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Brent Cook Rainy River Resources Ltd RR-T COMMENT Jan 07, 2010

Recently had some good high-grade intersections over decent widths. Original plan was a big, low-grade open pit deposit but not looks like it may work better with a high-grade underground deposit.

Brent Cook

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$4.140

Stock price when the opinion was issued

precious metals

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TOP PICK

Gold. Exploration, not production but has an identified resource. In Ontario so no political risks. Very large exploration budget and has been very successful. Have allocated money for 2011 program. Extending their drilling deeper where grades are better. Expect to see a new and larger resource by next year.

PAST TOP PICK

(Top Pick Dec 1/09, Up 321%) Great management, 5 Million oz gold in Canada. Has not trimmed his position. It’s getting a little expensive.

PAST TOP PICK

(A Top Pick Oct 28/10. Up 34.47%.) Still likes.

COMMENT

Sold his holdings because he wasn’t comfortable where management was taking it. New management has turned it around. Large disseminated deposit and the question is, how disseminated is it really. They are at the stage where the question is what is this thing and how are they going to mine it.

PAST TOP PICK

(Top Pick Oct 28/10, Up 1.39%)

PAST TOP PICK

(A Top Pick Oct 28/10. Down 21.02%.)

HOLD

Has it as a high but discontinuing coverage because they want to concentrate on other ones. They have been growing and is one of the exploration companies where they quantified a pretty big resource. A good time to average down or hold on.

COMMENT

Likes their Northwest Ontario project. Bulk tonnage lower grade type deposit that has fallen out of favour to market sentiment. Management has been trying to find lower-cost zones and will be releasing updated numbers likely within the next few months. Good management.

BUY

Has this as an “Outperform” with a target price of $7. This is one of those that require patience for it to come around. Good asset with good management.

COMMENT

(Market Call Minute.) Big deposit in Ontario. Good location. Good infrastructure. Pretty smart miners and they have re-jigged it and he likes it.

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Brent Cook Rainy River Resources Ltd RR-T COMMENT Jan 07, 2010

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