Have projects in Nevada and French Guiana. Until recently, French Guiana was a tough place to explore. However, the government has mapped out areas where you can mine open pit, areas where you can mine underground and areas where you cannot mine. That is a huge plus. Have a large deposit in French Guiana of about 4.5 million ounces at 1.4 g. The best thing is that they have a joint venture with Nordgold which has been pretty successful in West Africa. The deal is that Nordgold has to produce a feasibility study of at least $30 million to earn just over 50%. Because of this, this company is carried free all the way to that point, which is a fantastic deal for them. There should be a PEA coming out shortly which should give a better handle on what it looks like.

One of the few mid-tier gold producers that has got 2 high quality, high margin deposits coming on line. The 1^st one is in Namibia and the 2^nd is in Mali, which they are starting to bring in production now. Going forward, he thinks this represents one of the better mid-tier gold companies out there.

They are on to a Witwatersrand basin deposit in West Australia. There is a mineable portion sitting at surface that they are trying to get going, and he has no doubt that there are millions of ounces there. What portion of that is economic, he doesn’t know. Have done a fantastic job, and the stock has come off quite a bit.

One of the better companies that follows the prospect generator model. They generate the ideas and then bring other people in to spend the big bucks. Have been successful in attracting partners and have found a few things in Turkey. They own a piece of a company that owns 51% of a billion ton deposit of copper, grading .5%, located in Eastern Russia. If they can manage to sell that off to another group, it could be a huge win. He personally would not put money into Russia.

(A Top Pick March 4/14. Down 45.96%.) Very cheap. Have a market cap of $38 million and $21 million in cash. Have a very strong joint venture with Yamana Gold (YRI-T) on a project in Chile. Management is one of the best explorationists out there.

(A Top Pick March 4/14. Up 15.87%.) Sold his holdings in Oct/14 when there were political problems in Burkina Faso. Good high grade deposit that they are moving ahead with and it is fully funded. Good project. If you own, continue to Hold.

(A Top Pick March 4/14. Down 74%.) A fantastic, unique proprietary technology, where they can detect gas leaks from helicopters. Have been contracting a lot of pipeline companies and gas companies. They couldn’t generate enough free cash flow to keep going and need to raise money to build another one of their machines. This is why he sold his holdings. Long-term he thinks it is a pretty good company with fantastic upside.

Have made a fantastic discovery, but is deep and probably not open pittable, so involves a lot more technical studies and a lot more expense. He likes to own projects that he thinks someone would buy. They have been putting on some fantastic holes, but they have long intersections.

Probably some of the best undeveloped deposits in the US. Nice grade, big, multimillion ounce with a bit of antimony kicker. If you are looking for something with leverage to the gold price, this is probably it. The drawback is that it is a big CapX of probably $700 million plus to build, and is a long permitting process.

They have 42% of the Juanicipio deposit in Mexico. Probably the best, highest grade silver deposit out there held by a junior. Have recently been finding additional mineralization at depth at a lower level, which is not uncommon in Mexico. Looks pretty positive.

Has been to their projects in Peru and Mexico. Solid underground miners and knows what they are doing and knows how to make money.

Just announced a 2^nd discovery from their 144 zone. They have certainly done well and he doesn’t see a lot of downside. Doesn’t see anything wrong with this company at all.

They were active in Nevada for quite a long time with a number of joint ventures, and finally basically pulled out. Their partner is developing a small gold mine in Alaska, which they will receive some revenue from once it gets up and going. They have focused on Colombia and are finding a couple of zones that look pretty interesting early on. The advantage with these guys is that they are spending other people’s money exploring. This is probably a good time to be in Colombia because everything has gotten cheaper and everybody has just about left, yet it is still one of the better prospective gold provinces globally.

Very smart guys. What he has seen is what they have defined in the Resource and done in their PEA. It is a number of laddered veins that pinch within a structure. They don’t hold together that well, and the kind of angle created is very difficult to mine. He thinks the PEA and Resource has to be completely redone. They are starting to find some higher grade structures that seem to be feeding into these low angled structures. If they can start drilling the structures and show that these veins are in fact really feeding it, which changes everything. He is watching it.

This is a real problem with mining companies that go into production. If we could plot this company’s market cap, you could see it going up, but the share price has not done very well. What this means is that they keep issuing and issuing shares to build. They get production, but the problem is that as shareholders, we get no benefit.