From Todays Financial Post
In base metals, team member Wendel Zerb, a mining analyst, says it could be some time before investors' enthusiasm for major base metals companies such as Cominco Ltd. (CLT/TSE) $21.10 ($25.60–$13.50) and Inco. Ltd. (N/TSE) $19.70 ($27.85–$12.50) filters down to the smaller base metals explorers, but “there are several under-valued, overlooked companies that represent excellent long-term value,” says Mr. Zerb. He recommends:
Atna Resources Ltd. (ATN/TSE) 82¢ ($1.35–50¢). The Vancouver-based company “is cash rich with some $15-million to spend on exploration in both North and South America,” says Mr. Zerb. It's recent progress at its zinc property in the Dominican Republic, in which it has a 60% stake, has stirred some interest. Atna also owns 40% of the Wolverine deposit and 65% of the nearby Wolf property in the Yukon.
With 75¢ a share in cash, and an interest in these three base metals assets, Atna represents one of the best values in the junior mining sector.” His 12-month target is $2.
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