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| DON'T BUY | 6.320 | Jean-Francois Tardif | Has a nickel deposit in Scandinavia, a very attractive project. It will be difficult to receive the financing they require. Don’t want exposure in base metals. Very cheap. Stock wont go anywhere. | 2008-03-24 | |
| HOLD | 7.600 | Peter Hodson | Very interesting nickel deposit. Legitimate takeover candidate. | 2007-09-20 | |
| BUY | 7.810 | Jean-Francois Tardif | A very simple nickel mine in Scandinavia. Not in production yet and are getting their permits now. They will produce in 2010. Very cheap. | 2007-08-07 | |
| BUY | 4.750 | Jean-Francois Tardif | Only has $100 million market cap. Have to raise $120 million to get their nickel mine into production in 2009. Not widely followed. At current nickel prices, they are trading at less than 1 X earnings. | 2007-03-13 | |
| BUY | 5.600 | Peter Hodson | Have a nice asset. Could put it in production with a very small capital expenditure. Management owns 20% of the Company. Very cheap. | 2006-11-20 |