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« Silver Stocks: Coiled up and ready to rocket | Main | Silver Standard Resources Inc. »
Saturday
Jul222006

Eagle Plains Resources Limited

EPLlogo1

If you are a fan of the Joint Venture Business Model, then this aggressive junior explorer is well worth a look. ELP is a creator of projects with Copper Canyon Resources being its latest spin off.

Eagle Plains Resources Limited is a junior exploration company managed by an aggressive management team searching for minerals in Western Canada. The companies’ number one objective is to create shareholder value via acquisition and development of early-stage exploration projects.

At the time of writing this company controls over 35 gold, silver, uranium and base-metal projects with Inferred Resources standing at 38 million ounces silver, 1.2 billion pounds of lead, 1.3 billion pounds of zinc and 48 million pounds of molybdenum. This is not purely a silver play, but a silver play with the added kicker of substantial base metal opportunities and a management team possessing a keen eye for growth. Three projects of this nature are currently being advanced, exposing EPL to approximately $8 million in exploration over the near term.

As investors we see this as a vehicle offering multi-project opportunities. Some will no doubt prove to be fruitless, but the others will provide excellent exposure to both the base and precious metals markets. In such early stage investments the risks are higher than a straightforward investment in to one of the larger, better known companies. However, the leverage that can be generated through the involvement of a joint venture partner who brings the project from feasibility stage up to an operational mining company can be fairly dramatic.

Eagle Plains history shows that they have already completed agreements with BHP Billiton, Kennecott Utah Copper, and NovaGold, etc,

Eagle Plains trades on the TSX Venture exchange under the symbol of EPL and is debt free. The market value is around £25 million and their stock closed at $0.53 CAD on Friday. We were investors before the Cooper Canyon spin off so we now own those shares too. We will continue to accumulate at this level over the summer and be in position for is shaping up to be a terrific seasonal acceleration in base and silver prices towards Christmas.

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