Two Buys: One Start-Up, One ’Spec’

Article Excerpt

ARIAN SILVER $0.57 (Toronto symbol AGQ; SI Rating: Start up) (1-800-917-4102;; Shares outstanding: 105.4 million; Market cap: $60.1 million) is active in silver exploration and development in Mexico. The company is headquartered in the UK. Arian’s current focus is on the Calicanto and San Celso projects in Zacatecas state, the Tepal project in Michoacan State and the San José silver-base metal property in Zacatecas State. Arian has experienced management, and its properties are in regions with producing mines. All of its concessions have already undergone significant exploration work, and most have workings from former mines. While the company’s current exploration program has yielded some promising results, it still needs work to outline a mineable deposit. But we think the company has a better than average chance of success. Arian’s shares are up 54% since we first recommend them in our February, 2007 issue at $0.37. However, we see the stock as a buy for highly aggressive investors. NORTHGATE MINERALS CORP. $3.45 (Toronto symbol NGX;…

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