Topic: How To Invest

Hello. Could you please give your opinion on the following two stocks, Eastmain Resources Inc. and Aquila Resources Inc.? Thank you.

Article Excerpt

A: Eastmain Resources, $0.82, symbol ER on Toronto (Shares outstanding: 175.1 million; Market cap: $154.3 million; www.eastmain.com), is a Canadian gold exploration company with a 100% interest in the Clearwater property (host to the Eau Claire deposit); it also holds 36.7% interest in the Eleonore South joint venture. Both properties are located within the James Bay District of Quebec. Eau Claire is the company’s main asset. Eastmain has now undertaken a $7.7 million, 63,300-metre drilling program on the deposit; it could hold as much as 1.6 million ounces of gold. The Eleonore South joint venture is located in the northeast corner of the Opinaca Reservoir. It’s a three-way partnership: Azimut Exploration, which holds 26.57% interest, is the manager of the project; Les Mines Opinaca, like Eastmain, has a 36.7% share. The property rests between Goldcorp’s actively producing Eleonore mine and land now being explored by Sirios Resources Inc. The project…