
Ian MacLean
Vice President, Investor Relations
604-681-8371

[club19]

Transaction completed with Kinross....
Clive Johnson continues to milk the Kupol discovery ...33 million immediately , 15 million per every million ounces of gold plus 1.5% NSR


[b]Quick history

B2Gold is a Vancouver based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia and Costa Rica.

[color=darkblue][size=18]B2Gold was founded as a private company in 2007 by the former executive and management team of Bema Gold Corporation. Bema grew from a junior explorer to an international gold producer that was acquired by Kinross Gold Corporation through a Cdn$3.5 billion transaction in February 2007.

In addition to its near term production growth profile, B2Gold's corporate objective is to continue to build further shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years. B2Gold trades on the Toronto Stock Exchange under the symbol "BTO".[/size][/color]

[/b]

B2Gold to List on the OTCQX
08:25 EDT Wednesday, September 01, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF) ("B2Gold" or the "Company"), is pleased to announce that the Company has commenced trading on the OTCQX under the symbol BGLPF. The OTCQX is the U.S. Over the Counter (OTC) market's highest tier where companies are distinguished from the thousands of other companies trading on the U.S. OTC market. Over 110 companies with a total market capitalization surpassing US$750 billion, including several of the world's largest companies by market capitalization, are currently trading on the OTCQX.

In addition, B2Gold is pleased to announce that the transaction announced on July 22, 2010 with regards to the sale of the Company's interest in the Kupol East and West Licenses has closed. Kinross Gold Corporation ("Kinross") has made an upfront payment of US$33 million to B2Gold and will make contingent payments of US$15 million for each incremental million ounces of gold of National Instrument 43-101 compliant proven and probable reserves contained by the Kupol East and West License areas, up to a maximum of nine million ounces of gold (100% basis).

B2Gold will also receive payments equal to 1.5% of Net Smelter Returns from the commencement of production from the area covered by the Kupol East and West Licenses, subject to a right for Kinross to repurchase the royalty for US$30 million.

About B2Gold

B2Gold is a Vancouver based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia and Costa Rica.

B2Gold was founded as a private company in 2007 by the former executive and management team of Bema Gold Corporation. Bema grew from a junior explorer to an international gold producer that was acquired by Kinross Gold Corporation through a Cdn$3.5 billion transaction in February 2007.

In addition to its near term production growth profile, B2Gold's corporate objective is to continue to build further shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years. B2Gold trades on the Toronto Stock Exchange under the symbol "BTO".

ON BEHALF OF B2GOLD CORP.

Clive T. Johnson, President and Chief Executive Officer

For more information on B2Gold please visit the Company web site at www.b2gold.com.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

B2Gold Corp.
Ian MacLean
Vice President, Investor Relations
604-681-8371

[club19]

I expected BTO to retrace somewhat today...Obviously I was gladly wrong but wasn't able to buy as I had a bid in at 1.80 then 1.86

[steelpiston71]

Nice stair step to the chart, a bit overbought at the moment, but that can last for a while.

I think I'll hold onto my shares for a bit.

[club19]

Gaining traction
B2Gold gaining another 12 cents today...almost hitting yearly high.
I expect it to reach its altime high in 2008 when all PM stocks took a thrashing

[club19]

Great volume and good close at 1.75
Over 3 million shares traded on the ascent.
Bodes well for the near term.

[club19]

Latest NR on b2gold Anglo gold and b2gold



Great volume and sp appreciation today...


B2Gold and AngloGold Reach Agreement to Recommence Exploration and Feasibility Work on Gramalote Project, Colombia
08:32 EDT Thursday, August 12, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2010) - B2Gold Corp. (TSX:BTO) ("B2Gold" or the "Company"), is pleased to announce that the Company and AngloGold Ashanti Limited ("AngloGold") have reached an agreement amending the Gramalote Joint Venture Agreement. As part of this amendment, the companies have agreed to a budget for the Gramalote Project, for the second half of 2010 totaling US$9.18 million. This budget will fund 10,000 metres of diamond drilling for the exploration of additional targets on the property, infill drilling of the Gramalote deposit and drilling for metallurgical test samples. In addition, the budget will fund feasibility work including additional environmental studies, metallurgical test work and engineering. The joint venture will continue work on safety, health and environmental projects and will continue to work with government and local communities on social programs.

The two companies plan to continue the exploration and feasibility work into 2011 and 2012, with the goal of completing a final feasibility study by the end of 2012. A further program and budget for exploration and feasibility in 2011 is to be approved by the end of November, 2010.

Under the amended terms, AngloGold will retain its 51% interest and will become manager of the joint venture project. B2Gold will retain a 49% interest and have equal representation on the joint venture management committee which will unanimously agree each annual program and budget for Gramalote exploration and development. Each joint venture partner will fund their share of expenditures pro rata.

Clive Johnson, President and CEO of B2Gold commented, "We are pleased to have reached this agreement with AngloGold to advance the Gramalote Project. We believe the Gramalote property is a significant asset for the Company. It clearly has the potential to be an economically viable open pit gold mine, and through exploration of high value targets the resources could increase significantly. We look forward to working with AngloGold's experienced team to advance the Gramalote Project."

B2Gold and AngloGold have also agreed to modify certain previously granted rights and restrictions regarding AngloGold's holding of shares of B2Gold. AngloGold will continue to have a pre-emptive right to subscribe on a pro rata basis for new offerings of shares of B2Gold so as to maintain its percentage (currently 10.2%) holding of B2Gold's outstanding shares. AngloGold has agreed to reinstate certain standstill provisions that limit its ability to acquire additional shares of B2Gold or otherwise seek to acquire control of B2Gold alone or jointly with others and to provide B2Gold with a first opportunity to seek purchasers for AngloGold's shares of B2Gold if AngloGold determines to sell its shareholding.

The Gramalote property is located 230 kilometres ("km") northwest of Bogota and 80 km northeast of Medellin in central Colombia. In 2008, B2Gold completed over 22,000 metres of diamond drilling on the Gramalote Ridge Zone. This drilling combined with AngloGold's previous drilling programs in 2007 totaling over 12,000 metres has outlined a National Instrument 43-101 compliant inferred mineral resource estimate for the Gramalote Ridge Zone of 74.375 million tonnes grading 1.00 g/t gold for a total of 2.39 million troy ounces of gold at a 0.5 g/t cut-off and within a $1,000 per ounce gold optimized Whittle pit (Technical Report Gramalote Property dated February 27, 2009 and the update report dated June 12, 2008). The Gramalote Ridge Zone remains open to the east and west.

Tom Garagan, Senior Vice President of Exploration for B2Gold Corp. has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.

ON BEHALF OF B2GOLD CORP.

Clive T. Johnson, President and Chief Executive Officer

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

B2Gold Corp.
Ian MacLean
Vice President, Investor Relations
604-681-8371

[club19]

You really have to like the Accumulation that is taking place from 1.62 to 1.68

200 k order just pased at 1.65..

Bodes well IMO for the short term share price foing forward.

TD calls 2.60 target for 2010.

[club19]

Time to Accumulate metals and mining stocks-UBS




http://www.mineweb.co.za/minew.....pid=102055


UBS says thermal coal, copper, zinc and gold are the commodities to watch. But, warns investors to take their time accumulating assets

Author: Dorothy Kosich
Posted: Monday , 26 Jul 2010

RENO, NV -

UBS Investment Research advises investors to accumulate metals and mining stocks, but also to take their time accumulating, "using the inherent volatility of the market to maximize the risk/reward of their investment."

Analysts Julien Garran, Tom Price and Edel Tully said, "Our preferred commodities over the short- to medium-term are thermal coal, copper, zinc and gold. We still like copper and met-coal longer-term."

UBS' top equity picks include BHP Billiton, Rio Tinto, Teck Resources, Sterlite, Newmont, Barrick, Alumina Ltd., Riversdale, Consol Energy and Andro Energy.

Positive View on Gold

"We believe that ongoing pressure on sovereign debt markets, combined with persistent concerns over private sector credit contraction will raise the spectre of debt monetization repeatedly over the next few years," the analysts advised. "We expect that this background will remain very supportive for gold prices over the period, and that informs our above consensus gold price outlook and our inclusion of two gold stocks in our top ten picks..."

In their analysis, the analysts said they believe gold's spotlight will return to focus on European sovereign debt burdens and beyond.

"The fear of further debasement of fiat currencies follows closely," they said. "And in turn we expect the fear trade-very apparent through heightened physical demand for small bars and coins and rising ETF creations-will escalate in H2 2010 and into 2011."

UBS also noted 2010 will be a significant year for official gold sector activity. "While this supply source sold just 41 tonnes net last year, we expect central banks will move from the supply side of the gold fundamental equation to the demand side in 2010."

"Based on current available information, the official sector is very much on track to become net consumers of gold this year," the analysts said. "But in aggregate, we do not expect official sector sales will be voluminous this year; nonetheless this factor provides a very supportive element to the market over the medium term."

In their analysis, UBS noted, "A new trend in 2010 is the movement towards fully allocated physical gold. In H2 and 2011, we expect this type of gold exposure will deepen as new and existing investors diversify a portion of their gold reserves to purely allocated form. Quite simply, such customers are limiting their weight of paper gold exposure. In essence, this is diversification within diversification."

Meanwhile, UBS is upgrading its gold price forecasts across all time horizons. They estimate gold will average $1205 per ounce this year, up from the previously forecast price of $1129/oz. For 2011, UBS gas raised its forecast from $1250 to $1295. The long-term nominal and real gold price has been raised by 13% each to $1060 and $934 respectively.

Silver-Poor Man's Gold Potential

With their expectation that gold will continue to perform strongly this year, UBS is also positive towards silver.

"Like platinum and palladium, silver is exposed to the possible headwinds of a risk adverse environment but we see potential for silver to gain in the role as ‘poor man's gold' or the cheaper alternative to the primary safe haven asset," the analysts said.

"Provided demand for safe haven assets remains heightened, silver stands to benefit. This factor, rather than the metals supply and demand backdrop, should act as silver's primary price determinant."

UBS silver price forecast for 2010 is $18.32 per ounce, up from $17.74 previously. The 2011 estimate of $19.5o is unchanged. Long-term nominal and real price forecasts are now 5-6% higher at $15.04 and $13.25 respectively.

Platinum-Fundamentally Aligned

This year has been a rollercoaster ride for both platinum and palladium, according to UBS.

Nevertheless, following the recent price pullback, "we believe platinum and palladium are now trading much closer to their fundamental values than any other period this year."

UBS lowered its 2010 platinum forecast marginally from $1625/oz to $1,600/oz. "We also estimated a 77 koz surplus this year," the analysts said.

The 2011 forecast now sits at $1700/oz, an increase of $43 per ounce. Long-term nominal and real prices have been revised by 7% to $2069 and $1823.

UBS analysts are more enthusiastic for palladium over platinum for the remainder of this year and are forecasting a 74 koz palladium deficit.

They predicted that palladium will average $470/oz this year, a one percent increase over UBS' previous forecast. The 2011 forecast rises to $525/oz, $35 higher than previously predicted. The long-term forecasts are unchanged.

BASE METALS

Copper-Beyond the Restock

UBS called western world copper demand growth in the first half of this year "spectacular."

With a 400kt deficit in copper this year, UBS now anticipates "a moderate pace of demand growth in the West, solid further improvements in offtake from China and the rest of the emerging markets will support demand growth of 5.5% over the 2010-15 period."

The analysts forecast an average global copper price of $3.20 per pound or US$7,000 per metric ton for a 35% year on year lift.

"We forecast copper prices top lift to US$3.50/lb by mid-2011 ($3.45/lb avg for 2011) as stability in global economic activity improves, supporting trade slows."

The long-term copper price forecast declines to $2.30/lb ($7,272/t).

Nickel-Mostly Supply-side Constraints

UBS forecasts a deficit of 32kt of nickel this year, returning to balance next year, with surpluses from 2012.

The analysts predict an average global nickel price this year of $9.25 per pound or $20,400t, a 39% increase year-on-year.

"Beyond 2010, our forecasts are unchanged; we expect nickel's price to slip to US$9.30/lb in 2011, as Sudbury comes back online; 60ktpa Goro's expansion continues; and NPI production capacity in China lifts further."

Zinc-Lots of Inventory but Need More Mines

In their analysis, UBS noted, "China's robust concentrate imports, coupled with struggling global mine supply, are two emerging themes for the zinc market-presenting upside price risk over the medium-term (2-3 years). But short-term the market's entirely focused on high LME inventory levels, which now weigh heavily on the metal's price."

Zinc fundamentals have global refined metal demand out to 2015 with 5.4% to 6.5% annual growth, from 12.1 Mt in 2010 to 16.1Mt in 2015. UBS forecasts deficits of 120kt to 320kt/year until 2015.

UBS current forecast a 23% year-to-year increase in the average global zinc price of 93-cents per pound (US$2,050/t) this year with zinc's price expected to hit more than $1.10/lb by 2012, as China becomes more dependent on zinc imports, and as under-funded western supply struggles.

Long-term zinc price is forecast to decline beyond 2012 to 75-cents/lb.

[club19]

Latest NR on B2Gold on trenching in Pavon Norte This joint venture seems to be progressing well.

I believe Clive Johnson is attempting to do with B2gold tha same he did with Bema.
With the recent 33 million sale agreement with kinross, financing is not an issue for way down the road.



B2Gold Updates Radius on Trebol and Pavon gold projects: Cuts 7.2 g/t Au over 22.5m at Pavon
7/28/2010 1:01 PM - Canada NewsWire

VANCOUVER, Jul 28, 2010 (Canada NewsWire via COMTEX News Network) --
RadiusGold Inc. (TSX-V: RDU) is pleased to report that B2Gold ("B2") hasprovided an update on exploration activities at the Trebol and Pavongold projects, both in Nicaragua. Exploration at both projects isyielding very positive results and Radius is highly encouraged by B2'sprogress.

Pavon

B2 has made good progress at the Pavonproject in central Nicaragua, although work has slowed somewhat with theonset of the rainy season. Another geologist has been assigned to theproject in order to speed up progress. Recent trenching has focused onthe Pavon Norte vein and highlights of the results from these trenchesare shown below.

<<
Trench Length (m) Au (g/t)

TRP-10-022 22.5 7.2
incl 4.6 18.6

TRP-10-023 5.2 9.4
incl 4.2 11.0

TRP-10-024 5.2 5.8
TRP-10-025 3.3 15.8
TRP-10-026 4.0 10.4
TRP-10-028 9.9 6.6
TRP-10-029 9.3 6.8
incl 3.0 13.6

TRP-10-030 11.4 3.2
TRP-10-031 13.5 4.3
incl 3.8 7.5

TRP-10-032 6.9 6.8
>>




B2reports that the trench results continue to show good potential todevelop an open pit gold resource at Pavon Norte, where a total of 42trenches have now been dug. B2 continues to take large bulk samples formetallurgical tests.

Trebol

B2 has completed a Lidar("LIght Detection And Ranging") survey at Trebol. An area of 225km(2)was flown using helicopter mounted Lidar equipment flying at 400maltitude. The raw Lidar data is currently being processed. Oncecomplete, the processing will yield a highly accurate topographic basemap, and should allow the geologists to locate faults more easily aswell as other topographic anomalies for follow-up.

Activities inJuly are focusing on trenching the northernmost anomalies at Trebol toassess the potential strike length of gold mineralization there, withplans for future drilling to assess the resource potential. Some 500samples were recently shipped from Trebol to B2's Limon mine laboratoryfor preparation.

B2Gold is earning into a 60-per-cent interest inTrebol and other Nicaraguan exploration properties owned by Radius byspending a total of $4-million (U.S.) on exploration of any one or moreof the properties within four years from the date of the agreement. WhenB2Gold has spent the $4-million (U.S.), it will own a 60-per-centinterest in all of the properties and a joint venture will be formedunder which each party will contribute its prorated share of theexploration costs.

Qualified Person

David Cass, Radius'sVice-president of Exploration, is a member of the Association ofProfessional Engineers and Geoscientists of British Columbia, and is theCompany's Qualified Person as defined by National Instrument 43-101.Mr. Cass is responsible for the accuracy of the technical information inthis news release and has verified that it is an accurate summary ofthe reports provided to Radius by B2Gold. Radius has not independentlyverified B2's assay results.

About Radius

Radius has beenexploring for gold in Latin America for nearly a decade, and hasassembled interests in a portfolio of promising gold projects throughoutthe region, including carried stakes in two small-scale developing goldprojects in Guatemala and Nicaragua. Radius also has two 100% ownedexploration plays, the HB property in Guatemala and Sixty Mile propertyin the Yukon Territory - with drilling campaigns for 2010 in theplanning stages.

<< ON BEHALF OF THE BOARD"Simon Ridgway" Simon Ridgway, President & CEO Investorrelations: Ralph Rushton/Erin Ostrom Symbol: TSXV-RDU; OTCBB-RDUFFShares Issued: 72.9-million >>

Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organization ofCanada accepts responsibility for the adequacy or accuracy of thisrelease.

SOURCE: Radius Gold Inc.

on Radius and its properties, please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com)

Copyright (C) 2010 CNW Group. All rights reserved.

[club19]

Continues to show improvement in Shre price..

I believe there may have been a lot of short covering from the last report of JULY 15 that was over 3 million.

We may get an idea of how much was due to short covering from the next report

[club19]

B2gold performance this am is quite indicative of what is to be expected as I see it.

After some sell of that IO would consider to be market result, it has recouped rather nicely and at a good pace with good bid action.
Nica operations should show good results this qtr.

[club19]

A very good analysis IMO of the recent sell off by B2Gold (clive johnson) of the Kupol rights to Kinross
Post by 1Bestpicks on Stockhouse

Selling Kupol was a very strategic move by B2G.

One is never sure about getting profits out of Russia. Very intelligent to exit Russia and have big profits paid by a western company. In Russia, a bird in the hand is worth 10 in the bush. Take the money while you can.

Importantly, this allows management to centralize its efforts and focus on Mexico, Central and South America. All efforts are now within the same time zone and in close proximity to each other.

This allows the efficient use of expensive Geo and mine experts; and the B2G exploration team, equipment and labs will be far more productive. Low cost local geo people can travel between countries; a lot of good work can be done cheaply.

It’s also a very cost effective way to operate. All spare parts can be ordered, centralized and stored at the biggest mine with the longest life.

It also allows for the easy takeover of other junior mine companies as many have one mine or one deposit in these locations.


B2G will probably use the funds to do an M&A transaction to boost production to 300K.

I expect to see B2G follow the old mine building model from the 80s. They know what they need to do and they will get B2G to $5 per share and do a major Euro finance and build a 200 Koz per year mine. This means issuing 40 mil shares at $5 to raise $200 mil.

This is how it was done in the 80s and we have not seen much of this financing, during this bull cycle.

The bankers who finance at $5 per share are the ones who are buying now. The B2G team and the bankers know what they are doing; they are all working to build the next gold major, step by step, slow and steady all the way to 600K oz per year.


Importantly, BTO has to get to $5 per share to do this; just like the 80s mine building model.


These guys have been down this road before, they know how to do the Euro road shows and tap the global markets for capital. Not many junior companies have the management to grow into a 600K per year producer, B2G has the team in place to do it.


This tells us we are still in the early part of the bull cycle.



This was a very nice payout !


Kinross buys B2Gold's right to acquire, Kupol East & West licences.




Kinross will make an upfront payment of $33-million (U.S.) to B2Gold, payable upon closing of the transaction and contingent payments of $15-million (U.S.) for each incremental million ounces of gold of National Instrument 43-101-compliant proven and probable reserves contained by the Kupol East and West licence areas, up to a maximum of nine million ounces of gold (100-per-cent basis).



In addition, B2Gold will receive payments equal to 1.5 per cent of net smelter returns from the commencement of production from the area covered by the Kupol East and West licences, subject to a right for Kinross to repurchase the royalty for $30-million (U.S.).

[club19]

Haywood's take on B2Gold
Target 2.60
http://clientcentre.haywood.co.....232010.pdf

[club19]

This latest update and payout by Kinross is something. Anyone knowing the History of Kupol, Bema Gold and kinross and Clive Johnson should IMO take the opportunity to look into this deal.

B2Gold sells partial Kupol licences for $30-million (U.S.)
2010-07-23 05:28 ET - News Release


Mr. Clive Johnson reports

B2GOLD CORP. SELLS INTEREST IN KUPOL EAST AND WEST LICENSES IN RUSSIA TO KINROSS GOLD CORPORATION

B2Gold Corp. has reached an agreement with Kinross Gold Corp. to sell to a subsidiary of Kinross B2Gold's right to acquire an interest in the Kupol East and West licences, held by BKWE, B2Gold's wholly owned subsidiary. B2Gold has had the right to acquire and earn in to half of Kinross's interest in these licences.

In consideration of the acquisition by Kinross of B2Gold's right to acquire an interest in the licences, Kinross will make an upfront payment of $33-million (U.S.) to B2Gold, payable upon closing of the transaction and contingent payments of $15-million (U.S.) for each incremental million ounces of gold of National Instrument 43-101-compliant proven and probable reserves contained by the Kupol East and West licence areas, up to a maximum of nine million ounces of gold (100-per-cent basis).

In addition, B2Gold will receive payments equal to 1.5 per cent of net smelter returns from the commencement of production from the area covered by the Kupol East and West licences, subject to a right for Kinross to repurchase the royalty for $30-million (U.S.).

In regards to the transaction, Clive Johnson, president and chief executive officer, commented: "We view this as a positive transaction for B2Gold. While we are currently in a strong financial position with funding in place and significant cash from mining operations to cover all 2010 projected expenditures, the funds received in this transaction will further strengthen our financial position and enhance our ability to pursue additional acquisitions. We remain of the belief that the Kupol East and West licences have great exploration potential. The structure of this agreement with both an upfront payment and the contingent payments and royalty interest ensures that B2Gold will benefit immediately from a significant gain on its investment in this property, and continue to benefit from any future exploration success on the licences, while not having to fund a share of exploration and development costs. In addition, this sale will allow B2Gold's technical teams to further focus on our numerous projects and other acquisitions."