STOCKCHASE

New Millennium Capital Corp.

0.020

Uranium stocks. This is not on a lot of peoples radar screen at the moment. After the Japanese earthquake, a lot of people focused on other directions. There is probably also a lot of tax loss selling. Uranium will have legs longer term but in the short term, there doesn't seem to be any momentum. If you have the time horizon of a couple of years, it would be a good time to get in.

2011-12-06

BUY

Aurcana Corp.

AUN-X

0.820

A smaller silver producer. They have one silver mine and are attempting to ramp up with another. Good price.

2011-12-06

BUY

U.S. Silver Corp.

USA-T

0.495

Their ability to ramp up and grow production is what he likes about the story. Also likes the long-term fundamentals for silver.

2011-12-06

TOP PICK

Coastal Energy

CEN-T

13.970

Oil/gas producer in Thailand. The real story is their offshore Thailand oil production. Have had some significant success, which is continuing. Have the ability to double their production over the next year or so. Reasonable valuation at about 3X 2012 cash flows.

2011-12-06

BUY

NML-T

1.420

A lot of the small stocks have been hit. This is probably a reasonable level to get in.

2011-12-06

TOP PICK

Ithaca Energy Inc.

IAE-T

1.990

North Sea oil. Between 2011-2013, with the projects they have coming on stream, they'll be tripling their production and cash flows. Cheap valuation.

2011-12-06

Comment

Colossus Minerals Inc.

CSI-T

6.850

Gold developer but not in production yet. Has a project in Brazil. Potential upside could come from some of their other projects that they have going on there. Probably won't do a heck of a lot until production is in the headlights.

2011-12-06

PAST TOP PICK

Avion Gold

AVR-T

1.730

(A Top Pick March 31/11. Down 1.78%.) Was up until a couple of weeks ago when they had a production shortfall. Will be increasing their production above 50% over the next year. An attractive entry point.

2011-12-06

PAST TOP PICK

B2Gold Corp.

BTO-T

3.520

(A Top Pick March 31/11. Up 16.78%.) Will have increased production over the next couple of years. Still likes.

2011-12-06

BUY

Athabaska Oil Sands Corp

ATH-T

13.350

Has an oil sands project that is slated to come on in 2014-2015. Great optionality to it and great leverage to the price of oil. At these levels, is pretty reasonable to hold for the next couple of years.

2011-12-06

BUY

Tuscany International Drilling

TID-T

0.580

Likes the story. Service drilling company that is focused in South America some in Africa. Has a fair amount of debt and the stock has been under pressure. Did an acquisition that closed in September. The real story is their up-to-date technology that allows them into more remote areas. 80% of their rigs are contracted over the next year or so. Cash flows are going to ramp up over the next year.

2011-12-06

TOP PICK

American Bonanza Gold Mining

BZA-T

0.530

An emerging gold producer in New Mexico. Trading cheaply at less than 2X cash flow in 2012. Have the opportunity to significantly increase the size of their resource. Starting to ramp up production.

2011-09-01

Comment

Lake Shore Gold

LSG-T

2.250

Timmins mine was started in Q1 of 2011 and they recently announced production was going to be significantly less than was expected. Mind start-ups are never smooth and you always have blips. There is now a credibility issue with management. Expects this is the bottom and there will be more upside.

2011-09-01

Comment

0.020

Market. Feels we are in a bottoming process here and in the economy so it may take a little time but there are some opportunities out there.

2011-09-01

Comment

0.020

Gold. Feels that gold will still remain relatively strong, above $1500-$1600. He is biased that the gold stocks (versus bullion) will start to rise.

2011-09-01

Comment

New Millennium Capital Corp.

0.020

Oil. This is probably in some kind of a range. Not sure it has bottomed yet or not. Might retest its lows in the next couple of months. Europe has some issues to work out as does the US. Economically sensitive commodities, such as oil, could just continue to grind away.

2011-09-01

Comment

Silvercorp Metals Inc.

SVM-T

8.230

Focused on high-grade silver deposits. Producing in China and recently initiated a dividend of about 1%. Significant cash balance. Three other projects are coming online in the next couple of years. 2 in China and 1 in British Columbia.

2011-09-01

TOP PICK

Banro Corp.

BAA-T

4.640

Gold. In the development stage in the Democratic Republic of Congo and will prove producing in the 4th quarter of 2011. Moving from a developer tool producer should give them a re-evaluation as they start to generate some cash flows.

2011-09-01

PAST TOP PICK

Starfield Resources Inc.

SRU-T

0.045

(A Top Pick Jan 12/11. Down 42.85%.) Extremely volatile. Trading significantly below NAV. Should have some significant news in the next 6 months on 3 of their properties

2011-09-01

PARTIAL BUY

NML-T

1.860

This is a reasonable time to start accumulating shares. (Rio Tinto (RIO-N) expects to see iron ore demand double by 2019.)

2011-09-01

PAST TOP PICK

Ithaca Energy Inc.

IAE-T

2.060

(A Top Pick Jan 12/11. Down 26%.) Had some issues with drilling, so he sold this around February. This has been sorted out now and he is looking at it again. Likes the company. Cheap and have great growth profile over the next couple of years.

2011-09-01

Comment

Western Potash

WPX-T

1.330

Expect at some point in time there will be a takeover bid from somebody.

2011-09-01

BUY

Argonaut Gold

AR-T

6.210

One of his larger holdings. Mid-tear gold producer in Mexico. Good management. Recently acquired Pediment Exploration, which will allow them to double their production in 2013-2014.

2011-09-01

PAST TOP PICK

Allana Potash Corp

AAA-T

1.390

(A Top Pick Jan 12/11. Up 81.82%.)

2011-09-01

Comment

Western Copper

WRN-T

2.920

Have 17 million ounces of gold, 8 reserved and 9 inferred as well as 10 billion pounds of copper. Most likely to be taken out at a significant premium from the current price.

2011-09-01

TOP PICK

Torex Gold Resources

TXG-T

1.630

Development stage gold the company in Mexico. Won't be in position to produce for the next couple of years but have 10+ drills working at the moment and will have a formal resource out later this year.

2011-09-01

TOP PICK

Antrim Energy

AEN-T

1.110

Oil/gas producer in the North Sea and Argentina. 2012 production should increase by about a third over 2011. Stock is trading at significant discount to NAV. Have significant drilling opportunities coming up in the next 6 months. Fully funded.

2011-07-21

BUY

0.020

Markets have been undergoing a correction since mid-January. There are a lot of events and bad news that is built into the market. Basically, there is a nice bottom forming and we should be going up from here.

2011-07-21

Comment

0.020

Oil. Global oil demand is at an all-time high and there are no significant sources of supply. There will be short-term back-and-forth movements and the bias has to be upwards.

2011-07-21

Comment

0.020

Gold. In the last couple of months, he has been buying gold stocks. They've all had a good move so hasn't been buying in the last week or so but feels they are going to be a leadership group. Typically gold stocks perform pretty well in the 2nd half of the year. Gold tends to track global liquidity and money supply has been ramping up, especially in the US.

2011-07-21

Comment

0.020

Ring of Fire in northern Ontario has a number of smaller companies that have been taken out. There will be infrastructure going in, which will make a lot of the smaller companies economic. You might like to own a basket of these companies.

2011-07-21

BUY

Uranium Participation Corp.

2.200

An emerging coal producer in Colorado. Just announced that this year's production is going to be less than expected. Good entry point here.

2011-07-21

PAST TOP PICK

U-T

6.380

(A Top Pick July 27/10. Up 2.05%.)

2011-07-21

TOP PICK

Iberian Minerals Corporation

IZN-X

0.920

Zinc producer in Spain and Peru. One of the biggest things holding the stock back is that they have a number of hedges in place for their production. A significant portion of hedges comes off this year. 2012 cash flow should ramp up significantly. Trading at less than 2X cash flow.

2011-07-21

BUY

Copper Fox Metals

CUU-X

1.980

Likes the story and is bullish on copper. This is a good way to get leverage to the price of copper. Have a deposit in BC and will be completing a feasibility study later this year. Reasonably well financed.

2011-07-21

BUY

Mega Uranium Limited

MGA-T

0.400

Uranium development story in Western Australia. As they move towards production, there will be feasibility studies and financing, which should give a lift in the stock. Uranium is out of favour at the moment but risk/reward is pretty good at this juncture.

2011-07-21

BUY

Thompson Creek Metals

TCM-T

9.460

Mainly molybdenum but did acquire a BC copper company. Stock has been correcting for the first half of the year but looks like it's at a good level now.

2011-07-21

PAST TOP PICK

Trinidad Drilling Ltd

TDG-T

10.170

(A Top Pick July 27/10. Up 89.26%.)

2011-07-21

Comment

Western Potash

WPX-T

1.450

As they continue to achieve their milestones, at some point someone will step in to acquire them. He is bullish on potash.

2011-07-21

BUY

Donner Metals Ltd.

DON-X

0.280

Primary asset is a zinc development play in Quebec in a joint venture with Xstrata. Recently made an arrangement with Sandstorm giving them financing. Targeted to come into production in 2013. If you have a 2 year timeline until production, this is a good play.

2011-07-21

BUY

Canacol Energy Ltd.

CNE-T

0.940

Large oil resource in Colombia and production has been increasing significantly. Stock price has not tracked the price of oil. Thinks the stock got over own and expectations is priced into the stock. Reasonable entry point at this level.

2011-07-21

PAST TOP PICK

PetroMagdalena Energy

PMD-X

1.400

(A Top Pick July 27/10. Down 50.09%.)

2011-07-21

TOP PICK

Chieftan Metals

CFB-T

4.500

Zinc deposit in BC. Just received a couple permits. Extremely cheap because they have some gold and silver in the project at expect they will enter into some kind of royalty agreement.

2011-07-21

PAST TOP PICK

Corridor Resources Inc

CDH-T

4.310

(A Top Pick April 26/10. Down 7.7%.) In New Brunswick with a couple of large resource plays. Hit a dry hole but are trying to sort it out.

2011-05-19

BUY on WEAKNESS

Inmet Mining

IMN-T

66.430

Reasonable buy at these levels. Expect markets will grind sideways for the next couple of months so accumulate on weakness. Have their Spanish mine coming on next year, which should increase their production. Have a significantly larger mine coming on in 2015-2016 in Panama. Accumulate on weakness.

2011-05-19

BUY

Semafo Inc

SMF-T

7.730

Suffered from 1) seasonal peak in gold and 2) production profile has been increasing in the last couple of years but this year has been fairly flat. Will start to increase again next year. Have been increasing the size of their resource in Burkina Faso significantly. 2012 will be the start of a new leg of growth. Risk/reward is pretty good.

2011-05-19

TOP PICK

First Nickel Inc.

FNI-T

0.160

Own the Lockerbie mine in Sudbury Ontario. Shut down during the financial crisis but are starting production again later this year and into 2012. Criticism has been that they have a short resource life, which is fair, but are drilling to extend that life. Financing is in place. Trading pretty cheaply here.

2011-05-19

BUY

Total Energy Services Inc

2.890

Met coal producer that has just started to produce. One of the best performers off the market bottom. Metallurgical coal, along with copper has been the strongest off the bottom but not sure they will be the leaders in the next rally.

2011-05-19

DON'T BUY

Sterling Resources

SLG-X

1.790

Had some poor results and in this market environment no one gets the benefit of the doubt. Will take the market a while to recover. Stocks like this tend to be in the penalty box for awhile so would look elsewhere.

2011-05-19

Comment

TOT-T

13.820

Service sector as a whole has a lot of wind at its back. The pullback in the share price is not unusual in a market like this.

2011-05-19

BUY

Quadra FNX Mining Ltd

QUX-T

14.670

Good way to get exposure to copper. Has hung in quite well in spite of the market. As the market starts to recover, it will do well and will attract some money.

2011-05-19

PAST TOP PICK

Denison Mines Corp

DML-T

2.000

(A Top Pick April 26/10. Up 55.73%.) Uranium producer in the US and have some interesting properties here. Thinks it has found a bottom here so looks attractive from a longer perspective.

2011-05-19

TOP PICK

Mirabela Nickel

MNB-T

2.160

Significant sized nickel project coming on in Brazil. Starting production later this year and ramping up to full production in 2012. Fully financed. Great valuation. People have not been paying attention to nickel, which has an upward bias and not a lot of downside.

2011-05-19

Comment

Mercator Minerals Ltd.

ML-T

3.050

Possible merger with Creston Moly (CMS-X) would be good. Will increase their size. Similar minerals and both in North America.

2011-05-19

PAST TOP PICK

Twin Butte Energy

TBE-T

2.750

(A Top Pick April 26/10. Up 101.54%.) About 50% natural gas and 50% oil. In Alberta.

2011-05-19

TOP PICK

Arcan Resources Ltd.

ARN-X

4.750

Oil producer in the western Canadian basin. Their big play is the Swan Hills play in Alberta. Had 100% drilling success this year. Well financed and valuation is good.

2011-05-19

BUY

Canyon Services Group

FRC-T

14.770

Drilling sector had a really good run this year and with the higher price of oil and liquids, there is lots of drilling going on. A big driver has been the large resource play with the proliferation of horizontal drilling and fracing and they are benefiting from this. Well financed and have a lot of cash. 80% of equipment is less than a year old.

2011-05-19

BUY

Copper Mountain Mining

CUM-T

7.290

Likes this one. As companies start production, they do get a rerating from a developer to a producer. Copper prices have gone sideways and down in the last little while. One of the stronger stocks where you want to be positioned.

2011-05-19

BUY

Allana Potash Corp

AAA-T

1.670

Ethiopia potash. This has been on of the stronger potash stocks out there. It’s shallow and they have only explored about 10% of the property. Good probability of a takeout.

2011-05-19

BUY

Passport Potash

PPI-X

0.690

As long as you believe that potash prices are going to increase or stabilize, this is a reasonable play. Have a potash resource in Arizona and will be coming out with a formal resource later this year. Early stage project, but are well financed. Close to a lot of infrastructure for product shipments. There will be a lot of volatility.

2011-05-19

PAST TOP PICK

Corridor Resources Inc

CDH-T

5.320

(A Top Pick April 26/10. Down 2.46%.)

2011-03-31

TOP PICK

Claude Resources

CRJ-T

2.400

Gold producer out of Saskatchewan. Been reasonably sleepy for a number of years. Over the last few years they’ve increased the resource size at Seabee and this year their Santoy deposit will allow them to increase production. Have a joint venture at another property, Amisk, which has a significant resource. Also an interesting property at Red Lake close to Goldcorp (G-T).

2011-03-31

BUY

Alamos Gold Inc

AGI-T

15.340

With gold near an all time high, this is a mid to large size company that gives you some upside.

2011-03-31

Comment

0.020

Not bearish on any commodities. Natural gas has been a laggard but thinks the potential is there for a surprise on the upside. From a long-term perspective, uranium is reasonable but the one caveat is that you need to see how the Japanese situation unfolds. If everything is OK, it could be positive for uranium.

2011-03-31

BUY

Great Panther Resources Ltd

3.490

Emerging coal player meaning they will be ramping up production. A sweet spot as they get a re-rating plus continued strong coal prices. Broken its downtrend. Many coal/copper stocks peaked in 2nd week of January. Earthquake made a lot of investors think the market was starting to correct but a lot of them had already corrected. There has been a rolling correction from mid-January and he looks at as a bull market correction.

2011-03-31

BUY

San Gold Corporation

SGR-T

2.560

Manitoba gold. Interesting that gold prices have made record highs while this has had significant corrections. Was a darling for a while because they were finding high grade and increasing the size of their resource. Feels it got overvalued. Also an adjustment from an exploration development company to a producer. Current level is very attractive because of record high gold prices and the significant increase in their production levels.

2011-03-31

BUY

GPR-T

4.160

Silver is hitting all time highs and he is biased to higher silver prices. Good way to play silver because they are a smaller producer with a good production profile.

2011-03-31

Comment

Quadra FNX Mining Ltd

QUX-T

13.510

Giant project in Chile that they are still developing plus Sudbury mines. Thinks there’s a lot more demand for copper projects than actual sizable projects out there. Could be a takeover candidate.

2011-03-31

Comment

Lundin Mining Corp.

LUN-T

8.050

Possible merger or acquisition in the works. They are in the mode where they have to surface some value by splitting the company up by various projects or have an increased bid from Equinox (EQN-T) or someone else.

2011-03-31

PAST TOP PICK

Denison Mines Corp

DML-T

2.310

(A Top Pick April 26/10. Up 41.82%.) Would prefer a stronger stock but from a longer term perspective uranium is going to be fine and this one will participate.

2011-03-31

BUY

Excellon Res Inc.

EXN-T

0.970

High-grade silver producer in Mexico. They keep expanding the resource. Stock is off probably about 35%-40% from its most recent high. With silver at a new high, it’s just a matter of time as they move the project further and increase the size of the resource.

2011-03-31

PAST TOP PICK

Twin Butte Energy

TBE-T

3.520

(A Top Pick April 26/10. Up 118.67%.) About 50-50 in oil and gas. Growing their production base and well financed.

2011-03-31

BUY

Western Potash

WPX-T

1.250

20 million warrants dragging the price down? That’s always a tough call. Market correction has been a big factor. This one, like a lot of stocks, has put a nice bottom in and he expects significant upside.

2011-03-31

BUY

Canacol Energy Ltd.

CNE-T

1.500

Colombian oil play that has been consolidating quite nicely since the fall. Recently did an equity offering and feels it is poised to go significantly higher. About to start drilling on their Guyana properties.

2011-03-31

BUY

PetroMagdalena Energy

PMD-X

0.325

Colombia. Gone under a re-organization. Had management issues and stock plunged in early January. Since then have done an equity issue. Brought in a new COO and looking for a new CEO. Feels stock has bottomed. Good level. A “show me” story but a significant asset story.

2011-03-31

TOP PICK

Avion Gold

AVR-T

1.680

Gold production in Mali in West Africa. 2011 has been an investment year for them and should be able to double the production by 2012. Have some interesting exploration properties also. Have a lot of leverage to gold prices presuming gold prices stay high. Unhedged.

2011-03-31

TOP PICK

B2Gold Corp.

BTO-T

2.980

2 gold mines in Nicaragua with a significant ramp in production. Significant exploration to increase the size of their resource. Plan is to increase the life of the mine and to increase the amount of high-grade gold.

2011-03-31

BUY

Perseus Mining Limited

PRU-T

3.150

Gold assets in Ghana. Not a producer yet. Has been correcting for the last 3 months or so and has come back to a really nice level in the last week. Market is starting to anticipate the move to producer status.

2011-03-31

BUY

Argonaut Gold

AR-T

4.730

Good way to play the price of gold. Pretty nice production profile.

2011-03-31

BUY

Allana Potash Corp

AAA-T

1.840

Ethiopian potash play. Had originally recommended it as he was positive on the sector and their valuation was significantly lower than their comps and were doing a lot of drilling and increasing the size of the resource and had only explored about 10% of their land holdings, so potential for upside was significant. At these levels he would consider adding as he still sees significant upside.

2011-03-31

BUY

Metalore Resources

MET-T

6.250

Ramping up production. Had a few slips and starts but valuation is great and the upside looks quite significant. With gold being near a record high, valuation is well supported. Sees significant upside. Located in Quebec.

2011-03-31

BUY

Agnico-Eagle Mines

AEM-T

71.590

Has had a good little pull back. From a longer term perspective they are focused on growing their resources. Looking to increase production by about 50% in 3-4 years.

2011-01-12

BUY

Breakwater Resources

BWR-T (Dead)

6.100

Has one of the highest percentages of zinc production. Fundamentals for zinc, as with most commodities, are positive.

2011-01-12

BUY

Canadian Natural Rsrcs

CNQ-T

42.020

Recently had upgrader problems so the stock fell back and this is a good opportunity to Buy. Longer-term fundamentals are intact.

2011-01-12

BUY

Encana Corp

ECA-T

29.220

Likes the company and their strategy of focusing on unconventional gas. Doesn’t see any downside in natural gas. If you have a 2-3 year time horizon, you will be well rewarded.

2011-01-12

Comment

Nuvista Energy Ltd

NVA-T

8.710

There are a lot of energy stocks that haven’t done anything in the last 1.5 to 2 years and he feels this year is the year where there will be a stronger move.

2011-01-12

BUY

Semafo Inc

SMF-T

11.230

West African gold producer. Up over tenfold off the bottom so the recent correction is not unusual. Will probably consolidate here.

2011-01-12

BUY

Yamana Gold Inc.

YRI-T

12.180

From a large cap perspective this is a good way to play the golds. Reasonable production profile.

2011-01-12

STRONG BUY

Fortune Minerals Ltd.

FT-T

1.640

Have both a coal and cobalt deposits in B.C. Trying to surface value from the coal deposit through a joint venture or something on those lines. This will give them financing for their cobalt project. A lot of value and stock should move significantly higher.

2011-01-12

BUY

Sulliden Gold Corp

SUE-T

2.430

Gold. Not producing but have a resource that they are drilling out. Having a lot of success in increasing the size of the resource. Valuation is still reasonable.

2011-01-12

BUY