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Mining For Moly:
Bard Ventures Ltd. (TSX-V: CBS)
AllPennyStocks.com News
March 31, 2008 (AllPennyStocks.com Media, Inc.) – Aside from
being a tongue-twister, molybdenum is a mineral resource that
all of us owe a debt of gratitude to for our mere existence.
To underscore its importance, scientists believe that early
low levels of molybdenum deep in the Earth delayed the
evolution of life by as much as 2 billion years. Its most
important use, before we set foot on our planet, was as a
micronutrient for bacterial life.
Today, molybdenum is harvested from the Earth for its ability
to withstand high levels of heat, making it the perfect
element to strengthen steel pipes and oil drills. There’s no
shortage of demand for molybdenum, and resource companies are
focusing hard on exploring and developing molybdenum. One of
those companies is Bard Ventures Ltd.
(TSX-Venture:CBS).
A Vancouver, Canada-based company, Bard is in the development stage, focused on
the exploration and mining of mineral resource properties, including molybdenum.
Bard may still be in the early stages of development, but it boasts top-notch
properties, experienced management, and strong early financials.
Bard’s principal resource properties -- Lone Pine, Grouse Mountain and Wasi
Creek -- are located in British Columbia. During the fiscal year ended September
30, 2007, Bard, which trades on the TSX Venture Exchange, also conducted
diamond-drilling programs on the Lone Pine and Wasi Creek properties.
The company’s main projects are in Wasi Creek and Lone Pine. The Wasi Creek
Property, which covers areas of historic trenching and diamond drilling for
zinc-lead-silver mineralization, is located on the south side of the Osilinka
River, northwest of Mackenzie, B.C. With Selkirk Metals Corp., Bard is funding
exploration on the property under the terms to receive 50% interest. Selkirk
drilling in 2005 was successful in intersecting a new horizon, yielding
promising results that require ground examination and follow-up exploration
including mapping, prospecting, rock and soil sampling, trenching and possible
diamond drilling.
The Lone Pine Property consists of 7 mineral claims covering nearly 2,600 acres.
It is located northwest of Houston, B.C., situated in the Omineca Mining
Division. Exploration and mining activities have been conducted on and around
the area since early in the last century, with a considerable amount of
geological, geophysical, and geochemical work logged since 1976. Today, Bard has
conducted first-phase drilling which has intersected significant molybdenum
mineralization.
Bard has also started research and compilation work on its recently optioned
Grouse Mountain Property. Located adjacent to Lone Pine, Grouse Mountain has
yielded a number of mineralized structures, and to date only a few of them have
been tested by drilling.
Although Bard has yet to generate revenue – a telltale sign of a
development-stage company – it has a strong cash position, with $5.1 million on
tap as of December 31, 2007. Bard’s price-to-book ratio is 2.27, less than half
the nonmetallic mineral mining industry’s average of 6.11, indicating that the
stock may be currently undervalued.
In recent trading, the Company’s stock nearly reached its previous high of $0.27
that was established in October. The stock retraced after the massive 118.2% run
to make a base at $0.16. Trading volume has remained consistent at approximately
2.85 million traded shares a week (or 570,000 a day), offering decent liquidity
relative to the rest of the penny market.
But Bard’s management reflects the company’s greatest potential. Eugene Beukman,
President and CEO, has over 20 years experience in the acquisition of assets and
joint ventures. He is a graduate of Rand University of Johannesburg, South
Africa, where he received a law degree and postgraduate law degree. Beukman was
previously employed as a legal advisor to the predecessor of global resources
company BHP Billiton. Director John Malysa is a registered professional engineer
in Colorado with 30 years of progressive mining experience in all aspects of
both surface and underground mine exploration, design, feasibility,
construction, operations and management. Malysa has a degree in mining
engineering from Penn State University and an MBA from University of Colorado.
Director James Miller-Tait, who oversees many of the projects, has been vice
president of exploration at Cross Lake Minerals for almost 10 years.
Bard could hold great long-term investment potential. With its promising
projects and sturdy early financials, coupled with growing demand for
molybdenum, Bard is a gleaming financial gem just waiting to be unearthed.
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thereon.
Although the majority of
AllPennyStocks.com reports are independent, it has received
compensation for carrying the report on Bard Ventures Ltd.,
the compensation is eleven thousand dollars by the company for
its efforts in presenting the CBS profile on its web site and
distributing it to its database of subscribers as well as
other services. This creates an inherent
conflict of interest and readers are encouraged to view the
main disclaimer at
/aps_ca/company_spotlights/archives/cbs.asp
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