Will be shipping gas this year. Prospectively 10,000 BOE's per day. Concerns on president Chavaz renegotiating contracts is a risk.

Restructuring. Expects the junior exploration sector to be broadly lower this year, so would look to establish a position in August and increase the position in December.

Nervous about what they are doing in Madagascar. A very large capital project. Doesn't have the guts to own it at this price. (Owns their joint venture partner FNX Mining (FNX-T).)

When they abandoned the business plan of prospect generation (generating projects and using other peoples money) he had to sell. Very attracted to what they are doing in Peru. Expects they will go lower given the concentrated nature of the ownership.

A prospect generator. They use their technical and business acumen to develop exploration targets which are funded by other companies. In the context of mineral exploration speculation, the whole genre of "prospect generators" is the way that almost every retail investor should be playing the market.

Good management. Copper producer out of Chile. Has a molybdenum recovery operation which will substantially enhance revenues going forward.

Very leery of the explosion of uranium vehicles. Wouldn't hold out much hope on the uranium, but on the coal side they are doing a better job. The idea of a mine mount power plant in the Yukon is attractive. Will require more capital than the company has.