Topic: How To Invest

Pat: I follow your advice very closely. I would like to know your thoughts on Hana Mining.

Article Excerpt

Hana Mining, $4.61, symbol HMG on Toronto (Shares outstanding: 78.6 million; Market cap: $362.3 million, www.hanamining.com), is focused on developing its Ghanzi copper/silver project in Botswana, Africa. So far, Hana has outlined a deposit at Ghanzi that could hold as much as 4.5 billion pounds of copper and 68.5 million ounces of silver. There is also considerable room to expand the deposit through additional exploration drilling. Hana holds cash of $25.3 million, or $0.32 a share, so it has the funds to keep exploring and developing the Ghanzi property. As well, Botswana is one of the more stable African countries. The company’s share price has risen steadily from around $1.20 in early July. That’s due to rising copper and silver prices, as well as continued drilling success at Ghanzi. Hana is still a long way from building a mine, but the potential of its copper/silver deposit gives it speculative appeal. Hana Mining is okay for highly aggressive investors to hold. ..