Canadian Stocks

[andy8033]

another link for HBK dd
http://primed24.wordpress.com/2012/01/04/highbank-resources-hbk-update/

Highbank is still trading significantly higher then the 5 cent level where it was recommended. The current price is 8 cents. There are 2 stories driving this stock right now. The first is their large aggregate deposit which is worth in excess of $1 per share and the second is their highly prospective Copper project which is in a fantastic location.

Earlier this year Highbank won a court case over the rights to the aggregate deposit which has been held up for several years due to the dispute. Prior to this dispute highbank traded between 20 and 40 cents with a high of about 70 cents. The combination of the dispute and the 2008 market crash destroyed this stock price. Having reached a resolution it would be expected that this stock will rally back to the 20 cent level which would mark a 4 bagger from my recommendation price. The latest update on the aggregate deposit is that HBK is proceeding with proper permitting to take the deposit into production. This will provide capitol to fund other exploration activities.

The second story is the copper play. We have been waiting on drill results since November 4th 2011 when the program was completed. The property is located between the 2 largest copper mines in BC and sits on the same structural trend. Needless to say, the grades should be nice from these drill results and the potential for an offer from one of the existing mines is almost a certainty if these results are good. Nothing is a guarantee but the location is right.

The stock spiked in 2007 to 70+ cents on the aggregate story alone. With the copper and aggregate stories working together I hope to see this stock trading above 50 cents in the next 1-2 years with will make it a 10 bagger from my recommended price of 5 cents.