Fronteer Development Group (FRG.TO)

In uranium they were very impressed with the story of Frontier Group (FRG-T). Also looked at UEX Corp (UEX-T). If you are going to play uranium, pick 5 and take a 1% position in each and hope that one or two really work out.

Have about $21 million cash for exploration in Turkey and Labrador for both gold and uranium. On their radar screen. Would like to see some mining. Speculative.

A huge bull on uranium.

(A Top Pick June 9/04. Down 45%.) Took off because of some positive uranium results. Could fall back a bit, so wouldn't chase at this point.

Just bought five gold exploration projects in Turkey. Two of them have a small resource which he feels is only the tip of the iceberg.