Base Metals Recommendations

Trevali Mining Corp.

Mark Turner, Scotia Capital (3/3/15) "TV reported impressive Stratmat assays."

Balmoral Resources Ltd.

The Gold Report Interview with Philip Ker (3/2/15) "BAR's Grasset nickel discovery is on its way to becoming a world-class asset."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (2/26/15) "MD commenced a winter drill program on the Samson property."

Mandalay Resources Corp.

Jay Taylor, Gold, Energy & Tech Stocks (2/20/15) "MND is run by a team of experienced mining professionals."

Callinex Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (2/20/15) "For speculative investors in CNX stock, the odds favor significant gains."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (2/18/15) "VGQ and Osisko create a new, leading intermediate royalty company."

Mandalay Resources Corp.

Jim Taylor, RFC Ambrian (2/18/15) "MND's publication of the reserve estimate for Bjorkdal is a major milestone."

Trevali Mining Corp.

Peter Campbell, Mackie Research Capital (2/17/15) "TV's Caribou mine and mill remain on track for a Q2/15 commissioning."

PolyMet Mining Corp.

Resource Investing News Interview with Chris Krueger (2/16/15) "The NorthMet project could be a game changer for POM."

Bear Creek Mining Corp.

The Gold Report Interview with Chris Thompson (2/11/15) "BCM has a well-respected management team."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (2/11/15) "ALK expects to receive full approval of Dubbo in Q4 FY/15."

Excelsior Mining Corp.

Thibaut Lepouttre, Caesars Report (2/9/15) "MIN's metallurgical test work is ongoing."

Pilot Gold Inc.

Kevin MacKenzie, Salman Partners (2/6/15) "PLG announced the final 2014 drill results from TV Tower."

Trevali Mining Corp.

The Mining Report Interview with Stefan Ioannou (2/3/15) "TV will produce on the order of 190 Mlb zinc annually from both Santander and Caribou."

North American Nickel Inc.

The Mining Report Interview with Stefan Ioannou (2/3/15) "NAN's high-grade nickel sulphide discovery in Greenland is associated with rocks similar to the world-class Voisey's Bay deposit."

Balmoral Resources Ltd.

The Mining Report Interview with Stefan Ioannou (2/3/15) "BAR's project portfolio includes the high-grade Grasset deposit in Quebec, where massive sulphide mineralization remains open in multiple directions."

PolyMet Mining Corp.

Tom Meyer, CIBC World Markets (2/3/15) "The $30M loan covers POM's anticipated costs through 2015."

Balmoral Resources Ltd.

Eric Lemieux, PearTree Securities Inc. (2/3/15) "BAR has agreed to option the N2 project to Wealth Minerals."

PolyMet Mining Corp.

Joe Reagor, ROTH Capital Partners (2/2/15) "POM's financing should alleviate investor concerns over potential equity financings."

Pilot Gold Inc.

Brent Cook, Exploration Insights (2/1/15) "PLG's updated PEA on Halilaga shows considerably improved economics."

Excelsior Mining Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/15) "MIN will move forward with its plans to develop the Gunnison project."

Pilot Gold Inc.

Tommy Humphreys, Resource Opportunities (1/30/15) "PLG's PEA on Halilaga showed an IRR of 43.1% and an NPV of $474M."

Franco-Nevada Corp.

James Fraser, Resource Opportunities (1/30/15) "FNV is the largest precious metals royalty play in the world."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (1/29/15) "ALK's ores have continually provided greater gold grades than originally estimated."

Pilot Gold Inc.

Dan Rollins, RBC Capital Markets (1/29/15) "PLG increased the estimated after-tax IRR on Halilaga to 43% from 20%."

Mike Hocking, Scotia Capital (1/29/15) "PLG's updated PEA on Halilaga is a positive development."

Source Exploration Corp.

The Gold Report Interview with Brien Lundin (1/28/15) "SOP is getting some great drill results on its Las Minas gold-silver-copper property in Mexico."

Excelsior Mining Corp.

The Gold Report Interview with Brien Lundin (1/28/15) "MIN's Gunnison project has great economics for a large copper deposit."

Virginia Mines Inc.

Adrian Day, Global Analyst (1/27/15) "The combined company of VGQ and Osisko is a new royalty powerhouse."

PolyMet Mining Corp.

The Gold Report Interview with Heiko Ihle (1/26/15) "POM has a very viable project in northern Minnesota."

Balmoral Resources Ltd.

Haywood Securities (1/26/15) "BAR's Grasset has significant exploration/expansion potential."

Eric Lemieux, PearTree Securities Inc. (1/26/15) "A busy winter season by BAR could lead to mineral deposit delineation."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (1/26/15) "MD has secured partners to complete over 9,200m of diamond drill programs."

Trevali Mining Corp.

Derek Macpherson, M Partners (1/22/15) "TV's Q4/14 production results were well ahead of our estimates."

Stefan Ioannou, Haywood Securities (1/22/15) "Production continues to progress well at TV's Santander mine in Peru."

Mark Turner, Scotia Capital (1/22/15) "TV's Santander mill operated above its 2 Ktpd design capacity in Q4/14."

Ian Parkinson, GMP Securities (1/22/15) "Full year production exceeded TV's increased 2014 guidance."

Alex Terentiew, Raymond James (1/21/15) "TV met our expectations with its Q4/14 operating results."

Ben Kramer-Miller, Seeking Alpha (1/21/15) "TV's management is considering adding a second mining facility."

PolyMet Mining Corp.

The Mining Report Interview with Joe Reagor (1/20/15) "POM's NorthMet is my favorite polymetallic project."

Trevali Mining Corp.

Derek Macpherson, M Partners (1/20/15) "TV's Stratmat drill results continue to expand the S-5 Lens zone."

Tahoe Resources Inc.

Geordie Mark, Haywood Securities (1/20/15) "THO's 5.23 Moz silver production in Q4/14 was slightly ahead of our estimates."

Excelsior Mining Corp.

The Gold Report Interview with Eric Coffin (1/19/15) "MIN's Gunnison project has extremely good logistics."

Eric Coffin, HRA Advisory (1/15/15) "MIN has potential to be a bottom-of-the-cost-curve producer."

Trevali Mining Corp.

Derek Macpherson, M Partners (1/13/15) "We increased our price target for TV."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (1/13/15) "We met with MND's CEO and came away with higher conviction in our Top Pick rating."

Focus Ventures Ltd.

The Gold Report Interview with Thibaut Lepouttre (1/12/15) "One does not often encounter in the world today a phosphate deposit as valuable as FCV's Bayovar."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (1/12/15) "MND had a strong finish to 2014, with record production."

Mike Parkin, Desjardins Securities (1/7/15) "Investors should buy MND before it rerates to trade more in line with its peer group."

North American Nickel Inc.

The Mining Report Interview with Rick Mills (1/6/15) "Today, nickel sulfide discoveries are as rare as chicken teeth, but NAN has found an incredible amount of smoke in Greenland and should find fire soon."

Balmoral Resources Ltd.

Thibaut Lepouttre, Caesars Report (1/6/15) "BAR's latest batch of drill results confirms the depth of the Horizon 3 sulphide zone."

Trevali Mining Corp.

Joseph Gallucci, ZZ-OLD Dundee Capital Markets (1/5/15) "TV is is our top pick in the junior mining space."

Mandalay Resources Corp.

Ron Struthers, Struthers Resource Stock Report (1/5/15) "MND has excellent low-cost production and growth potential."

PolyMet Mining Corp.

Joe Reagor, ROTH Capital Partners (1/5/15) "POM is our top base metal pick for 2015."

Pilot Gold Inc.

(1/4/15) "PLG's TV Tower holds the greatest promise and will probably see a concerted drill campaign in Q2/15."

Exeter Resource Corp.

Etienne Moshevich, Alphastox.com (12/30/14) "XRC definitely could create great value for its shareholders."

Syrah Resources Ltd.

The Gold Report Interview with Vincent Pisani (12/29/14) "SYR is a graphite company with big resources."

PolyMet Mining Corp.

Itinerant, Seeking Alpha (12/26/14) "POM's NorthMet project is our top pick among copper-nickel-PGM deposits in North America."

Trevali Mining Corp.

Derek Macpherson, M Partners (12/19/14) "As TV ramps up production it should trade at a premium to peers."

Stefan Ioannou, Haywood Securities (12/18/14) "Production restart at TV's Caribou remains on schedule for Q1/15."

Balmoral Resources Ltd.

Kevin MacKenzie, Salman Partners (12/18/14) "BAR announced the final results from its summer/fall drill program at Grasset."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (12/18/14) "TV is the best vehicle for zinc leverage on the Toronto Stock Exchange."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (12/17/14) "Drilling at VGQ's Coulon confirmed the depth continuity of Lens 257."

CopperBank Resources Corp.

The Gold Report Interview with Gianni Kovacevic (12/15/14) "CBK's mandate is to acquire high-quality copper projects that have been adequately derisked."

Mason Graphite Inc.

Charlotte McLeod, Resource Investing News (12/15/14) "LLG has increased Lac Gueret's Measured and Indicated resource by 31%."

Balmoral Resources Ltd.

Haywood Securities (12/12/14) "BAR's EM survey at Grasset successfully showcased the project's massive high-grade potential."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/11/14) "BAR enters the new year with two promising exploration projects."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (12/10/14) "The Adam property adds depth and diversification to MD's portfolio."

Largo Resources Ltd.

The Gold Report Interview with Robert Baylis (12/8/14) "LGO's Northern Dancer is one of three major tungsten projects in the Yukon."

Carbine Tungsten Ltd.

The Gold Report Interview with Robert Baylis (12/8/14) "CNQ received $15M from Mitsubishi to finance a tungsten recovery operation."

PolyMet Mining Corp.

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "POM has huge reserves ready to be produced."

Exeter Resource Corp.

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "XRA has always been extremely well run."

Zimtu Capital Corp.

The Mining Report Interview with Thomas Drolet (12/2/14) "ZC helps its firms access other capital sources."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (12/1/14) "TV reported solid Q3/14 earnings, achieving a net income of $1.6M."

Balmoral Resources Ltd.

Eric Lemieux, PearTree Securities Inc. (11/30/14) "We continue to believe that BAR's Grasset Ni-Cu-PGE Horizon 3 Central zone is expanding."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (11/28/14) "ALK's Tomingley gold operations continue to outperform."

PolyMet Mining Corp.

Andrey Litvin, Edison Investment Research (11/28/14) "POM is on track to receive environmental permits in mid-2015."

Trevali Mining Corp.

Ben Kramer-Miller, Seeking Alpha (11/26/14) "TV found 21m of high-grade sulfide mineralization at Stratmat."

Balmoral Resources Ltd.

James Fraser, CEO.CA (11/26/14) "This is an exciting early-stage discovery for BAR."

PolyMet Mining Corp.

Tom Meyer, CIBC World Markets (11/24/14) "Outperformer POM is continuing to make positive progress at its development project."