In yesterday’s trading, Eagle Plains hit the one dollar mark and the stock is now up 88.6% since we signalled a BUY one year ago.

Eagle Plains recently announced that they were beginning a diamond drilling program in their Bronco discovery area.

More good new like this will continue to push Eagle Plains onwards and upwards

Management is key in the exploration business and Eagle Plains has one of the best management teams around in our humble opinion. An example of a good move made by management is this recent press release.

Eagle Plains will start their drilling program, contracting Apex Diamond Drilling Ltd. To drill 2500ft of core drilling in five holes on the Bronco property. Now, Eagle Plains actually controls Apex Diamond Drilling and with the resource industry going through a bull market, drill crews and rigs are getting very hard to come by. The fact that the management at Eagle Plains had the expertise and foresight to buy their own drilling company is a testament to their quality. By doing this Eagle Plains have control over when and where they drill and also they will be able to drill any time they choose as they own the drilling company.

Other exploration companies are at the mercy of drill crews that may or may not be able to fit their drilling program into the drilling company’s rapidly filling schedule.

After such a run, the technical indicators are suggesting a slight correction in the stock price on EPL and so you may want to wait for a drop before adding to your holdings or purchasing a position in this stock. However with the quality management and key projects in mind, we will continue to own Eagle Plains through any correction and keep it as a BUY in our silver prices portfolio of silver stocks.

Eagle Plains trades as EPL on the TSX.