COMMENT

(Market Call Minute.) Doesn’t understand the gold deposit well enough to own it at this price.

COMMENT

(Market Call Minute.) This is going higher. It’s in a new high grade zone. He really likes what they are doing.

TOP PICK

Robert Friedland is the most successful mining financier of his generation. This company has 3 world scale projects in it. It is very well funded with over $500 million in cash in the company. This is as good a pick as he has had in 40 years. Understand there is political risk, which is high.

TOP PICK

He has invested 3 times before with this management, which has been highly successful. This will be his 4th time.

TOP PICK

This is subject to a takeover offer from Nevsun (NSU-T). The knock against Nevsun is, will they do something stupid with the $400 million that they have in the treasury. The next question is, how do they grow, by buying the superb deposit in Serbia. He expects Nevsun will go up substantially in price having acquired this company. The cheaper way to play this is by owning the company that is being acquired.