Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, February 15, 2008

Article Excerpt

BAFFINLAND IRON MINES, $3.65, symbol BIM on Toronto, reached as high as $4.40 this week after it reported a near tripling of mineral reserves at its 100%-owned Mary River iron deposits on Baffin Island in Nunavut. Results from the latest exploration program now indicate total proven and probable reserves of 365 million tons, up from 120 million tons. The high grades of this deposit should let the mine achieve production grades of 66% to 67% iron for at least the first five years of its estimated 25-year life. Baffinland is still a buy for aggressive investors. CELTIC MINERALS $0.50, symbol CME on Toronto, has begun a 2,000-meter diamond drilling program at its 100%-owned Muscocho nickel-copper-cobalt-platinum property in eastern Quebec. In the 1950s, a Noranda drilling program revealed promising nickel-copper showings on this property. Results from preliminary fieldwork completed by Celtic in December, 2007 confirmed high grades of copper-nickel-cobalt mineralization. Celtic has contracted two drilling rigs, one of which will focus on the…

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