Topic: How To Invest

Pat: Your opinion please on 49 North Resources Inc. Thanks.

Article Excerpt

49 North Resources Inc., $1.69, symbol FNR on Toronto (Shares outstanding: 8.4 million; Market cap: $14.2 million), has three main operations: resource investment, financial and managerial advising, and merchant banking. It mainly invests in the Canadian resource sector, with an emphasis on junior and intermediate mineral-exploration companies that have operations in Saskatchewan. The company takes on a lot of risk with its speculative and sometimes illiquid resource holdings. Many junior resources stocks are up since the start of this year. However, 49 North’s shares have fallen from $3.34 in May. If resource speculation wanes in the new year, 49 North could go lower. We don’t recommend 49 North Resources Inc. Inc. …