(A Top Pick May 1/06. Down 30%.) One of the best-managed exploration companies in the world. Likes grass roots generative discovery teams. Good price.

(A Top Pick May 1/06. Down 35%.) Superb management. Focused in Brazil.

(A Top Pick May 1/06. Up 10%.) Morphing into a financial business. Have 0.3% of a smelter on Inco’s Voisey Bay, a joint venture in uranium exploration, a copper/gold deposit and currently doing a feasibility study on a new refinery in Labrador.

Likes the management. Have some ground staked in the James Bay area. Initial results were not great and the stock took a beating. Not excited about any of the James Bay area plays.

Monster gold deposit in Romania. A lot of resistance has hampered their progress. Also have to acquire 1000 homes and government buildings for surface rights in order to develop the mine. They have only acquired half.

Their Ecuadorian properties are a far more exciting than its Newfoundland assets. Exploration costs in Ecuador are being funded by another company.

Their deposit is very exciting. There is a huge silver resource in Corani, Peru. The trouble is, it is remote and at a high altitude and the grades are low. Would like to see what impact the altitude will have. Too early.