Topic: How To Invest

Pat: There are two more stocks I would appreciate your advice on: Goldstrike Resources and Petro One Energy. Many thanks.

Article Excerpt

Goldstrike Resources, $0.68, symbol GSR on Toronto (Shares outstanding: 43.9 million; Market cap: $29.8 million; www.goldstrikeresources.com), holds a number of early-stage exploration projects in the Yukon. Right now, it is mainly focused on the Lucky Strike property, where it is earning a 70% interest by incurring exploration expenses. Goldstrike has experienced management that has been involved in the discovery of several significant mineral deposits, including the CanCan gold/silver deposit in Chile and the Golden Bear deposit in B.C. As well, it holds cash of $4.0 million, so it has the funds it needs to continue its exploration programs. However, even though surface sampling has found gold mineralization at Lucky Strike, that property and all of Goldstrike’s other prospects are in the very early stages of exploration. At this point, they offer only limited investment appeal. We don’t recommend Goldstrike Resources. Resources. …