A Comment -- General Comments From an Expert (A Commentary)

Nice dividend at 6.5%, but limited growth.

Waiting for drilling results.

Likes the base metal sector. Rising Canadian $ could have a negative impact.

Operating in a very tough market environment. Not a fan of the industry.

Not into commodity stocks. China is going to slow down. Has dividends which are probably safe.

78% gas. Has an interest in getting into coal bed methane. This area will eventually be good for early ones in this field.

Thinks we are seeing a bottom. Every 10% increase in the metal prices could add .60 to the bottom line. Prefers Inco.

Good dividends. Not a big growth stock.

Metal prices are down and have had labour problems. Prefers Inco. Dividend is probably safe.

Has been ignored. Prefers others. 6.5% yield but could be cut.

(Was a top pick on Feb 18. Down 14%.) Still likes. Have bought more. Trades at 9 X earnings. Expect their new numbers will be good. Very cheap.

Growing at a good rate. Could become a royalty trust or be a take over candidate.

Nothing too glamorous about it.

Dividend should be safe. If copper prices roll over, Noranda could get hurt. Good price.

Cyclicals are starting to look a little more positive, but he prefers to own specific commodities rather than a basket of them.