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Company Name Canadian   Link to Yahoo Linked to Link to Yahoo               Stocks in  1 Month      
(click on the company name for  Insider   U. S. Company News U. S. Canadian Expiration Exercise Exercise   Wts  Price the money Historic   Fair  
number of warrants trading, Latest Warrant Symbol Cdn Stock Symbol Warrant Date Price Price Leverage per     of   (Intrinsic Volatility Warrant Market Comments
company website and warrant PRs.) Activity CUSIP NO Stock Symbol Warrant Symbol   US$ Cdn$   Share Common Value) Annualized Price Value  
Envoy Communs Group Inc T.ECG 29413B 11 3 ECGI T.ECG   ECG.WT  20-Feb-09   $9.00 104.8 5 2.62 -6.38 89.10% 0.005 $0.04 Bargain
New Gold Inc. T.NGD 644535 11 4 NGD T.NGD NWGOF.pk NGD.WT  29-Feb-08   $12.00 93 1 5.58 -6.42 40.80% 0.06 $0.00 Very Overvalued
Central Sun Mining T.CSM 379462 11 2 GLE T.CSM GLECW.pk CSM.WT  26-Nov-08   $8.75 75.5 1 1.51 -7.24 85.30% 0.02 $0.01 Overvalued
Copernican British Banks Fund T.CBB-UN 21727V 11 7   T.CBB-UN   CBB.WT  14-Jun-10   $10.00 52.6 1 5.26 -4.74 54.00% 0.1 $0.88 Bargain
European Premium Dividend T.EPD.UN 29879E 11 4   T.EPD.UN   EPD.WT 12-Nov-10   $10.00 48.82 1 8.3 -1.7 82.60% 0.17 $4.16 Bargain
Sentry Select Global Real Estate T.GRE-UN 81733G 12 4   T.GRE-UN   GRE.WT 31-Oct-09   $10.25 47.78 1 8.6 -1.65 38.40% 0.18 $1.43 Bargain
Acuity Small Cap T.ASF 00509R 10 6   T.ASF   ASF.WT  15-Jan-10   $12.00 40.88 1 6.95 -5.05 89.80% 0.17 $2.48 Bargain
Enervest Energy and Oil Sands  T.EOS.UN 29276F 11 0 EOSOF.pk T.EOS.UN   EOS.WT 2-Oct-08   $8.70 33.25 1 7.98 -0.72 30.50% 0.24 $0.64 Bargain
Focused Global Trends Fund T.FTF 34416R 11 5   T.FTF.UN   FTF.WT  30-Jul-10   $10.25 32 1 8 -2.25 68.70% 0.25 $3.04 Bargain
Focused Global Trends Fund T.FTF 34416R 11 5   T.FTF.UN   FTF.WT  30-Jan-09   $10.25 32 1 8 -2.25 68.70% 0.25 $1.63 Bargain
Skye Resources T.SKR 83081N 11 5 SKRZF.pk T.SKR   SKR.WT  13-Mar-08   $12.36 30.7 1 6.14 -6.22 75.90% 0.2 $0.00 Very Overvalued
Lateegra V.LRG 59318A 11 8 LRGFF.pk V.LRG   LRG.WT  1-Dec-08   $1.50 29 1 0.145 -1.36 161.70% 0.005 $0.02 Bargain
Sentry Select Primary Metals T.PME 81733D 11 3 SPRIF.pk T.PME   PME.WT  30-Jun-09   $12.00 22.92 1 5.96 -6.04 60.20% 0.26 $0.59 Bargain
Skye Resources T.SKR 83081N 13 1 SKRZF.pk T.SKR   SKR.WT.A 26-Jan-09   $15.13 20.47 1 6.14 -8.99 75.90% 0.3 $0.45 Undervalued
Medical Intelligence Tech V.MIZ 58458F 13 5   V.MIZ   MIZ.WT.A  20-Oct-08   $0.85 20 1 0.3 -0.55 207.60% 0.015 $0.13 Bargain
Coalcorp Mining T.CCJ 190135 13 7 CCJMF.pk T.CCJ   CCJ.WT.A  17-Aug-11   $8.40 19.47 1 1.85 -6.55 55.60% 0.095 $0.15 Bargain
I M A Exploration V.IMR 450913 11 6 IMR V.IMR   IMR.WT.A  21-Mar-10   $3.80 19.25 1 0.385 -3.42 41.20% 0.02 $0.00 Very Overvalued
International Minerals Corp T.IMZ 460061 12 0 IMZLF.pk T.IMZ   IMZ.WT  19-May-08   $6.88 19.09 1 6.49 -0.39 28.60% 0.34 $0.30 Overvalued
Metallic Ventures Gold T.MVG 591253 12 5 MTLVF.pk T.MVG   MVG.WT  17-Mar-09   $10.00 15.53 1 2.33 -7.67 82.80% 0.15 $0.09 Overvalued
Front Street Resource Perf. Fund T.FRE 35902M 11 4   T.FRE-UN   FRE.WT 9-Nov-09   $11.00 15.29 1 7.8 -3.2 45.00% 0.51 $1.16 Bargain
S M T C Mfg Corp of Can T.SMX 78458Q 12 1 SMTX T.SMX   SMX.WT  4-Mar-09   $9.25 14 5 1.4 -7.85 220.70% 0.02 $0.14 Bargain
Canadian Income Mgmt Tr T.CNM-UN 13607T 11 4   T.CNM-UN   CNM.WT  28-Feb-12   $2.60 13.67 1 0.205 -2.4 276.30% 0.015 $0.02 Undervalued
Minco Silver T.MSV 60254C 12 6 MISVF.pk T.MSV   MSV.WT  18-May-08   $3.45 12.85 1 3.34 -0.11 90.70% 0.26 $0.65 Bargain
Fralex Therapeutics Inc T.FXI 49381E 11 3  FRLXF.pk T.FXI   FXI.WT  14-Feb-09   $4.00 12.27 1 1.35 -2.65 295.00% 0.11 $1.07 Bargain
International Nickel T.INV 465790 11 1   T.INV   INV.WT  18-Nov-08   $2.25 11.25 1 0.9 -1.35 114.80% 0.08 $0.15 Bargain
Sprott Molybdenum Part. Corp. T.MLY 852067 11 5 SMPCF.pk T.MLY   MLY.WT  16-Apr-09   $7.50 11.15 1 3.79 -3.71 59.40% 0.34 $0.30 Overvalued
Coalcorp Mining T.CCJ 190135 11 1 CCJMF.pk T.CCJ   CCJ.WT  8-Feb-11   $5.60 10.57 1 1.85 -3.75 55.60% 0.175 $0.21 Undervalued
Strait Gold Corp V.SRD 86258R 11 6 SAIDF.pk V.SRD   SRD.WT  25-Apr-08   $0.30 10 1 0.1 -0.2 193.50% 0.01 $0.01 Fair Value
D P F India Opportunities Fund T.DPF 26138Y 11 3   T.DPF-UN   DPF.WT  13-Aug-10   $12.50 9.05 1 8.96 -3.54 41.90% 0.99 $1.72 Bargain
Faircourt Gold Income T.FGX 30376T 11 7   T.FGX   FGX.WT 31-May-10   $10.00 8.75 1 9.19 -0.81 62.90% 1.05 $3.50 Bargain
Faircourt Gold Income T.FGX 30376T 11 7   T.FGX   FGX.WT 30-Oct-09   $10.00 8.75 1 9.19 -0.81 62.90% 1.05 $2.99 Bargain
Australian Solomons Gold T.SGA Q8271C 11 8   T.SGA   SGA.WT  28-Aug-08   $1.71 8.75 1 0.7 -1.01 83.90% 0.08 $0.03 Very Overvalued
Silverwing Energy Inc T.SVW 83149P 11 0 SVWGF.pk T.SVW   SVW.WT  22-Feb-08   $2.25 8.67 1 0.13 -2.12 108.60% 0.015 $0.00 Very Overvalued
I M A Exploration V.IMR 449664 30 9 IMR V.IMR   IMR.WT  14-Sep-09   $3.45 8.56 1 0.385 -3.07 41.20% 0.045 $0.00 Very Overvalued
Uranium Participation T.U 917017 12 1 URPTF.pk T.U URPZF.pk U.WT.A  15-Sep-08   $12.00 8.12 1 9.74 -2.26 51.80% 1.2 $0.97 Overvalued
Salazar Resources V.SRL 794007 12 0 SRLZF.pk V.SRL   SRL.WT.A  31-May-09   $4.00 7.9 1 1.66 -2.34 135.80% 0.21 $0.65 Bargain
First Majestic Silver Corp TO.FR 32076V 11 1 FRMSF.pk T.FR FMJSF.pk FR.WT  10-Nov-08   $6.50 7.5 1 4.5 -2 41.00% 0.6 $0.19 Very Overvalued
Bioniche Life Sciences Inc  T.BNC 09063P 12 5 BNHLF.pk T.BNC   BNC.WT  13-Mar-09   $1.40 7.24 1 0.76 -0.64 41.70% 0.105 $0.02 Very Overvalued
Global Agribusiness Trust T.AGB.UN 37949D 11 5   T.AGB.UN   AGB.WT 30-Nov-10   $10.00 7.2 1 9 -1 80.90% 1.25 $4.63 Bargain
Labrador Iron Mines T.LIR 505435 11 5   T.LIR   LIR.WT 3-Dec-09   $5.00 7.06 1 3.74 -1.26 59.60% 0.53 $0.94 Bargain
Energentia Resources V.ENR 29268P 11 8 ENRTF.pk V.ENR   ENR.WT  14-Feb-09   $0.75 7 1 0.14 -0.61 111.20% 0.02 $0.01 Overvalued
Bordeaux Energy V.BDO 099535 11 4 BDOXF.pk V.BDO   BDO.WT  6-Aug-08   $0.90 7 1 0.14 -0.76 116.30% 0.02 $0.00 Very Overvalued
Visible Gold Mines V.VGD 92834E 11 6 VGMIF.pk V.VGD   VGD.WT  17-Jul-09   $0.50 6.75 1 0.27 -0.23 60.90% 0.04 $0.03 Overvalued
Urbana T.URB.A 91707P 11 7 UBAA.pk T.URB.A   URB.WT  11-Jan-09   $3.75 6.71 1 4.7 0.95 64.40% 0.7 $1.68 Bargain
Uranium Focused T.UF-UN 917001 12 5 UFEFF.pk T.UF-UN   UF.WT 15-Dec-09   $8.00 6.37 1 6.05 -1.95 40.70% 0.95 $0.94 Fair Value
Bear Creek Mining V.BCM 07380N 14 6 BCEKF.pk V.BCM   BCM.WT 1-Aug-09   $10.50 6.28 1 7.98 -2.52 52.80% 1.27 $1.49 Undervalued
Fortune Minerals T.FT 34967D 13 5 FTMDF.pk T.FT   FT.WT  26-Jul-09   $3.75 6 1 1.8 -1.95 73.20% 0.3 $0.28 Fair Value
Dynamite Resources V.DNR 26806Q 11 1 DNRSF.pk V.DNR   DNR.WT  17-Aug-09   $1.00 6 1 0.24 -0.76 77.90% 0.04 $0.02 Overvalued
EarthFirst T.EF 27032L 11 6   T.EF   EF.WT 11-Dec-09   $2.60 5.83 1 1.75 -0.85 76.40% 0.3 $0.54 Bargain
Dundee Precious Metals T.DPM 265269 12 6 DPMLF.pk T.DPM DNPMF.pk DPM.WT  29-Jun-12   $15.00 5.68 1 6.36 -8.64 40.80% 1.12 $0.96 Overvalued
TriNorth Capital Inc. T.TRT 896677 11 9 TNTHF.pk T.TRT   TRT.WT 10-Oct-10   $0.24 5.67 1 0.17 -0.07 89.70% 0.03 $0.08 Bargain
Nevsun Resources T.NSU 64156L 15 0 NSU T.NSU   NSU.WT.A  25-Oct-08   $3.00 5.66 1 1.98 -1.02 69.00% 0.35 $0.22 Overvalued
Redcorp Ventures T.RDV 757268 16 4 RDFVF.pk T.RDV   RDV.WT  10-Jul-09   $0.65 5.56 1 0.25 -0.4 80.00% 0.045 $0.03 Overvalued
Calstar Oil & Gas Ltd C.CALS 13135U 11 2 CLGSF.pk C.CALS   CALS.W 29-Feb-08   $0.25 5.5 1 0.22 -0.03 213.4 0.04 $0.05 Undervalued
Osisko Exploration T.OSK 68827N 11 5 OSXLF.pk T.OSK   OSK.WT 15-Nov-09   $7.90 5.43 1 5.97 -1.93 50.70% 1.1 $1.21 Fair Value
Markland AGF Precious Metals T.MPM 570655 11 8   T.MPM   MPM.WT  10-Jul-10   $10.25 5.42 1 8.67 -1.58 65.10% 1.6 $3.26 Bargain
Urbana T.URB.A 91707P 12 5 UBAA.pk T.URB.A   URB.WT.A  12-Jul-09   $3.75 5.22 1 4.7 0.95 64.40% 0.9 $1.93 Bargain
Ascendant Copper Corp T.ACX 043503 11 9 ASCPF.pk T.ACX   ACX.WT  21-Nov-10   $2.50 5 1 0.15 -2.35 180.90% 0.03 $0.09 Bargain
Stingray Resources T.SRY 860838 11 9 SGYRF.pk T.SRY   SRY.WT  24-Apr-09   $1.80 5 1 0.7 -1.1 81.60% 0.14 $0.08 Overvalued
I C S Copper Systems Ltd V.ICX 449664 11 9   V.ICX   ICX.WT  4-May-09   $1.30 4.97 1 0.72 -0.58 59.10% 0.145 $0.07 Very Overvalued
Nevsun Resources T.NSU 64156L 13 5 NSU T.NSU NSUWF.pk NSU.WT  29-Jun-08   $3.25 4.95 1 1.98 -1.27 69.00% 0.4 $0.08 Very Overvalued
Oilsands Canada Corp T.OCF 678044 11 6   T.OCF   OCF.WT  31-Jul-10   $10.25 4.93 1 7.35 -2.9 44.70% 1.49 $1.53 Fair Value
Iamgold (3) T.IMG 459875 11 8 IAG T.IMG IAMOF.pk IMG.WT  12-Aug-08   $8.93 4.87 2.381 9.28 0.35 73.30% 0.8 $0.93 Undervalued
Global Uranium T.GUR 380680 11 6 GURAF.pk T.GUR   GUR.WT  30-Jun-10   $10.25 4.82 1 5.25 -5 65.30% 1.09 $1.22 Undervalued
North American Palladium Ltd. T.PDL 656912 11 0 PAL T.PDL PAL-WT PDL.WT 11-Dec-09 5.05 $5.09 4.76 1 4.28 -0.81 85.00% 0.9 $1.79 Bargain
Geovic Mining Corp T.GMC 377903 14 1 GVCM.pk T.GMC   GMC.WT.B  27-Apr-12   $5.00 4.73 1 1.3 -3.7 91.10% 0.275 $0.57 Bargain
Rusoro Mining V.RML 782227 13 6 RMLFF.pk V.RML   RML.WT 29-Nov-12   $4.00 4.7 1 1.55 -2.45 112.10% 0.33 $1.08 Bargain
RailPower T.P 750758 11 2 RLPPF.pk T.P   P.WT  12-Feb-10   $1.25 4.58 1 0.55 -0.7 210.60% 0.12 $0.45 Bargain
Olympus Pacific Minerals Inc T.OYM 68162Q 11 1 OLYMF.pk T.OYM   OYM.WT  31-Jul-09   $0.90 4.5 1 0.45 -0.45 52.20% 0.1 $0.03 Very Overvalued
Etruscan Resources T.EET 29786L 14 4 ETRUF.pk T.EET   EET.WT 2-Nov-10   $4.00 4.48 1 2.24 -1.76 91.10% 0.5 $1.01 Bargain
Rye Patch Gold V.RPM 783727 11 8   V.RPM   RPM.WT  19-Jul-09   $0.75 4.43 1 0.31 -0.44 248.40% 0.07 $0.25 Bargain
Gold Point Energy Corp V.GPE 380956 17 7 GPEGF.pk V.GPE   GPE.WT  29-Dec-08   $0.50 4.33 1 0.13 -0.37 168.30% 0.03 $0.04 Undervalued
Great Basin T.GBG 45107L 11 8 GBN T.GBG   GBG.WT  17-Apr-09   $3.50 4.23 1 2.96 -0.54 65.80% 0.7 $0.74 Fair Value
Grande Cache Coal Corp T.GCE 38655X 11 3 GACHF.pk T.GCE   GCE.WT.A  11-Aug-08   $1.60 4.21 1 1.6 0 121.90% 0.38 $0.57 Undervalued
Salazar Resources V.SRL 794007 11 2 SRLZF.pk V.SRL   SRL.WT  19-Mar-09   $1.50 4.05 1 1.66 0.16 135.80% 0.41 $0.95 Bargain
New Gold Inc. T.NGD 644535 12 2 NGD T.NGD   NGD.WT.A  28-Jun-17   $15.00 3.9 1 5.58 -9.42 40.80% 1.43 $1.88 Undervalued
High River Gold Mines T.HRG 42979J 15 6 HRIVF.pk T.HRG   HRG.WT 8-Nov-10   $4.00 3.89 1 2.84 -1.16 71.10% 0.73 $1.11 Bargain
Quadra Mining T.QUA 747319 11 9 QADMF.pk T.QUA   QUA.WT  8-May-10   $20.00 3.68 1 17.64 -2.36 50.30% 4.8 $5.12 Fair Value
Peak Gold V.PIK 70468J 11 4 PIKGF.pk V.PIK PEKGF.pk PIK.WT  3-Apr-12   $1.50 3.52 1 0.58 -0.92 79.20% 0.165 $0.24 Undervalued
Primary Petroleum V.PIE 74161X 11 5 PETEF.pk V.PIE   PIE.WT  18-Sep-09   $1.35 3.5 1 0.42 -0.93 159.90% 0.12 $0.22 Bargain
Ivory Energy V.IV 46589L 11 3   V.IV IVYEF.pk IV.WT  18-Jul-12   $1.00 3.5 1 0.49 -0.51 72.70% 0.14 $0.22 Bargain
High Desert Gold Corp T.HDG 42965Y 11 8 HDGCF.pk T.HDG   HDG.WT 17-Oct-09   $0.65 3.5 1 0.315 -0.34 92.40% 0.09 $0.09 Fair Value
U S Gold T.UXG 912023 11 6 UXG T.UXG UXGAW.pk UXG.WT  22-Feb-11 $10.00 $10.08 3.45 1 3.28 -6.8 93.70% 0.95 $1.27 Undervalued
Creston Moly V.CMS 22626N 11 5 CMSJF.pk V.CMS   CMS.WT 9-May-10   $0.90 3.4 1 0.34 -0.56 76.10% 0.1 $0.07 Overvalued
Mega Uranium T.MGA 58516W 12 0 MGAFF.pk T.MGA   MGA.WT.A  6-Jun-12   $7.00 3.23 1 2.58 -4.42 128.80% 0.8 $1.92 Bargain
Mines Management (1) T.MGT 603432 11 3 MGN T.MGT   MGT.WT.U  20-Apr-12 $5.75 $5.80 3.23 1 3.58 -2.22 100.60% 1.11 $2.36 Bargain
Goldcorp T.G 390124 11 3 GG T.G GG-WT G.WT.G  9-Jun-11   $45.75 3.16 1 38.12 -7.63 67.50% 12.05 $17.69 Undervalued
Khan Resources T.KRI 496902 13 1 KHRIF.pk T.KRI   KRI.WT  3-Aug-08   $1.90 3.13 1 1.25 -0.65 72.60% 0.4 $0.10 Very Overvalued
Eastern Platinum Limited T.ELR 276855 11 1 ELRFF.pk T.ELR   ELR.WT  25-Apr-08   $2.00 3.04 1 2.86 0.86 49.10% 0.94 $0.90 Fair Value
Ascendant Copper Corp T.ACX 043503 12 7 ASCPF.pk T.ACX   ACX.WT.A  22-Jun-09   $0.65 3 1 0.15 -0.5 180.90% 0.05 $0.07 Undervalued
Metrobridge Networks  V.MEB 59165A 11 2   V.MEB   MEB.WT  26-Jul-09   $0.65 3 1 0.3 -0.35 90.50% 0.1 $0.07 Overvalued
Endeavour Mining Cap T.EDV G3040R 12 5 EDVMF.pk T.EDV EDVWF.pk EDV.WT  10-Nov-08   $5.50 2.93 1 7.88 2.38 73.10% 2.69 $3.27 Undervalued
Pinetree Capital T.PNP 723330 12 2 PNPFF.pk T.PNP PNLDF.pk PNP.WT  16-Apr-12   $15.00 2.87 1 3.36 -11.64 94.80% 1.17 $1.48 Undervalued
TSO3 Inc T.TOS 873015 13 5   T.TOS   TOS.WT  9-Mar-09   $3.00 2.84 1 2.27 -0.73 76.70% 0.8 $0.55 Overvalued
Kinross  (3) T.K 51818R 11 3 KGC T.K KGCAF.pk K.WT.B  7-Sep-11   $22.49 2.83 2.24871 22.28 -0.21 84.20% 3.5 $6.06 Bargain
Stornoway Diamonds T.SWY 86222Q 12 9 SWYDF.pk T.SWY   SWY.WT  12-Apr-09   $1.50 2.83 1 0.51 -0.99 57.20% 0.18 $0.01 Very Overvalued
Argenta Oil & Gas V.AZA 040109 11 8 ARGTF.PK V.AZA   AZA.WT 31-May-08   $1.00 2.82 1 0.395 -0.61 75.40% 0.14 $0.00 Very Overvalued
Petro Rubiales Energy V.PEG 71646Q 11 1 PEGGF.pk V.PEG   PEG.WT 12-Jul-12   $1.30 2.8 1 1.26 -0.04 72.30% 0.45 $0.75 Bargain
Bankers Petroleum T.BNK 066286 11 3 BNKFF.pk T.BNK   BNK.WT  10-Nov-09   $0.95 2.79 1 0.78 -0.17 94.50% 0.28 $0.35 Undervalued
Avnel Gold Mining T.AVK G0683R 12 3   T.AVK   AVK.WT  30-Jun-10   $1.06 2.75 1 0.44 -0.62 69.50% 0.16 $0.09 Overvalued
Baffinland Iron Mns Corp T.BIM 056620 11 5 BIMGF.PK T.BIM BFIRF.pk BIM.WT  31-Jan-12   $5.50 2.74 1 3.32 -2.18 45.60% 1.21 $0.87 Overvalued
Ivanhoe Energy T.IE G5221G 11 7 IVAN.pk T.IE IVNWF.pk IE.WT  15-May-11   $2.93 2.74 1 1.37 -1.56 55.60% 0.5 $0.30 Overvalued
M D N Inc T.MDN 31943B 12 6   T.MDN   MDN.WT  14-Jan-09   $1.00 2.68 1 1.07 0.07 69.60% 0.4 $0.34 Overvalued
Blue Sky Uranium V.BSK 096049 11 9 BKUCF.pk V.BSK   BSK.WT  23-Mar-09   $1.30 2.67 1 0.4 -0.9 117.00% 0.15 $0.08 Overvalued
Palo Duro Energy V.PDE 69744M 11 5   V.PDE   PDE.WT  23-Mar-09   $0.50 2.67 1 0.08 -0.42 118.00% 0.03 $0.01 Very Overvalued
Breakwater Resources T.BWR 106902 15 8 BWLRF.ob T.BWR BWLWF.pk BWR.WT  28-Jan-09   $1.00 2.57 1 1.26 0.26 78.60% 0.49 $0.51 Fair Value
Erdene Gold T.ERD 29480Q 11 8 ERDGF.pk T.ERD   ERD.WT  15-Jun-09   $1.60 2.46 1 0.75 -0.85 77.90% 0.305 $0.12 Very Overvalued
First Capital Realty T.FCR 35168Q 11 4 FCRGF.pk T.FCR   FCR.WT  31-Aug-08   $11.80 2.39 1 22.01 10.21 22.40% 9.2 $10.56 Undervalued
Eastern Platinum Limited T.ELR 276855 12 9 ELRFF.pk T.ELR EPLUF.pk ELR.WT.A  28-Mar-09   $1.80 2.38 1 2.86 1.06 49.10% 1.2 $1.26 Fair Value
Bankers Petroleum T.BNK 066286 12 1 BNKFF.pk T.BNK   BNK.WT.A  1-Mar-12   $0.90 2.36 1 0.78 -0.12 94.50% 0.33 $0.53 Bargain
T O R R Canada Inc T.TOR 891326 11 8 TORFF.pk T.TOR   TOR.WT  2-Nov-09   $0.65 2.36 1 0.26 -0.39 128.90% 0.11 $0.11 Fair Value
Terrane Metals V.TRX 88103A 11 6 TRXOF.pk V.TRX   TRX.WT  21-Jun-12   $0.85 2.32 1 0.395 -0.46 78.40% 0.17 $0.19 Undervalued
Metallica Resources T.MR 59125J 12 0 MRB T.MR  MRBWF.pk MR.WT  11-Dec-08   $3.10 2.23 1 5.15 2.05 59.00% 2.31 $2.36 Fair Value
Yamana Gold  (3)   T.YRI 98462Y 16 7 AUY T.YRI YMAGF.pk YRI.WT.C 17-Feb-10   $11.05 2.2 1.8416 15.7 4.65 76.60% 3.87 $4.70 Undervalued
Baja Mining Corp T.BAJ 05709R 11 1 BAJFF.pk T.BAJ BJMGF.pk BAJ.WT  13-Apr-09   $1.15 2.2 1 1.65 0.5 65.10% 0.75 $0.73 Fair Value
Neo Material Tchnlgys Inc T.NEM 64045Y 11 6 NEMFF.pk T.NEM   NEM.WT  31-Aug-08   $2.50 2.18 1 4.36 1.86 49.00% 2 $1.97 Fair Value
European Minerals Corp T.EPM G3192Y 11 8 EPMCF.pk T.EPM   EPM.WT  23-Dec-08 $1.20 $1.21 2.14 1 1.26 0.05 70.80% 0.59 $0.38 Overvalued
Yukon-Nevada Gold T.YNG 98849Q 11 9 YNGFF.pk T.YNG   YNG.WT 20-Jun-12   $3.00 2.13 1 1.6 -1.4 44.20% 0.75 $0.37 Very Overvalued
NovaGold Resources T.NG 66987E 11 5 NG T.NG NGRWF.pk NG.WT  1-Oct-08   $7.00 2.11 1 11.42 4.42 99.10% 5.4 $5.74 Fair Value
Equinox Minerals T.EQN 29445L 11 3 EQXMF.pk T.EQN EQMLF.pk EQN.WT  6-May-08   $2.30 1.97 1 4.64 2.34 70.10% 2.35 $2.38 Fair Value
European Minerals Corp T.EPM G3192Y 12 6 EPMCF.pk T.EPM EPMWF.pk EPM.WT.A  11-Apr-10   $1.20 1.94 1 1.26 0.06 70.80% 0.65 $0.57 Overvalued
Geovic Mining Corp T.GMC 373686 12 0 GVCM.pk T.GMC GVCMW.pk GMC.WT  3-Nov-11   $2.75 1.86 1 1.3 -1.45 91.10% 0.7 $0.67 Fair Value
European Minerals Corp T.EPM G3192Y 14 2 EPMCF.pk T.EPM EPMJF.pk EPM.WT.B  21-Mar-11   $1.55 1.85 1 1.26 -0.29 70.80% 0.68 $0.58 Overvalued
Thompson Creek Metals T.TCM 884768 11 0 BLEFF.pk T.TCM   TCM.WT  27-Oct-11