Opinions

Robert Cohen B.A.Sc., MBA, CFA Elysee Development Corp ELC-X BUY Jul 31, 2006

A junior exploration company but Contact Lake is a very rich mineralisation area. Home to several historic silver and uranium producing mines. There is a good chance they will have some good results.

Robert Cohen B.A.Sc., MBA, CFA

Owned

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$1.670

Stock price when the opinion was issued

precious metals

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HOLD

This is a project in the north-west territorials. A potpourri of geology. A little bit of everything, uranium, base metals, precious metals. Any one of these deposits could prove to be exciting.

BUY

Feels the company is in the right geological area, which is why the stock has had such a huge run over the last year.

COMMENT

Had made claims where there where past uranium mines. Contact Lake also has iron oxide, copper and gold deposits. Likes that they are in an area that has been producing in the past. Very early stage and needs a lot more information from drilling.

HOLD

It's really fallen off. It's a pure exploration play, he's happy with a market cap of 20-30 million, the risk is more in your favor. Has a terrific project, are drilling it this summer. Very well managed company.

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Robert Cohen B.A.Sc., MBA, CFA Elysee Development Corp ELC-X BUY Jul 31, 2006

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