Topic: How To Invest

Pat: Can I have your opinion on these three junior resource stocks: DNI Metals, 49 North and Canacol Energy? Thanks.

Article Excerpt

A: DNI Metals, $0.05, symbol DNI on Toronto (Shares outstanding: 74.9 million; Market cap: $3.4 million; www.dnimetals.com), aims to produce a number of metals from its Alberta Black Shale project, about 900 kilometres north of Calgary. These metals include molybdenum, nickel, uranium, vanadium, zinc, copper and cobalt, plus specialty metals, such as scandium, lithium and thorium. Traditional mining methods won’t work on black shale rock, so the company hopes to use a process called bioleaching. Using this process, DNI will dig up the ore, pile it onto a leaching pad and irrigate it with a solution containing certain bacteria. The tiny organisms then “chew up” the rock and expel the metals as waste. The metals are then piped into a refinery and separated. In nature, bioleaching is triggered spontaneously by micro-organisms in the presence of air and water. Technology modifies this process so the metal can be recovered faster. On December 31, 2012, DNI held cash of $2.2 million, or…