Topic: How To Invest

A friend has recommended Olympus Pacific Minerals Inc. What is your opinion? Thanks for your help.

Article Excerpt

Olympus Pacific Minerals, $0.52, symbol OYM on Toronto (Shares outstanding: 323.9 million; Market cap: $168.4 million), operates two gold mines in Vietnam. It also has one advanced-stage project in Vietnam and another in East Malaysia. The company aims to double its production from 40,000 ounces this year to 80,000 ounces next year by expanding its gold plant in Vietnam. It has positive cash flow and manageable debt. Operating in Vietnam entails above-average political risk, but Olympus Pacific Minerals is okay for highly aggressive investors to hold. …