http://www.theaureport.com/pub/na/7144
TGR: About 65% of your holdings are domiciled in Canada. What are some Canadian small caps that have your attention?
JF: When we break down the portfolio according to where the reserves are, about 16% of the fund is Canadian mining properties. Companies up there that we like are Rainy River Resources Ltd. (TSX.V:RR), which is developing a property in Southwestern Ontario. This is another one that's building a team to go to production, if they need to. They're working on their planning. They've had some very encouraging drill intercepts that tell us this could be a substantial underground mine in the future.
Another one is San Gold Corporation (TSX.V:SGR) out in Manitoba. They've got some very nice drill results. They've had some operating problems; but I think, once they get their operational issues resolved, the Bissett mine could be very profitable and produce high levels of gold.
And Lake Shore Gold Corp. (TSX:LSG) just announced some very nice drill results this morning. They're still finding some good drill targets on their property in Timmins, even after they started production earlier this year.
