Likes management. Note that there is nothing immediately happening. It’s not something to chase, but just accumulate over the summer. Turkey is not bad at all, it is a democratic system. Their mining code is working. He thinks they have permitted 10 mines in 10 years. This company is technically very, very competent. Sitting on $15 million. They have one discovery that they made, which they have 40% of. The TV Tower project is multiple centres of mineralization, copper, copper/gold, silver. They are just now getting the opportunity of drilling it like they should, so he likes the potential there.

A great group. Have about $30 million in cash, that will last them 5 years at the rate they spend it. Have a joint venture with Freeport and made a discovery of a high grade, high sulfidation copper/gold system, and basically have 65 million tons of 2.1% copper and 1.2 g of gold. Very rich and very economic. Freeport is looking for that plus the portion that comes down below it, which should be. They’ve done a lot of to deep drilling and there are 4 rigs on site right now.

Markets. There are rays of light. This year will be better than last year. We are bouncing along the bottom. Quality is going to rise above the rest and so mining is where we want to be. This will be a fantastic year to acquire the few fantastic companies out there. We are down 80 something percent from the peak in 2011. We are seeing peak gold production right about now and it is projected to drop off. The peak in discoveries was in 1995 and it takes 10 to 20 years to put a mine into production. Mines are now starting to run out of ore. There are a lot of deposits out there that are margin to uneconomic to extract. You need to identify the few projects that are economic. As soon as an investor finds his thesis is not working, he needs to sell and move on.

It is an interesting science project. It is hard to tell if they will make money or not. It is hard enough mining this, but at these depths even harder. It is hard to get a handle on their reserves. Prefers techniques that he knows work.

Mongolian mines: They have made so many tries. They are still fighting with the government there. The government has shown themselves to be indecisive.

This has been a tough play. They have a high grade pod that they hope to direct ship. The guys are hard working and sincere, but he would wait to see how it goes and see if they can pull it off.

They are very narrow veins. It is a complicated deposit. He has issues with how they are taking some of these narrow vein intersections and projecting them off. It could be a decent play, but he is not comfortable with it.

This is going to take a long, long time. There are issues with salmon fisheries and so on.

Bought in December/November and sold half since then. It has good grade and is one of the remaining good gold deposits held by a junior. They are looking at production into 2018. If it dropped more, he would buy more.

(Top Pick Mar 4/14, Down 7.94%) He sold. If you are going to buy it you have to follow it and when things go wrong you have to sell. If he sees political problems he gets out. It is a good, high grade deposit and a good project. In retrospect he should have held on.

(Top Pick Mar 4/14, Down 44.00%) He sold it for a small profit when it became apparent that they would not be able to raise enough capital. You have to follow these things. Technically they are very good, but were not successful in raising money when they needed to.

They have the best new Uranium discovery anywhere in the world. They just did a hole on land. If they can build out a resource on land it will be much more attractive. Current holes under a lake.

A fantastic deposit in Newfoundland and then the iron price dropped so now he thinks it is dead money. He got out and lost money.

Costs are in the order of $6.50-$7.50. It looks like it is going to work.

Impressed with their operational abilities. Their projects are going to make good money.