Topic: How To Invest

Hi Pat: Someone gave me a tip on Brazil Gold Corp. I am always leery of this type of thing. What’s your read on it? Thanks.

Article Excerpt

Brazil Gold Corp., $0.73, symbol BRZG on the Nasdaq over-the-counter market (Shares outstanding: 80 million; Market cap: $58.4 million), has an agreement to acquire over 861,000 hectares (2.1 million acres) of mineral-exploration properties in Brazil’s western Amazon basin. This area has produced gold in the past, but only through very basic evaluation and exploration methods. Brazil Gold’s exploration program is still at a very early stage: samples have been taken at a depth of just one metre. Early-stage exploration like this is very speculative, even in areas with past production. As of March 31, 2010, the company held no cash. We don’t recommend Brazil Gold Corp. Corp. …