Topic: How To Invest

Pat: I would like your brief advice on Canplats Resources, Full Metal Minerals and Galleon Energy. Thanks.

Article Excerpt

Canplats Resources, $2.19, symbol CPQ on Toronto (Shares outstanding: 57.6 million; Market cap: $126.2 million), is mainly focused on advancing its 100%-owned Camino Rojo gold/silver/lead/zinc project in Zacatecas State, Mexico. Camino Rojo still needs considerable exploration and development work, but the company believes that the property contains as much as four million ounces of gold and 60.7 million ounces of silver. That gives it speculative appeal. Canplats is okay to hold, but only for highly aggressive investors. A: Full Metal Minerals, $0.20, symbol FMM on Toronto (Shares outstanding: 71.9 million; Market cap: $14.0 million), explores for minerals in Canada and Alaska. Full Metal has assembled what it believes to be the largest land position of any publicly traded company in Alaska. Its holdings include 13 active exploration projects in the state, and one in the Yukon. Two of the most promising are the 40-Mile silver/lead/zinc project and the Lucky Shot gold project. So far, drilling at 40-Mile has revealed promising silver and base-metal…