Topic: How To Invest

Hello Pat and company: Just wondering what your advice would be concerning Tirex Resources. Thanks very much

Article Excerpt

Tirex Resources, $0.64, symbol TXX on Toronto (Shares outstanding: 67.4 million; Market cap: $43.1 million; www.tirexresources.com), is focused on developing its Mirdita project in Albania. Mirdita is located 70 kilometres north of the capital city of Tirana, and can be reached by paved and gravel roads. Over the last four years, Tirex has spent roughly $25 million drilling for copper, zinc, gold and silver at the site. The company has concentrated on areas where mining has been conducted before, and on parts of the property that had been evaluated when metal prices were lower. Tirex now aims to bring six closely grouped copper/gold deposits at Mirdita into production late this year. To pay for the new mines, the company has reached an agreement with Ekin Maden Tic. Ve San. A.S. Ekin Maden is a leading Turkish exporter of lead, zinc, copper and chrome ore. The company also imports lead, zinc, aluminum and copper cathodes. In addition, Ekin Maden operates and finances mines. It has…