Posted AT 7:00 AM EDT on 04/12/07
Fears make resources sparkle
Hedge fund manager Otto Spork believes the pummelling taken by resource stocks because of fears that the U.S. subprime mortgage mess would slow down the North American economy has created buying opportunities.
"We are looking to buy on this weakness," the portfolio manager with Toronto's Sextant Capital Management Inc. said an interview.
"We feel that certainly the junior gold and other resource stocks are nowhere reflecting their true value.
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