Marvion Inc (MVNC)

[lukeant]

From Global Gold Report – Analyst: Jamie Mack

Speculative Junior Gold Play
April 9. 2013: For speculative investment money only, I am initiating
coverage for the first time on Bonanza Goldfields (BONZ: OTC:QB) with
a BUY rating and $0.12 target price – currently trading at $0.007.
Although I have followed this operation for some time, Bonanza
Goldfield's 4/4/13 Press Release announcing significant lode
concentrations in large exposed quartz veins being identified - is
impressive, with verified assays ranging from .007 to 2.73 oz/ton.
Meeting with management and a site visit confirms their focus is shifting
to principally lode processing as opposed to previous placer
exploration/production that is yielding more modest results. This junior
miner is located about 1½ hours NW of Phoenix – on patent claims
adjacent to the Congress Mine, a mine that historically produced
396,300 ounces of gold primarily from 1887 – 1912 and later reopened
and operated through 1959. As the company gains more visibility in the
public market and attracts more investors, it should trade more in line
with its peers at $1.75/share. If Bonanza Goldfields works out, I see lots
of upside and if it doesn't work out, I see only minimal downside as it
presently trades at a modest market cap of $1.61 million with a 230
million share float. Management is unproven in a junior and a bit
arrogant (or confident?) as to their abilities to make this junior a big
success - although I judge them as capable of it.