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...
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