Manager: Robert Cohen, Goodman & Company 
Style: All-style encompassing 
Fund: Dynamic Precious Metals 
Strategy: A movement toward quality with an emphasis on reduction in political risk. A more concentrated position among holdings ie bigger bets and fewer names. 

Buy recommendations:

Aurelian Resources Inc. 
San Gold Corp. 
Andean Resources Ltd. 

 
Sell recommendation:

NovaGold Resources Inc.  

Commentary:

"Aurelian is one of the most exciting discoveries in this cycle. They already have compliant resources of 13.7 million ounces at around 7.3 grams which is high grade for an underground mine with wide mining widths. We still have to get better clarity on the mining laws that will be put in place in Ecuador and the market is basically waiting to see how the new mining act will look. There seems to be more worry embedded in the share price that what reality will be but we think it will wash out quite nicely.   We feel that the valuation is probably trading at one-third the valuation of where it ought to be. Probably a $24 to $25 target would be reasonable.