Canaccord Adams metals analysts suggest that it may be time to accumulate small cap/mining exploration stocks that offer good value.

Author: Dorothy Kosich
Posted: Tuesday , 23 Dec 2008

RENO, NV -

" Diamonds: "This has been the least interesting sector in mining over the past five years in our view. ...With metal prices off, rumours suggest BHP and Rio Tinto are ramping up diamond exploration activities.

In addition, advanced plays by Peregrine and Diamonds North could create renewed interest."

http://www.mineweb.com/mineweb/view/...

Canaccord Adams highlighted 12 small-cap mineral exploration/development companies that have "strong working capital positions, above-average strong portfolios and strong management teams." They include:

B2Gold, Colossus Minerals, Exeter Resources, Fronteer Development Group, Hathor Exploration, Lake Shore Gold, MAG Silver, Minera Andes, Northern Dynasty Minerals, Rainy River Resources, Silverstone Resources, and Ur-Energy.

"We expect additional M&A activity to drive some renewed speculative appeal over the next several months," the analysts advised.

Canaccord Adams outlined several possible M&A targets including

Anatolia Minerals, Andina Minerals, Aquiline Resources, Bear Creek Mining, Candente Resources, Canplats Resources, CGA Mining, Colossus Minerals, Comaplex Minerals, and Corriente Resources.

Other prospective M&A targets include

Detour Gold, Donner Metals, GlobeStar Mining, Grayd Resource, Hathor Exploration, International Tower Hill Mine, Minera Andes, Osisko Mining, Rainy River Resources, Rubicon Minerals, Tournigan Energy, Ur-Energy and VMS Ventures.