Topic: How To Invest

Hi Pat: I’m interested in your take on East Asia Minerals. Thanks as always.

Article Excerpt

East Asia Minerals, $1.33, symbol EAS on Toronto (Shares outstanding: 77.5 million; Market cap: $125.7 million; www.eastasiaminerals.com), holds gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia, the company has a 70% to 85% interest in three gold and gold/copper properties in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. In Mongolia, East Asia Minerals owns seven uranium properties, including the Ingiin-Nars, Ulaan Nuur and Enger uranium projects, as well as two phosphate properties. The company recently handed out shares of Barisan Gold Corp. to its shareholders. It also plans to hand out shares of two more spinoffs, the Sangihe Gold Corp. and East Asia Energy Corp. However, the Indonesian and Mongolian governments must authorize the transfer of these assets before the spinoffs can proceed. The company has also appointed a new management team, including a new CEO. These new managers are now reviewing East Asia Minerals’ assets in Indonesia and Mongolia. In the next few…