RVC's Blackwater Gold

J. Taylor's Gold, Energy & Tech Stocks (07/23/2010)
"Richfield Ventures Corp. holds what I believe is likely to be a very large gold deposit on its Blackwater Gold Project. The fact that RVC does not yet have an NI 43-101 resource calculation has without a doubt resulted in a lower share price than would otherwise be the case. Past exploration work on this company's 75% JV position in the project gives reason to assign a relatively high probability to the likelihood of a major multimillion-ounce gold deposit in the making. Moreover, a good portion of it may be mineable via low-cost open-pit mining.

I have added this company to my list, believing it is an easy double from its current share price, even if, as I suspect, gold shares will get taken down initially with a general market decline. . .I have a very good feeling about this stock. Nothing is certain in life but death and taxes and so I'm not promising you anything. But as an exploration play, I think RVC is highly attractive—especially at its current low market cap."

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