Peter Grandich Adriana Resources Inc. ADI-X TOP PICK May 11, 2007

Very successful management. Drilling a very interesting nickel/copper project.

Peter Grandich

Owned

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$1.160

Stock price when the opinion was issued

metal mines

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WATCH

Management is good, has had past successes with other companies (Eldorado Gold). This is a company to keep your eye on.

BUY

Strong management. A consortium of projects from uranium to iron ore. Not a big story yet because they haven’t gone out and beat the bushes.

HOLD

Iron ore producer and they need to get their product to market. Canadian National (CNR-T) was going to be the provider but pulled out so there is no railway or infrastructure to get iron ore to market. Plus iron ore has been under a lot of pressure.

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Peter Grandich Adriana Resources Inc. ADI-X TOP PICK May 11, 2007

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