Peter Hodson Scandinavian Minerals SGL-T(Dead) BUY Nov 20, 2006

Only has $100 million market cap. Have to raise $120 million to get their nickel mine into production in 2009. Not widely followed. At current nickel prices, they are trading at less than 1 X earnings.

A very simple nickel mine in Scandinavia. Not in production yet and are getting their permits now. They will produce in 2010. Very cheap.

Very interesting nickel deposit. Legitimate takeover candidate.

Has a nickel deposit in Scandinavia, a very attractive project. It will be difficult to receive the financing they require. Don’t want exposure in base metals. Very cheap. Stock wont go anywhere.