EAST ASIA MINERALS (V-EAS)

EAST ASIA MINERALS (V-EAS)

Once upon a time, particularly way back when East Asia

Minerals was just yours for a couple of quarters, the Coffin

Brothers were about the only people out there that had

heard of East Asia and was following their story. Now, sud-

denly analysts are starting to take a look at this story as its

size is getting to a point where it can’t be ignored.

So what are the Coffin Brothers saying now? Well, this is

from Sunday’s Hard Rock Analyst…“Drill hole EDM014 test-

ing further north and uphill from most past drilling that re-

turned 101 metres of 1.38 g/t gold that included 58 m of 1.95

g/t. This is in keeping with the established pattern, but con-

firming the breadth of the system is still important. More

speculative but potentially much more interesting was a sec-

ond release indicating that surface sampling in the Moon

River area has returned significant gold values of up to 1.76

g/t. This is the area north and on the other side of the hill

from the main Miwah zone, and appears to be its extension.

This sampling would at least double the scale of the main

Miwah mineralization, and given gold grade runs to within

100 metres of the intervening peak this could be treated as a

single large deposit with a small cap of waste rock. Drilling

is needed to properly assess the Moon River results, but

since the project already has starter zone material outlined

the Moon Rivers extension needs only viable grade to be

accretive. Since geophysics indicates that in the system

may continue all the way to the Sipokok showings a further

1.5 km to the north, it is possible that Miwah may go from

the “big” to the truly “world class” scale that would garner

interest from all of the gold majors…”

COXE COMMODITY FUND

Don Coxe’s Commodity Fund is still significantly dis-

counted to where it was issued some time ago, but the

popular commentator is certainly doing a lot better than six

to eight months ago...like a lot of things.

His latest comments from the December, 2009 Basic

Points he makes the following observations: 1) Remain

underweighted in US equities. 2) Overweight Emerging

Markets such as China, Hong Kong, Brazil, India and Ko-

rea. 3) Remain overweight commodity stocks. 4) Empha-

size gold stocks in commodity stock accounts. 5) Con-

tinue to overweight the agriculture stock. 6) Maintain ex-

posure to energy stocks, but continue to emphasize oil

producers and to de-emphasize natural gas producers.

He writes, “Cash isn’t a true risk reducer, because it

delivers no yield and cannot rise if there’s a new panic. If

you must own something that pays you nothing, buy gold.”

His last point, “Canada offers better government, better

governance, a better currency and a better stock market

than the USA. Buy Canadian.” Interesting...

AN UPDATE WITH JOE MARTIN CAMBRIDGE HOUSE MINING COFERENCES

(As of December 18, 2009)

We used to have a lot of fun with Joe Martin because the

guy who runs the Cambridge House mining shows across

the country in places like Toronto, Montreal, Vancouver

plus down in the states as well – with his contacts with all

the best mining people, best analysts, you-name-it – we’ve

had fun with him over the year because when he picked a

stock, it never seemed to perform. Lately however, things

have changed as all of a sudden Joe has been picking

stocks that have doubled, tripled and even better. So we

have to find out what the heck is going on!

David Pescod: Joe, you are just back from a trip down

south, can you tell us a bit about it?

Joe Martin: We went down late October/early November to

Guyana and we had a look at Sandspring Resources property,

it’s been an old alluvial mining gold area there for some

years, but they have been doing a lot of drilling there and

they have proven up an ore body. We were delighted to

buy into the deal and I think it started trading about 2 ½

weeks ago at $0.30, and I believe it is up over $1.00 right

D.P: Now you’ve got big expectations because this is the

stock you are currently picking for the next year I under-

J.M: The principals who are behind it, I am very impressed

with their mining background. John Adams who made a

career with uranium mines in Wyoming is behind it. The

guy heading it is Abraham Drost out of Thunder Bay. They

have a great line up of talent there and I understand there

are more things coming. I understand there are lots of peo-

ple looking at the project and I believe the concept of this

project is not to get into mining, but to prove up the ore

body and sell it off to a large company.

D.P: There is lots of speculation about just how many

ounces they might have. What would you feel safe talking

about at this point?

J.M: Around four or five million ounces.

D.P: Wow! So you are not being shy about this at all! Are

you saying this is another Martin pick that will be a double

or triple?

J.M: Yes it is.

D.P: We’ve been through cycles before and you’ve seen

more cycles than most people. Lots of people talking

about gold these days, people who never would have

talked about it before. We are wondering if this isn’t just

another bubble like high-tech, real estate, oil or whatever

we’ve gone through in the last decade. How long can you

see gold going and how high?

J.M: I am not an analyst or anything David, what I see is

the return of a number of companies that are financing

and participating in our conferences.

Our business

dropped about 55% from 2008 into 2009, but we are seeing

a turn around right here as we go into 2010. We are pretty

much sold out for our January conference. I see a lot of

financings and really, really good bargains. The other

thing I am seeing is the juniors are quick to step in wher-

ever there is a void and the rare earth metals are certainly

hot right now. I think gold has gone beyond being a sup-

ply/demand situation. It’s gone into its own currency level

now.

D.P: Just how high can you see gold going. But once

again, we want to corner you with the question – is this

something that will last six months, 12 months, or does it

go for two or three years?

J.M: I think the gold play is here for several years. Gold,

silver and precious metals and I wouldn’t predict a price,

but sure, I follow Jim Rogers as it will hit $2000 an ounce

sometime. Maybe not next year, but probably the year

after. I just don’t see it dropping right now.

D.P: A lot of people know about the Cambridge House

shows, but for those that have never followed junior min-

ing stories before, you next show in Vancouver is having

a bit of a problem because of the Olympics games and all

that. You are now set up in an interesting way…can you

explain?

J.M: Yes, we cannot get the Convention Center. We have

first right of refusal on those times except from the owner,

which is the Government of BC. I believe last September

they have shut the Convention Center down to be ready

for the Olympics. So we are using the Fairmont Hotel

(Vancouver) and the Hyatt Regency and we are going to

have people walk back and forth between the two hotels.