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Msg  15208 of 23125  at  12/16/2010 8:54:29 PM  by


Canaccord Genuity 2011 Junior Mining Watch List

Listed Alphabetically by Symbol
Junior Mining Watch List

Don't know what to watch? Forget the TV guide, Canaccord Genuity has published its 2011 Junior Mining Watch List. To
give a brief background, the junior mining team provides an overview of the small-cap mining sector and their year-end list of
exploration/development/mining companies that they believe could provide above-average speculative potential in 2011. Last
year’s list lived up to expectations: the 2010 watch list returned a one-year gain of 147.1% as compared with 46.4% for the
S&P/TSX Venture Index, 13.6% for the S&P/TSX Composite Index, 25.5% for the S&P/TSX Global Gold Index and 43.3% for
the S&P/TSX Diversified Metals & Mining Index. For 2011, the team remains “generally optimistic”, again citing China’s
growth benefitting metals demand, additional U.S. dollar weakness (or lack of relative strength) supporting commodity prices,
contingency government stimulus programs to support the global economy, and moderate North American economic expansion
underpinning the broad equity markets. They stress, however, that the years following significant one-year rallies have often
produced negative or flat returns. So what should investors be watching for in the upcoming year? Canaccord Genuity’s junior
mining team suggests continued exposure to small-cap equities that are associated with strong management and that have active
exploration and development programs on top-quality targets/assets over the next 6-12 months. Given the strength of the sector,
they also like exposure to selective pre-drilling phase exploration names that have quality preliminary geological data
supporting upcoming drilling programs. Many of these speculative stories remain under-recognized, but offer above-average
speculative appeal in the current market. Also, they continue to stress that risk-tolerant investors should consider accumulating
– Canadian and U.S. Comments for Thursday Dec. 16, 2010 4
This publication is a general market commentary and does not constitute a research report. Any reference to a research report
or a recommendation is not intended to represent the whole report and is not itself a research report or recommendation. This
commentary is for informational purposes only and does not contain investment advice. This publication may be wholly or
partially based on industry rumour, gossip and innuendo and as such is not to be relied upon as investment advice.
positions during corrective market phases and take profits in upturn rallies. The Canaccord Genuity 2011 watch list: Alhambra
Resources (ALH); Almaden Minerals (AMM); Auryx Gold (AYX); Batero Gold (BAT); Bowmore Exploration (BOW);
Dorato Resources (DRI); Edgewater Exploration (EDW); Full Metals Minerals (FMM); Goldgroup Mining (GGA);
Indicator Minerals (IME); International PBX Ventures (PBX); Iron Creek Capital (IRN); Mansfield Minerals (MDR);
Newstrike Capital (NES) North Country Gold (NCG); Polar Star Mining Corporation (PSR); Queenston Mining (QMI);
Riverstone Resources (RVS); Rockgate Capital (RGT); Sulliden Gold (SUE); Sunridge Gold (SGC); and Trelawney
Mining and Exploration (TRR).

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