Base Metals Recommendations

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 2,000-tpd 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."

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."

Excelsior Mining Corp.

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

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, 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."

Mandalay Resources Corp.

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14) "MND has been very successful in generating high operating margins."

Virginia Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14) "It is highly likely the VGQ and Osisko merger will take place."

Trevali Mining Corp.

Derek Macpherson, M Partners (11/21/14) "TV converted the S-5 lens into a new area of mineralization."

Callinex Mines Inc.

Stockhouse Editorial Team, Stockhouse (11/21/14) "CNX's Flin Flon and Pine Bay projects both have potential for big resource deposits."

Trevali Mining Corp.

Mark Turner, Scotia Capital (11/20/14) "We believe that TV is near or at the top of the list of zinc-focused equities."

Ben Kramer-Miller, Seeking Alpha (11/20/14) "TV reported a Q3/14 profit of CA$1.6M, its biggest since it began producing."

MAG Silver Corp.

Jeff Wright, H.C. Wainwright & Co. (11/20/14) "We expect MAG to advance the Juanicipio project meaningfully throughout 2015."

Virginia Mines Inc.

Ben Kramer-Miller, Seeking Alpha (11/18/14) "VGQ's takeover by Osisko will create a large company with a lot of exploration potential."

Trevali Mining Corp.

Derek Macpherson, M Partners (11/17/14) "We believe TV's Santander is approaching steady state."

Adam Low, Raymond James (11/17/14) "TV offers investors the best equity exposure to zinc."

Barry Allan, Mackie Research Capital (11/17/14) "TV's Santander mine is operating well and producing positive cash flow."

Joseph Gallucci, Dundee Capital Markets (11/17/14) "We are reiterating our Top Pick Buy rating for TV."

Red Eagle Mining Corp.

Bob Moriarty, 321 Gold (11/17/14) "The numbers for RD are outstanding and will get better."

Sierra Metals Inc.

Christos Doulis, PI Financial (11/14/14) "SMT delivered strong Q3/14 operating results."

Virginia Mines Inc.

J. Taylor, Gold, Energy & Tech Stocks (11/14/14) "VGQ is a well-established royalty and prospect generator with positive cash flow."

Sierra Metals Inc.

Ali Khan, Edgecrest Capital (11/13/14) "SMT ended Q3/14 with $47M in cash, an increase of 12% over Q2/14."

Mandalay Resources Corp.

Chris Thompson, Raymond James (11/7/14) "We continue to rate MND a Strong Buy."

Balmoral Resources Ltd.

Thibaut Lepouttre, Caesars Report (11/7/14) "The strike length of BAR's Grasset mineralization could easily be doubled."

Tahoe Resources Inc.

Michael Gray, Macquarie Equity Research (11/6/14) "THO's Escobal is a best-in-class silver mine managed by a top-notch management team."

Midland Exploration Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/6/14) "The addition of Willbob strengthens MD's presence in the area."

Alkane Resources Ltd.

Vincent Pisani, Shaw Stockbroking (11/5/14) "ALK's Tomingley performed well in Q3/14; it is a cash cow."

Syrah Resources Ltd.

Vincent Pisani, Shaw Stockbroking (11/5/14) "SYR is at the forefront of developing new markets for graphitic carbon."

Excelsior Mining Corp.

Eric Coffin, HRA Journal (11/2/14) "MIN is as safe a preproduction copper stock as you can find."

Exeter Resource Corp.

Hebba Investments, Seeking Alpha (10/31/14) "XRA could be acquired by any one of the many majors in the area."

WCB Resources Ltd.

The Gold Report Interview with Bob Moriarty (10/29/14) "WCB could have big potential."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (10/29/14) "VGQ has strong financial flexibility and a solid work ethic."

Excelsior Mining Corp.

The Gold Report Interview with Oliver Gross (10/27/14) "MIN offers fantastic leverage on the copper price."

Callinex Mines Inc.

Stockhouse Editorial Team, Stockhouse (10/25/14) "The depth of expertise and experience on CNX's advisory board is vast."

Sierra Metals Inc.

Ali Khan, Edgecrest Capital (10/24/14) "SMT's Q3/14 production increased markedly over Q2/14 for all metals."

Virginia Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (10/24/14) "VGX is a well-established, positive cash flow prospect generator."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (10/23/14) "MD remains very active in exploration while conserving its $4M+ cash."

Grafoid Inc.

The Gold Report Interview with Ron Struthers (10/22/14) "Grafoid just opened a technical plant in Kingston, Ontario."