Taylor says buy EAM...
Jay Taylor, in the Feb. 17, 2016, edition of Gold, Energy & Tech Stocks, says buy East Africa Metals Inc., recently five cents. This is the first time he has recommended the stock. He has not paid much attention to it previously because he is no fan of Africa, but now he is making an exception for Ethiopia, which seems relatively stable and has solid infrastructure in East Africa Metals' area of focus. That would be the East African Shield, where the company has outlined roughly 1.6 million ounces of near-surface gold and gold equivalent resources at its Harvest/Adyabo projects. This resource estimate "barely scratched the surface," says Mr. Taylor, calling it "unimaginable that [it] won't grow into something much, much larger" as the company continues exploration. To finance exploration, East Africa Metals is planning a small-scale heap-leach mine that could start operating as early as this fall. Its ultimate goal, says Mr. Taylor, is to use the cash flow from the mine to explore for a massive deposit that will attract an offer from a major gold producer. Mr. Taylor concludes that "a 10-fold increase in this company's valuation within the next 12 to 18 months ... is certainly within the realm of possibilities."