The deeper they are drilling down on Rice Lake in Manitoba, the better the grades are becoming.

Have operations in Nevada. Open pit mining. The only thing that puts him against this company is that they are starting the habit of hedging gold. He has 10% hedged at $800. This will probably run with the junior companies if gold goes higher.

Gold mining in Ecuador. Recently had a pullback because of concerns about Ecuadorian politics. Stability agreements are currently being negotiated and once they are signed, you'll probably see takeover activity. He is not concerned. Will probably become a takeover target.

Platinum prices are high because of problems in South Africa, with their endemic power failures. This company could well be a takeover target by Exstrata (?).

Just announced a gold find in the Red Lake area. This is a good area for gold. News flow will probably keep this company moving.

A dilemma for him. Has a very hefty market capitalization, which is a concern. Have a discovery but don't have an N33101 so he doesn't know the size of it so it is purely speculation now. Location is totally infrastructurally challenged with a bog land. Geologically in a very interesting area with potential of a very large nickel type deposit. Neighbouring titleholders’ market capitalization is just a fraction of this one’s.

Iron ore has become the new gold. China has consumed so far, 2 billion tons of steel and this could go up to 10 or even 20 billion. This is probably a good place to be for at least the next 2 years.