Topic: How To Invest

Dear Pat: Your brief comments please on: Full Metal Minerals, First Point Minerals, Pinecrest Energy and Renegade Petroleum.

Article Excerpt

Full Metal Minerals, $0.31, symbol FMM on Toronto (Shares outstanding: 135.8 million; Market cap: $42.1 million, www.fullmetalminerals.com), explores for minerals in Alaska and Canada. The company has assembled what it believes is the largest land position of any publicly traded company in Alaska. Full Metal has 13 active exploration projects in Alaska, and one in the Yukon. Two of the most promising projects are the 40-Mile silver/lead/zinc project and the Lucky Shot gold project. So far, drilling at 40-Mile has revealed promising silver and base-metal showings. Full Metal is now in the process of finishing the required permitting to begin commercial production at Lucky Shot. BHP Billiton, Freeport McMoran, Highbury Projects, New Gold and Ashburton Ventures have all funded exploration programs on Full Metal’s properties over the last year. The company also jointly explored gold targets under a strategic alliance with Kinross Gold. Full Metal Minerals is okay for highly aggressive investors to hold, but only if the investment represents…