Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Pele Mountain Resources (CDNX: GEM) is the top speculative idea for 2007 from Yola Edwards -- for those speculators who are fully aware of the very high risks inherent in a low priced junior mining stock.

The editor of Yola's Charts says, "Diamonds are a girl's best friend, so the saying goes, but add to that, a mix of gold, uranium and base metals and you have a gem of a company. Pele Mountain Resources, which explores and develops in northern Ontario, is virtually unknown.

"Pele owns 100% of its Elliott Lake uranium project, which was abandoned years ago when falling uranium prices undermined the property's economic viability. However, global demand and limited supply is expected to support the resurgence of uranium prices.

"Technically, the stock has traced out a solid three-year saucer base from 2003-2006 and has recently broken out to the upside with several significant upside breakout points. The fifth primary wave advance, of the first wave of intermediate degree, should complete at about $1.70.

"But in my view, that's just the beginning. Future reports may confirmed the continuation of the mineralized zone within the Elliott Lake boundaries; if so, this stock would be grossly undervalued. Pele Mountain has 63.2 million shares outstanding and is debt free."

To see Yola's favorite conservative stock for 2007, click here.