Below are several good buying opportunities that are likely to reward us with great returns in the next few months. The reason I like these companies is that the risk, barring a market correction, is relatively limited while the short term reward is significant.


Bioasis Technologies (TSXV:BTI)

I've covered Bioasis extensively in the last few updates, so I won't go into a lot of details on this one. The key update is that the company was delayed by several months on the development of its Cognitest, Alzheimer’s disease blood test.  The delay had nothing to do with the core of the technology, but rather with an ingredient that was auxililiary to the test process. I am told that all development kinks have been ironed out and that we can expect a steady stream of news over the coming months. I have continued to accumulate Bioasis.


Melkior Resources·(TSXV:MKR)

Melkior is one of my top picks for 2011. The company is actively working on its West Timmins gold project. To date the company has found two gold zones, with the latest discovery at depth of over 600m. The deep drill results were very good with the best hole returning 10.45m of 2.1 g/t Au.


The company is currently interpreting the latest IP survey results and updating the geological model. Drilling is expected to resume in the next couple of weeks.


The stock has pulled back to low
.20s. This is really a no brainer at these levels. With numerous gold intercepts, now consistently in the 10m range, I am very encouraged that Melkior is on the right track to finding a decent size deposit. I have bought more shares and I view anything in the low
.20 range as a great buying opportunity.

* Disclosure: Melkior Advertises On TB's Website 


Beaufield Resources·(TSXV:BFD)

Beaufield is in the midst of a drilling campaign on its Tortigny copper-zinc-silver property. The company has just announced results of the first four, out of 19, drill holes that have been drilled to-date.  As expected, drilling has continued to intercept good grades and widths, with one hole returning 37.6m of 2.62% Cu, 6.02% Zn, and 72 g/t Ag.


Over the coming weeks we should have a steady stream of news from the Tortigny drill program. Once the drilling is complete, Beaufield will update the NI 43-101 resource estimate. Given the results from the last two press releases, I am expecting to see the historic resource estimate of 0.5 million tonnes increase significantly.


In addition to Tortigny Beaufield has a host of other projects one of which is the property in the Schefferville iron district. The property is surrounded by New Millenium, Champion Minerals, and Labrador Iron Mines. The company is presently preparing for a drill program in the fall.


With $9M in equity, several exciting properties and an on-going drill program Beaufiled at
.40 is a buying opportunity. I have added more shares and will continue to buy on dips.