Here’s our Pick of the Month February, 2007

Article Excerpt

EUROPEAN GOLDFIELDS $5.09 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534;; Shares outstanding: 114.8 million; Market cap: $584.3 million) owns mineral properties in Greece and Romania. The company is headquartered in the UK. European Goldfields holds a 65% interest in Hellas Gold, which owns three gold and base metal deposits in Northern Greece. The deposits are the Stratoni zinc/lead/silver property, the Olympias gold/ zinc/lead/silver project and the Skouries copper/gold property. Production started at Stratoni in September 2005. The company also began selling off a stockpile of gold-bearing ore concentrates from the former-producing Olympias mine in July 2006. Hellas Gold is now applying for permits to develop the Skouries and Olympias projects. European Goldfields also owns 80% of the Certej gold/silver project in Romania, where it will soon complete a feasibility study. Reserves at all of European Goldfields’ properties total over 10 million ounces of gold, over 800,000 tonnes of copper, 76 million ounces of silver and 1.8 million tonnes of lead…

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