Paul VanEeden Radius Gold RDU-X BUY Jan 13, 2006

This company had developed a project in Nicaragua called Natividad which they joint ventured to Meridian Gold. Meridian came in on the first round of drilling, the drill results were disappointing and the stock fell quite dramatically. That reduction was maybe a little overdone, was justified by the drill results as they were disappointing. Sold a little bit of his stocks when it was falling but when it got to $.80/.90 he stopped selling. When it got around $.70 it wasn't worth selling but because of his significant holdings, he hasn't bought any more. The update is that Meridian is coming back in the first half of this year and they are going to commence another regressive second round of drilling. What could have happened is that the first round was too shallow so they are going to drill deeper. In subsequent prospecting they identified an additional gold zone so they are going to follow up on exploration there. Radius has also generated an additional project in Nicaragua and have also been generating projects in Mexico. The company is still very active. Good management team and a very strong treasury.