Jean-Francois Tardif Primary Metals Inc PMI-X-DEAD BUY Nov 29, 2005

Had earnings of $0.21, so they are doing extremely well. The price of tungstan has gone up substantially in the last few years. Cheap.

Jean-Francois Tardif

Owned

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$2.870

Stock price when the opinion was issued

precious metals

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BUY

The trend they are drilling on now in Ghana, is very exciting. Drill results have been good and more drill results are on their way. President just died, but feels that management will be able to carry on.

DON'T BUY

A tungsten producer. China produces 80% of the world's tungsten. If their production and exports go up, then the price of tungsten drops. Relatively cheap. Illiquid, so prefers other base metal stocks.

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Jean-Francois Tardif Primary Metals Inc PMI-X-DEAD BUY Nov 29, 2005

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