Jean-Francois Tardif Scandinavian Minerals SGL-T(Dead) BUY Aug 07, 2007

Have a nice asset. Could put it in production with a very small capital expenditure. Management owns 20% of the Company. Very cheap.

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.

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.