THE DOUBLER - NEW BUY OPINION: European American Resources, Inc. Symbol: EPAR (OTCBB) Recent Price - $.375 52 Week Range - $.21875 - $1.6875 Estimated Float - 5.9 Million Shares Outstanding - 16.2 Million Shares Gold mining stocks have been a neglected group during this great Bull Market. Many financial advisors suggest putting a small percentage of a portfolio (3-10%) into precious metals as a hedge against inflation. With oil prices hitting multi-year highs, we are advising purchase of European American Resources (EPAR), currently trading near the low for the year. EPAR'S largest property in Nevada is located right between two successful gold mines operated by Homestake Mining (HM-NYSE-5 5/8), one of the top gold companies in North America. EPAR recently agreed to a joint venture with HM, where Homestake is financing 100% of the drilling costs. If the digging is promising, European American could be a takeover candidate at a high multiple to the current price. In fact, HM has acquired three of the last five companies that they entered into similar joint ventures with. Also, Nevada is known as one of the lowest-cost areas to mine gold, and EPAR'S Prospect Mountain property is right next door to HM'S Ruby Hill, which runs at a rock bottom cost of $64 per ounce to mine gold. Our philosophy is to buy stocks with the potential of doubling over a short-term period. After they reach the doubling point, we advise selling half of your position, so the remaining shares are in your portfolio on a "FREE" basis. We recommend buying EPAR at any price up to $1.50 per share. DISCLAIMER: The Doubler has received a fee of 5000 shares of European American Resources, Inc. common stock for the writing and distribution of this report. The Doubler and/or its affiliates currently own shares of EPAR, and may buy or sell shares at any time after the dissemination of this report. Because the publisher owns this stock, there may be a conflict of interest in The Doubler's statements and opinions. The Doubler is not a registered investment advisor, broker or dealer. Purchase of this stock may be considered speculative, and may result in the loss of some or all of any investment made. If you would like to be included in our mailing list to receive information regarding possible stock possibilites, e-mail us at [EMAIL PROTECTED] or print out this letter, fill in the blanks and fax us at (727) 942-0341. Name_________________ E-mail Address ________________ Telephone Number: ( )___ - _____ If you would like to be removed from our mailing list, please e-mail us at [EMAIL PROTECTED]
