Our star stock for the year Mining project groups Limited (MPJ)
This is an exploration and investment company. MPJ has holdings in and joint ventures with exploration companies primarily searching for gold and copper with tenements mainly in Australia and Canada. Key companies include Asarco, Cangold, De Grey and Jackson Gold. MPJ also has an interest in Prima Biomed and Premier Bionics, biotechnology companies focusing on immunology/cancer immunotherapy and respiratory assistance technology, respectively.
MPJ have several projects in their portfolio to which they are developing. These are the Yamarna JV Project (20% ownership), Jackson Gold Limited (1.5M shares with a further 1.5M on commercial event), Talga Peak Project (sole and exclusive right to earn up to an 80% interest) and interest in Atlas Gold Limited (2M shares).
Currently at 0.8 cents a share, this has the potential to reach the $2 mark by the end of 2007. This is less risky because investment is spread on many companies and today’s mineral prices will give a very good boost to the company’s share prices if a significant recovery is reported.
Uranium stocks
Uranium exploration stocks will be short-term good buy because of the current sentiment in the market.
Uranex FPO (UNX) , Uran Ltd ( URA ) , Uranium Explorations Australian Limited (UXA) . Among them UNX and URA may touch the five dollar mark if the bull run continues.
Biotechnology
Among the bio- technology stocks Rockeby Biomed( RBY) ,EastLand Medical Systems(EMS) and Live cell Technologies (LCT) looks promising at the moment.
MPJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
