Topic: How To Invest

Pat: Could you give an opinion on two smaller mining companies—Rambler Metals & Mining and Eagle Plains Resources? Thank you.

Article Excerpt

Rambler Metals & Mining plc, $0.45, symbol RAB on Toronto (Shares outstanding: 142.4 million; Market cap: $64.1 million; www.ramblermines.com), is a U.K.-based mining and development company. The stock is also listed on the AIM market in the U.K. (AIM is the London Stock Exchange’s international market for smaller companies.) In 2012, Rambler brought its first mine into commercial production—the 100%-owned Ming copper-gold-silver mine. The Ming mine is located on the Baie Verte peninsula in Newfoundland. The company shipped its first load of concentrate from the mine through its Goodyear Cover deep-water port facility in November 2012. Rambler also has interests in other early-stage properties, as well as small, former-producing mines, in the general area of the Ming mine. The company’s Ming mine is letting it generate positive cash flow, but its growth prospects are very limited. We don’t recommend Rambler’s thin-trading shares. A: Eagle Plains Resources, $0.07, symbol EPL on Toronto (Shares outstanding: 83.2 million; Market cap: $5.8 million; www.eagleplains.bc.ca), controls…