Subject: The Contrarian - BUY ALERT 25966
reply10@bigfoot.com
Date: Fri Jun 16 2000 - 15:40:49 EEST
THE CONTRARIAN BUY ALERT: European American Resources, Inc. Symbol (EPAR-OTCBB) Recent Price - $.66 52 Week Range - $.53 - $1.68 Estimated Float - 5.9 Million Shares Outstanding - 16.2 Million Shares With oil prices having tripled since December 1998, we should now look for investments that benefit from higher inflation. Traditionally, gold-mining stocks are outstanding performers during these time periods, as people look to hedge their portfolios to profit from rising commodity prices. We now present a company that will not only make money from higher gold prices, but is a legitimate takeover candidate as well. European American Resources (EPAR) has been developing gold properties in Nevada for many years. Their largest holding is located in the prolific Battle Mountain Trend, right between two properties operated by Homestake Mining (HM-NYSE-7 3/8), the oldest trading company on the NYSE (130 years). Homestake's cheapest gold mine in the world is Ruby Hill - right next to EPAR'S Prospect Mountain - with production costs of only $94/ounce in 1999. Since 1864, Prospect Mountain has already produced 3 million ounces of gold, with only 3% of the volume of the mountain mined so far. No wonder that they recently signed a joint venture agreement with EPAR, which calls for HM to pay for exploration costs that have already started. Why do we think that EPAR is a takeover candidate? Simply because HM has bought out 3 of their last 5 joint venture partners in the last three years, at high prices. More importantly, Nevada is commonly known as the lowest cost place in the world to mine gold, so even if bullion remains stuck at the $300 level, the EPAR property will still be very profitable, since estimated costs to mine are under $100/ounce. However, if gold drops to $150, most competing mines will close, and we'll also benefit. Our recommendation is to buy EPAR at prices up to $2, with a longer-term target price of $5-6. Since drilling is expected to start in a few weeks, expect results in the very near future. To SUBSCRIBE to future announcements or request ADDTIONAL INFORMATION regarding the European American Resources, Inc, please click on the appropriate link below and hit send. mailto:additional-info@21cn.com?subject=ADDTIONAL-INFORMATION mailto:more-details@21cn.com?subject=SUBSCRIBE ================================================================= DISCLAIMER: The Contrarian has received a fee of shares of European American Resources, Inc. common stock for the writing and distribution of this report. The Contrarian and/or its affiliates currently own shares of EPAR, and may buy or sell shares at any time after the dissemination of this report. Because the publisher owns this stock, there may be a conflict of interest in The Contrarian's statements and opinions. The Contrarian is not a registered investment advisor, broker or dealer. Purchase of this stock may be considered speculative, and may result in the loss of some or all of any investment made. ================================================================= Please double click on the below link to be excluded from further communication. mailto:delete65@uol.com.ar?subject=delete ================================================================= THE CONTRARIAN BUY ALERT: European American Resources, Inc. Symbol (EPAR-OTCBB) Recent Price - $.66 52 Week Range - $.53 - $1.68 Estimated Float - 5.9 Million Shares Outstanding - 16.2 Million Shares
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