TSX VENTURE EXCHANGE -November 22-26

The last full week of November saw the S&P-TSX Venture composite index bounce back above the 2,000-point threshold after slipping below it the week before. The index ended up 61.13 points at 2,057.

Daily trading volume was quite high at an average of 162 million shares traded. The volume was good for juniors, as 159 Venturelisted companies hit 52-week highs while 43 juniors fell to new lows.

Richfield Ventures saw the biggest value gains, climbing $1.75 to $4.99 on 3.2 million shares traded. The company released drill results from its Blackwater gold-silver project in central British Columbia that included 171 metres grading 3.13 grams gold per tonne from 8 metres depth and 148 metres averaging 1.77 grams gold from 70 metres that pushed mineralization south and east respectively. Richfield also released preliminary metallurgical results that showed an average 92% gold recovery from whole ore cyanidation tests.

Juniors in the potash market saw heightened activity after K+S Aktiengesellschaft made a bid for Potash One, proving that interest in the resource is still high. Encanto Potash saw its share price double to 44¢ on 26.8 million shares traded, boosted also by drill results from its Muskowekwan property. Passport Potash climbed 9¢ to 23¢ on 23.6 million shares traded, Western Potash jumped 30¢ to $1.21 and Allana Potash rose 12¢ to 59¢.

For the second week in a row, Tasman Metals saw big gains as it advances its Norra Karr rare earth elements project in Sweden. Since Nov. 16, the company’s share price has climbed $2.25 or 168% to $3.59. While the company started metallurgical testing on a 100-kg sample, completed the final tranche of a $7.5-million financing and expects a resource report on the project shortly, Tasman has partially attributed the gain to a positive write-up in a “prestigious stock newsletter.”

Shares of Avion Gold climbed to new heights as the company released better-than-expected third quarter results. The company’s stock price jumped 39¢ to $1.41 on 14.6 million shares traded, having climbed fairly steadily from around 40¢ in late July. The last quarter saw the company earn US$13.6 million and sell 25,700 oz. gold, while the company expects to be producing 200,000 oz. gold annually from its Mali operations by 2012.

Infinito Gold saw its share price drop 51.8% to 13¢ after a Costa Rican tribunal cancelled the company’s exploitation concessions and environmental approvals for its Crucitas gold project in the country. The Crucitas project hosts 1.2 million indicated oz. and a further 1.2 million inferred oz., and a feasibility study put its after-tax internal rate of return at 35%.

Earlier this year the Supreme Court of Costa Rica had confirmed the validity of the same concessions and approvals. Full details of the decision are not yet available but the company is considering an appeal.

TSX-V most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
IBC Adv Alloys IB	39431	0.16	0.11	0.14	+ 0.02
Encanto Potash EPO	26772	0.48	0.23	0.44	+ 0.22
Passprt Potash PPI	23587	0.27	0.14	0.23	+ 0.09
Victoria Gold VIT	23417	1.34	0.98	1.00	-0.28
Candorado Oper CDO	19927	0.09	0.06	0.07	+ 0.01
Western Potash WPX	17450	1.23	0.99	1.21	+ 0.30
Allana Res AAA	16402	0.61	0.47	0.59	+ 0.13
Forum Uranium FDC	15713	0.31	0.16	0.28	+ 0.12
Northern Tiger NTR	14838	0.74	0.34	0.34	-0.29
Avion Gold AVR	14575	1.42	1.01	1.41	+ 0.39

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Aldershot Res	ALZ	6968	0.12	0.05	0.10	+ 150.0
Valdez Gold	VAZ	7090	1.04	0.51	0.52	+ 108.0
Admiral Bay Rs	ADB	81	0.40	0.22	0.31	+ 106.6
Encanto Potash	EPO	26772	0.48	0.23	0.44	+ 100.0
Jazz Res	JZR	28	0.39	0.24	0.38	+ 100.0
Dawson Gold	DYU	208	0.39	0.23	0.35	+ 84.2
Tasman Metals	TSM	6727	3.88	2.38	3.59	+ 84.1
Parlane Res	PPP	711	0.25	0.14	0.25	+ 78.5
Troymet Expl	TYE	8779	0.41	0.22	0.37	+ 76.1
Pac Bay Mnrls	PBM	3142	0.14	0.08	0.14	+ 75.0
Infinito Gold	IG	2209	0.29	0.12	0.13	-51.8
Northern Tiger	NTR	14838	0.74	0.34	0.34	-46.0
Darnley Bay	DBL	2824	0.24	0.12	0.13	-45.8
Luiri Gold	LGL	13	0.12	0.12	0.12	-40.0
Whitemud Res	WMK	726	0.09	0.06	0.07	-30.0
Amanta Res	AMH	1322	0.21	0.12	0.14	-30.0
Avrupa Mnls	AVU	397	0.52	0.39	0.39	-26.4
Manitou Gold	MTU	51	0.38	0.31	0.31	-26.1
Advance Gold	AAX	36	0.11	0.09	0.09	-25.0
Augen Gold	GLD	4380	0.61	0.36	0.42	-25.0

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Richfield Vent	RVC	3247766	4.99	+ 1.75
Tasman Metals	TSM	6726840	3.59	+ 1.64
Lumina Copper	LCC	458758	4.50	+ 1.15
RareElemntRs	RES	708672	10.80	+ 0.80
Mirasol Res	MRZ	1780329	4.40	+ 0.73
Quest Rare Mnl	QRM	4545552	5.24	+ 0.69
Probe Mines	PRB	1070260	1.91	+ 0.58
Bear Creek Mng	BCM	931763	9.07	+ 0.53
Callinan Mns	CAA	976054	3.12	+ 0.48
Valley High Vt	VHV	3164608	1.74	+ 0.42
NinetyNineCp	WDG	893214	2.08	-0.54
Pac Booker Min	BKM	15788	8.60	-0.30
Rainy River Rs	RR	1218084	11.45	-0.30
Northern Tiger	NTR	14837903	0.34	-0.29
Victoria Gold	VIT	23417131	1.00	-0.28
Maudore Minls	MAO	116655	6.06	-0.24
CrazyHorseRs	CZH	289124	1.20	-0.19
Prophecy Res	PCY	2954593	0.98	-0.17
Avrupa Mnls	AVU	397000	0.39	-0.14
Infinito Gold	IG	2208916	0.13	-0.14