Zinc

[Tackler]

Globe says get your portfolio in tune with Blue Note

2007-04-18 05:07 MT - In the News

The Globe and Mail reports in its Wednesday, April 18, edition that Mavrix Small Cap Fund manager Roger Dent sees plenty of opportunities for making money investing in the microcap section of the market. The Globe's Angela Barnes writes in the Best Bets column that Mr. Dent says good microcap picks are not difficult to find. Mr. Dent recommends investors play Montreal-based Blue Note Mining. The company is in the final stages of restarting a mine in New Brunswick that has been out of production since the mid-1990s. Mr. Dent says it should be producing zinc in about three months. The move from non-producer to producer should cause a change in the way the market looks at the company and attract more analyst coverage, says Mr. Dent. "Blue Note is one of the more interesting metal stories in Canada over the course of the next three to six months," says Mr. Dent. Blue Note shares finished Tuesday at 43.5 cents on the TSX Venture Exchange. The stock has a 52-week trading range of 52 cents to 25 cents. Mr. Dent's portfolio currently has limited exposure to the energy industry. He says, "We will look at the energy space more actively as we move into the 2007-2008 heating season."