Check out Barramundi Gold Ltd. (BAM-ASE), It's an excellent company with fantastic projects founded by top exploration and mining professionals. One of BAM's directors discovered the Kunwarara deposit which is now the worlds largest source of magnesite. He also co founded the company that developed the deposit (Queensland Metals) which reached a market cap of Australian$350 million! (all their people are of similar caliber!!)
The stock has been quite for along time and has all of a sudden come back to life! (check out the bids!) Visit their website at www.barramundi.com/ and check out their portfolio, each one of their projects has the potential to be a world class deposit.. My guess is that the stock should be good for at least a triple from the current price of C$0.35, however you may wish to hang on after that as they be another Arequippa.
I pasted the following company description from their website;
Barramundi Gold Ltd. is a Canadian-Australian company, the result of joining mining professionals, projects and capital from both countries. The Company is committed to exploring and defining bulk tonnage gold projects.
Barramundi currently has 3 projects in various stages of exploration: the Wandoo project in North Queensland, Australia and the Longline and Hunker Dome projects in Canada's Yukon Territory. The Company has been actively exploring the Yukon properties since May, 1996 and the Australian property since March, 1996 utilizing approximately $1 million raised in seed capital. The Company continues to actively explore these projects using funds raised from it's successful initial public offering in September, 1996.
Barramundi's Directors and Management are committed professionals with expertise in geology, mining engineering, finance, and media relations.
The Company was listed on the Alberta Stock Exchange on October 4,1996, and trades under the symbol BAM: ASE. The Company's head office is in Vancouver, Canada.
Good Luck! Todd |
