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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone8/25/2006 6:08:02 PM
   of 78417
 
An American zinc play -- AQA.V

This is from Pescod today

"AQUILA RESOURCES INC. (V-AQA) $0.95 +0.14
We check in with Andrew Kaip, the Haywood mining analyst who has had quite a last 12 months. He’s even suffered through the ugly correction we’ve seen in the mining sector fairly well. Some of his big and favorite picks such as Viceroy Exploration (VYE) have ended up exactly the way he predicted —a takeover! When we check with him today though, he wouldn’t be surprised if Yamana is going to have to make a higher offer to get the takeover completed.

He suggests with the takeovers we’ve seen in the mining business so far, it’s generated a lot of cash and he wouldn’t be surprised to see some more takeovers take affect. Another of his favorite picks that has done so well over time is Bear Creek Mining (BCM) which came out with some new reserve numbers the other day, but he points out that they’ve already completed another 54 holes since that reserve report was done. He just wonders how much more, that will add to the company’s reserves and in the short term, after a little bit of a correction, that would be one of the stocks he would be looking at.

As far as a stock pick though that appeals to our sense of greed, he has come up with a new story that also appeals to our sense of risk. Andrew is fond of finding plays in far-off countries that make one more than a little nervous about where they are. Plays like Anatolia (Turkey), Moto (Democratic Republic of the Congo)….well, you get the drift. His new play, Aquila Resources has just come up today with some more significant results on their base metal play. Kaip’s favorite metal right now is zinc, which seemingly, just keeps on going higher as reserves of the metal sink ever lower. That’s what Aquila is, in that rather less risky place you might have heard of—the good ole U.S. of A. Kaip has had an amazing year despite the ugliness of the last few months."
Aquila Resources
www.aquilaresources.com
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