Vancouver, British Columbia CANADA -- Bard Ventures Ltd. (TSX - VX: CBS), is a small cap mineral resources company with acquisitions in British Columbia. Vancouver-based Bard Ventures' primary mining focus is the Lone Pine Molybdenum Project (molybdenum drilling program underway), and the Wasi Creek Zinc Lead Silver Project, both located in northern B.C. Canada.
In the report the analyst states, "In a significant development, a newly released resource estimate for the Lone Pine property provides independent third party verification of substantial deposits of Molybdenum."
The analyst continues, "While project timing and development and extraction expenses are significant unknowns, the potential payback is large enough that the share price could have significant upside even before extraction activities begin."
Regarding risk factors, the analyst notes: "While Bard is an exploration stage company with significant risk inherent to the natural resource extraction business, it does have a limited risk profile relative to that industry sector overall. All properties are located in North America resulting in minimal country specific political instability and property rights risks, and a low foreign exchange risk."
A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/CBS_UpdateReport_Feb92009.pdf
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SOURCE: Cronus Capital Markets
Director of Research
T: 416-368-3700 ext 225
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