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by Stockwatch Business Reporter

Two Vancouver-based stock promoters, Fabio Capponi and Giles Baynham, have turned their $100,000 investment in CB Gold Inc. into more than $30-million in a little over two years. It is their first promotion.

Last week, CB Gold revealed eye-popping drill results from its Las Vetas gold property in Colombia, sending the stock to $1.82 from 68 cents over five days on 23.38 million shares. One intersection in particular, a 115-metre interval at 7.57 grams per tonne gold and 1.48 grams per tonne silver, caught the market's attention, bringing instant fame to the company's two founders. Although over the past two days the company continued to be active, trading 6.24 million shares on Monday and 2.84 million shares on Tuesday, the stock has slipped 28 cents to $1.54.

Apprentices

Before starting CB Gold, Mr. Capponi and Mr. Baynham worked at Endeavour Financial Corp., an investment company in Vancouver advised by one of the city's best-known penny stock investors, Frank Giustra. He was Endeavour's chairman until 2007. At Endeavour, Mr. Capponi and Mr. Baynham received a valuable education in structuring and promoting junior stocks. Mr. Capponi, CB Gold's chief executive officer, worked in the mergers and acquisitions department at Endeavour from February, 2006, until June, 2008. Mr. Baynham, an engineer and CB Gold's president, was director of debt finance at Endeavour from May, 2003, until June, 2008.

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