Recent Research Reports

By Company	By Analyst	By Sector

Date	Company	Stock Symbol	Report Title	Recommendation	One Year Target	Last Close
11.21.2008	Red Back Mining Inc.	RBI	Bought Deal Financing; Revising Target	Buy	C$9.75	C$4.50
11.18.2008	Oil & Gas Sector		Oil and Gas Updated Price Forecasts	N/A	N/A	N/A
11.18.2008	Wesdome Gold Mines Ltd.	WDO	Q3/2008 Financial Results “in Line”; Costs Coming Under Control	Speculative Buy	C$1.60	C$0.56
11.14.2008	Mercator Minerals Ltd.	ML	Metal Prices are a Major Concern!	Speculative Buy	C$2.50	C$0.67
11.14.2008	New Gold Inc.	NGD	Amapari Written Down; New Afton Delayed—Peak Could be Next	Sell	C$1.25	C$1.47
11.12.2008	Norwood Resources Ltd.	NRS	Final Petrophysical Results still Pending, but Interim Work still Indicates OIl Potential	Under Review	Under Review	$0.105
11.11.2008	Taseko Mines Limited	TKO	Q4/2008 Results; Making Progress-More Caution	Buy	C$3.50	C$0.99
11.10.2008	Katanga Mining Limited	KAT	Concerns Mount on Katanga	Speculative Buy	C$4.00	C$1.37
11.10.2008	Neo Material Technologies Inc.	NEM	Q3/08 Results in Line; Buyback Announced	Buy	C$3.50	C$1.48
11.07.2008	Barrick Gold Corporation	ABX	Q3/2008 Results Lower than Expected; Impacted by Higher Costs	Buy	C$39.50	C$28.33
11.06.2008			Special Situations/Technology Sector Comment-Suspending Coverage	N/A	N/A	N/A
11.06.2008			Special Situations/Industrial Products Sector Comment-Suspending Coverage	N/A	N/A	N/A
11.05.2008	Horizon North Logistics Inc.	HNL	Q3 2008 Results: Record Revenue, EPS Beats Estimates	Buy	C$2.00	C$0.77
11.05.2008	Red Back Mining Inc.	RBI	Red Back Mining Inc.	Buy	C$10.25	C$5.91
11.05.2008	Energold Drilling Corporation	EGD	Reducing Target on Lower Estimates; Trades at 50% Discount to Replacement Value	Buy	C$3.00	C$1.04