Topic: How To Invest

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Article Excerpt

Eagle Plains Resources, $0.42, symbol EPL on Toronto (Shares outstanding: 78.6 million; Market cap: $32.6 million; www.eagleplains.com), controls over 35 gold, base-metal and uranium projects Eagle Plains owns several of these projects with other companies, including Aben Resources Ltd., Excelsior Mining Corp., Sandstorm Resources Ltd., Sandstorm Metals and Energy Ltd., Providence Resources Corp., Waterloo Resources Ltd., Windstorm Resources Inc., Blackrock Resources Ltd. (a private B.C. company); Heemskirk Canada Ltd., Touchdown Capital Inc., Active Growth Capital and Giyani Gold Corp. In the past few years, Eagle Plains has signed option agreements with Teck Resources, Alexco Resource Corp., Billiton Metals, Rio Algom Exploration, NovaGold Resources and Kennecott Exploration, as well as many other junior-exploration firms. This has provided over $28.3 million of exploration spending on Eagle Plains’ projects since 1998, including 53,600 metres of drilling. Joint ventures are crucial for junior-exploration companies, as they give them a way to fund further exploration on properties where they have made initial mineral discoveries. This way, juniors…