Globe says Minera, others could be takeover targets

2010-09-15 06:40 ET - In the News

Also In the News (C-ANM) Antares Minerals Inc
Also In the News (C-AZC) Augusta Resource Corp (2)
Also In the News (C-CUU) Copper Fox Metals Inc
Also In the News (C-FWM) Far West Mining Ltd
Also In the News (C-NCU) Nevada Copper Corp
Also In the News (C-TRX) Terrane Metals Corp

The Globe and Mail reports in its Wednesday, Sept. 15, edition that CIBC World Markets analyst Ian Parkinson has done an extensive review of junior copper producers that trade on the Toronto Stock Exchange, combing through more than 160 companies and more than 200 projects to determine which players are most likely to draw the acquisitive eye of large mining companies and sovereign wealth funds in China, India, Brazil and other developing economies. The Globe's Simon Avery writes in the Number Cruncher column that Mr. Parkinson says merger and acquisition activity is set to jump in the space and investors who choose the most attractive junior players will see substantial returns. He says, "In very simplistic terms, we believe if you're long what China's short, you're in a good position." Mr. Parkinson recommends buying Minera Andes, Terrane Metals, Augusta Resource, Antares Minerals, Far West Mining, Copper Fox Metals, Nevada Copper.