DESCRIPTION: 49 North Resources Inc. is Saskatchewan's first publicly traded resource investment company. Investments are directed towards mining exploration and coal, oil and gas developments. 49 North provides excellent Saskatchewan-focused exposure to: potash, uranium, diamonds, base and precious metals, rare earth elements and oil and gas.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"49 North Resources Inc., headed by Tom MacNeill, recently acquired additional shares, which brings their total ownership up to 20%. Saskatchewan's infrastructure is excellent with the border property being located near to major highways, railway and power. Some of the key aspects of the project are the quality of the coal, the open-pit mineability of the deposits and the comparability to coal mined in the Powder River Basin."
Michael Berry, Morning Notes (12/15/09)
"There's a very interesting fund, the 49 North Fund, which is run by Tom MacNeill out of Saskatoon. It has a lot of exposure to Saskatchewan assets, including uranium, gold, coal and phosphates. This fund is a sleeper, and it's certainly worth looking at, I think."
Michael Berry, Morning Notes (07/17/09)
"Something quite different in the resource sector is called the 49 North Resource Fund. It's basically an incubator fund for the Province of Saskatchewan and kind of discovery investing in practice. It's run by Tom MacNeill, who finances a lot of these early stage opportunities, and he's doing a great job of it. He has gold in the portfolio, as well as uranium, potash and coal."
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