Base Metals Recommendations

Grafoid Inc.

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

Trevali Mining Corp.

The Mining Report Interview with Stefan Ioannou (10/21/14) "TV is poised to become the marquee name in the zinc space."

North American Nickel Inc.

The Mining Report Interview with Stefan Ioannou (10/21/14) "NAN's Maniitsoq project in Greenland has a type of geology similar to Voisey's Bay."

Balmoral Resources Ltd.

The Mining Report Interview with Stefan Ioannou (10/21/14) "BAR has made a high-grade nickel sulfide discovery at its Grasset project."

Mandalay Resources Corp.

Craig Foggo, RFC Ambrian (10/15/14) "MND reported an all-time quarterly production record for gold, antimony and Au eq."

Exeter Resource Corp.

The Mining Report Interview with John Kaiser (10/14/14) "XRA's gold-copper Caspiche deposit has been modeled for multiple mining scenarios."

Almaden Minerals Ltd.

The Gold Report Interview with Adrian Day (10/13/14) "AMM's balance sheet is great."

Carbine Tungsten Ltd.

Vivien Diniz, Resource Investing News (10/13/14) "CNQ is getting closer to becoming one of the leading producers of tungsten in the Western world."

David Lennox, The Age (10/13/14) "CNQ is well positioned to meet Western nations' growing tungsten requirements."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (10/10/14) "FVI's expansion studies at San Jose continue toward a decision by year-end."

Graeme Jennings, Cormark Securities (10/10/14) "We are upgrading our recommendation on FVI from Market Perform to Buy."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (10/9/14) "The grades of all metals at TV's Santander increased QOQ in Q3/14."

Adam Low, Raymond James (10/9/14) "Q3/14 was another solid quarter of production for TV's Santander."

Ian Parkinson, GMP Securities (10/9/14) "TV's Q3/14 production beat our expectations on high grades."

Derek Macpherson, M Partners (10/9/14) "In Q3/14, TV's QOQ silver grades increased by 15%, lead by 49%."

The Gold Report Interview with David Morgan (10/8/14) "TV has plans to bring on several new mines over the next three years."

Stefan Ioannou, Haywood Securities (10/8/14) "TV increased its 2014E production guidance for Santander."

Joseph Gallucci, Dundee Capital Markets (10/8/14) "TV's Q3/14 full production at Santander did not disappoint."

Chris Chang, Laurentian Bank Securities (10/8/14) "Q3/14 payable production at TV's Santander was better than expected."

The Mining Report Interview with Derek Macpherson (10/7/14) "TV has strong commodity fundamentals and it has a strong organic growth profile."

Derek Macpherson, M Partners (10/7/14) "TV is our top base metals pick as it continues to benefit from strong supply and demand fundamentals."

Tahoe Resources Inc.

Ralph Profiti, Credit Suisse (10/7/14) "THO is one of the better positioned mid-tier precious metals companies."

Largo Resources Ltd.

Luisa Moreno, Euro Pacific Canada (9/30/14) "LGO has begun producing vanadium pentoxide at market specification."

Excelsior Mining Corp.

Lawrence Roulston, Resource Opportunities (9/30/14) "MIN's Gunnison copper project will use low-cost in situ recovery."

Trevali Mining Corp.

Adam Low, Raymond James (9/26/14) "TV's Caribou mine is on track for commissioning in mid-2015."

Derek Macpherson, M Partners (9/25/14) "It appears TV remains on track to complete Caribou on time and budget."

Jeff Woolley, Paradigm Capital (9/25/14) "TV remains the best means for investors to gain equity exposure to zinc."

Mandalay Resources Corp.

The Gold Report Interview with Richard Karn (9/24/14) "MND has an antimony-gold project in Costerfield, Victoria, that we like a great deal."

Carbine Tungsten Ltd.

The Gold Report Interview with Richard Karn (9/24/14) "CNQ's use of a WHIMS unit could potentially boost recoveries by $8M worth of tungsten."

Trevali Mining Corp.

The Mining Report Interview with Jason Mayer (9/23/14) "TV is the one zinc pure play."

Joseph Gallucci, Dundee Capital Markets (9/23/14) "TV should have two ramped up operations in time for buoyed zinc prices."

Sierra Metals Inc.

The Gold Report Interview with Christos Doulis (9/22/14) "SMT's Yauricocha is the engine that provides the cash for the growth of the company in Mexico."

Alexco Resource Corp.

The Gold Report Interview with Christos Doulis (9/22/14) "AXR's new Flame & Moth deposit should allow it to run its 400 tpd mill at capacity."

Trevali Mining Corp.

Derek Macpherson, M Partners (9/18/14) "TV developed the surface and underground at Caribou through summer."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (9/17/14) "MD's Pallas project is advancing diligently."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (9/16/14) "New South Wales authorities have conditionally approved ALK's Dubbo."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (9/15/14) "We increase our target price for TV to account for expected higher grades and throughput at Santander."

Excelsior Mining Corp.

Joseph Gallucci, Dundee Capital Markets (9/15/14) "MIN's announced drill program is a major derisking step at Gunnison."

Focus Ventures Ltd.

Canaccord Genuity's Morning Coffee (9/11/14) "FCV's maiden resource estimate at Bayovar highlighted 115 Mt Indicated resources grading 12.37% P2O5."

Trevali Mining Corp.

Adam Low, Raymond James (9/11/14) "TV has a high probability of exceeding production guidance in 2014."

Alexco Resource Corp.

Christos Doulis, PI Financial (9/10/14) "We recommend AXR as a Buy and believe it deserves a premium multiple relative to peers."

Red Eagle Mining Corp.

Jeb Handwerger, Gold Stock Trades (9/9/14) "RD's feasibility study showed that at $1,300/oz gold, the IRR is 52%."

Tommy Humphreys, CEO.CA (9/9/14) "RD could be a big winner for investors in the short and medium term."

Midland Exploration Inc.

Eric Lemieux, EBL Consultants (9/8/14) "MD optioned its Samson property to Donner Metals."

Alexco Resource Corp.

Mike Niehuser, Scarsdale Equities LLC (9/8/14) "AXR's expanded mining operation at Keno Hill has the potential to produce for decades."

Trevali Mining Corp.

Derek Macpherson, M Partners (9/3/14) "TV identified a new copper-gold zone at Stratmat."

Adam Low, Raymond James (9/3/14) "We believe TV is poised to benefit from its leverage to the zinc price."

Largo Resources Ltd.

Joseph Gallucci, Dundee Capital Markets (9/3/14) "LGO's Maracás has the potential to be the world's lowest-cost source of V205."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (9/2/14) "At current levels, TV represents an excellent buying opportunity."

Pilot Gold Inc.

Brent Cook, Exploration Insights (8/31/14) "PLG continues to discover new gold/copper mineralization in Turkey."

Balmoral Resources Ltd.

Lawrence Roulston, Resource Opportunities (8/26/14) "BAR reported further high-grade nickel-copper-PGE intercepts at Grasset."

Jordan Roy-Byrne, The Daily Gold (8/24/14) "BAR has been one of the biggest early winners of this fledgling bull market."

Sierra Metals Inc.

Ali Khan, Edgecrest Capital (8/22/14) "We are initiating coverage on SMT with a Buy rating."

TerraX Minerals Inc.

Jay Taylor, Gold, Energy & Tech Stocks (8/22/14) "TXR's market cap is still tiny compared to where I think it can go."

Trevali Mining Corp.

Derek Macpherson, M Partners (8/21/14) "TV's Santander resource is likely to grow following the next update."

The Mining Report Interview with Björn Paffrath (8/19/14) "TV may be the most leveraged junior to a rising zinc price."

Excellon Resources Inc.

The Mining Report Interview with Björn Paffrath (8/19/14) "We took a deeper look at EXN and started to build a position."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (8/18/14) "We expect TV's production to increase in H2/14."

Chris Chang, Laurentian Bank Securities (8/15/14) "TV represents the go-to name for zinc leverage."

Adam Low, Raymond James (8/15/14) "TV's adjusted EPS in Q2/14 was in line with our estimate."

Joseph Gallucci, Dundee Capital Markets (8/15/14) "TV still represents an excellent buying opportunity."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (8/13/14) "In moving to a producer, ALK has improved its corporate structure."

Source Exploration Corp.

Haywood Securities (8/8/14) "Drill results at SOP's Las Minas included 8m grading 10.61 g/t Au, 7.2 g/t Ag and 1.58% Cu."

Trevali Mining Corp.

Itinerant, Seeking Alpha (8/5/14) "We still see a strong case for much further growth of TV."

Mason Graphite Inc.

Alessandro Bruno, Investor Intel (7/30/14) "LLG's Lac Gueret is world class, with 99%-pure graphite potential that will draw international demand."

Cayden Resources Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/30/14) "CYD continues to deliver impressive drill results from El Barqueno."

Sierra Metals Inc.

Christos Doulis, PI Financial (7/29/14) "We are initiating coverage on SMT with a Buy recommendation."

Asanko Gold Inc.

Joe Mazumdar, Canaccord Genuity (7/29/14) "Metallurgical test results for AKG's Dynamite Hill came in higher than our forecasts."

Trevali Mining Corp.

Laurentian Bank Securities (7/29/14) "We expect Q2/14 earnings for TV of $0.01/share; we maintain our Buy."

Largo Resources Ltd.

The Gold Report Interview with Paul Renken (7/28/14) "LGO's large Maracás iron-vanadium project in Brazil is in the commercial ramp-up stage."

Red Eagle Mining Corp.

Jeb Handwerger, Gold Stock Trades (7/28/14) "RD's Santa Rosa could be the first permitted, modern mine in Colombia."

Balmoral Resources Ltd.

Kevin MacKenzie, Salman Partners (7/24/14) "BAR has a proven management team with a history of discovery and value creation."

Trevali Mining Corp.

Jeff Woolley, Paradigm Capital (7/24/14) "TV is the best positioned producer to benefit from rising zinc prices."

North American Nickel Inc.

The Gold Report Interview with Doug Loud (7/23/14) "We like NAN's Maniitsoq nickel sulfide project in Greenland."

Alexco Resource Corp.

The Gold Report Interview with Doug Loud (7/23/14) "AXR has smart management, a wonderful new site and lots of profit potential from zinc and environmental recoveries."

Pilot Gold Inc.

Jeff Killeen, CIBC World Markets (7/22/14) "We view PLG's drill results as positive; they highlight the potential for continued resource growth at TV Tower."

Alkane Resources Ltd.

Esmarie Swanepoel, Mining Weekly (7/18/14) "ALK achieved design capacity at Tomingley in late May."

Arianne Phosphate Inc.

Henry Lazenby, Mining Weekly (7/18/14) "DAN's 2014 drill program has significantly boosted the Inferred resource at Lac à Paul."

Mandalay Resources Corp.

Craig Foggo, RFC Ambrian (7/18/14) "MND has continued to demonstrate its ability to increase resources at Costerfield."

Largo Resources Ltd.

Luisa Moreno, Euro Pacific Canada (7/17/14) "LGO is our top pick because Maracás will be one of the best vanadium projects in the world."