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Eagle Plains Resources Limited: Update

Eagle Plains Resources Limited, EPL on the TSX has gained approximately 30% since we first recommended it towards the end of July. It was around the 50-cent mark then and yesterday it closed at 65 cents, which is a terrific upward move in a little over 12 weeks.

Hang on to this one for the reasons that we have explained in previous articles on this site. There is a lot more to come from a company with such an innovative approach to doing business. This is a people business and good management is everything so if you can afford to hold on and accumulate then definitely do so.

It is also a multi-metal company and has silver, gold and uranium interests.

Also interesting to note is that these gains in the stock price have come without any real increase in the volume of shares traded. This suggests to us that EPL is still relatively undiscovered. When we experience sudden increases in volume as we have seen with other stocks recently then we can only guess where this stock might go!

01 November 2006

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