JOHN EMBRY IS A LIAR

http://watch.bnn.ca/#clip175018

John Embry

Sprott Gold & Precious Minerals Fund

The Sprott Gold and Precious Minerals Fund is an RRSP eligible mutual fund designed to provide investors with portfolio diversification and exposure to the exciting opportunities that we believe the gold and precious minerals sector has to offer.

Effective January 2008, Investment Strategists' Charles Oliver and Jamie Horvat joined John Embry, Chief Investment Strategist, in overseeing the Sprott Gold & Precious Minerals Fund.

http://www.sprott.com/

Holdings of Fund/Holder SPROTT CANADIAN EQUITY FUND Address: ROYAL BANK PLAZA, SOUTH TOWER, SUITE 2700, PO BOX 27, TORONTO, ON, M5J 2J1 Total Value at last report: $ 1,115,333,000 CAD Total number of securities: 430 Results 1 to 50 -- Next 50 securities Sort by: Value - Shares - Largest increase - Largest decrease - Alphabetically Targeted Holder Detail Security Name Symbol Region Shares Held Change Price/Sh $Value 1000's % of fund Report Date CASH - CANADIAN $ $CAD Other 440,810,101 311,372,453 n/a 0 n/a 20081231 SILVER BULLION (OZ) SBULLION Canada 14,425,945 0 n/a 0 n/a 20081231 GOLD BULLION (OZ) BULLION Canada 260,839 0 n/a 0 n/a 20081231 ELDORADO GOLD CORPORATION ELD Canada 4,825,025 4,825,025 10.59 51,097 4.58 % 20081231 KIRKLAND LAKE GOLD INC. J KGI Canada 2,187,300 0 9.68 21,173 1.90 % 20081231 BANKERS PETROLEUM LTD. J BNK Canada 8,859,818 -16,734,438 1.83 16,213 1.45 % 20081231 DYNASTY METALS & MINING INC. DMM Other 3,243,750 300,000 n/a 0 n/a 20081231 CORRIDOR RESOURCES INC CDH Canada 6,641,334 139,700 2.08 13,814 1.24 % 20081231 GOLDEN STAR RESOURCES LTD. GSC Canada 6,493,600 0 2.31 15,000 1.34 % 20081231 SEABRIDGE GOLD INC. SEA Canada 436,121 0 32.04 13,973 1.25 % 20081231 STERLING RESOURCES LTD SLG Canada 10,548,240 744,700 1.12 11,814 1.06 % 20081231 QUESTERRE ENERGY CORPORATION J QEC Canada 9,017,000 1,016,400 1.30 11,722 1.05 % 20081231 MAG SILVER CORP. MAG Canada 1,860,523 -167,000 6.18 11,498 1.03 % 20081231 ATHABASCA POTASH INC API Canada 1,819,300 -87,000 5.30 9,642 0.86 % 20081231 TIMMINCO LIMITED TIM Canada 7,717,600 1,296,200 1.23 9,493 0.85 % 20081231 PINETREE CAPITAL CORP. J PNP Canada 4,601,640 1,392,700 2.09 9,617 0.86 % 20081231 JUNEX INC. JNX Canada 3,994,700 1,053,100 1.40 5,593 0.50 % 20081231 PHOSCAN CHEMICAL CORP FOS Canada 13,737,416 1,680,000 0.39 5,358 0.48 % 20081231 CAPITAL GOLD CORPORATION CGC Canada 7,395,000 new 0.72 5,324 0.48 % 20081231 CGX ENERGY INC. US$ OYL Canada 4,902,842 -527,500 1.19 5,834 0.52 % 20081231 COASTAL ENERGY COMPANY (CONS 30/10/07 4-1) CEN Canada 1,554,950 136,900 2.90 4,509 0.40 % 20081231 FORTUNA SILVER MINES INC. FVI Other 5,110,000 0 n/a 0 n/a 20081231 COLOSSUS MINERALS INC CSI Canada 1,597,400 99,100 3.30 5,271 0.47 % 20081231 WESTERN CANADIAN COAL CORP WTN Canada 3,465,354 0 1.32 4,574 0.41 % 20081231 NORONT RESOURCES LTD. NOT Canada 5,863,600 0 0.74 4,339 0.39 % 20081231 LARAMIDE RESOURCES LTD. LAM Canada 1,961,500 536,300 1.92 3,766 0.34 % 20081231 GOLDEN QUEEN MINING CO. LTD. J GQM Canada 7,340,300 0 0.70 5,138 0.46 % 20081231 SILVERCORP METALS INC (FORMERLY SKN RESOURCES LTD.) SVM Canada 1,194,500 -292,100 3.18 3,799 0.34 % 20081231 THOMPSON CREEK METALS COMPANY INC. WT EX 23OCT2011 TCM.WT Canada 976,400 0 3.70 3,613 0.32 % 20081231 STRATHMORE MINERALS CORP. STM Canada 7,182,632 1,257,400 0.59 4,238 0.38 % 20081231 BRONCO ENERGY LTD BCF Canada 3,231,400 848,000 1.04 3,361 0.30 % 20081231 MIGAO CORPORATION MGO Canada 437,700 -53,100 8.15 3,567 0.32 % 20081231 ANATOLIA MINERALS DEVELOPMENT LIMITED J ANO Canada 1,133,823 -85,000 3.19 3,617 0.32 % 20081231 EASTMAIN RESOURCES INC. J ER Canada 2,532,528 0 1.28 3,242 0.29 % 20081231 SEMAFO INC. J SMF Canada 1,420,300 1,420,300 2.41 3,423 0.31 % 20081231 EXCELLON RESOURCES INC. EXN Canada 10,451,850 0 0.29 3,031 0.27 % 20081231 PHOENIX COAL INC PHC Canada 10,943,600 0 0.24 2,626 0.24 % 20081231 ROCA MINES INC. ROK Canada 6,773,643 1,513,800 0.36 2,439 0.22 % 20081231 CANADIAN SPIRIT RESOURCES INC. SPI Canada 3,046,474 697,956 0.81 2,468 0.22 % 20081231 NEW MILLENNIUM CAPITAL CORP. NML Other 6,533,900 1,493,300 n/a 0 n/a 20081231 POTASH ONE INC (FORMERLY ISX RESOURCES INC) KCL Canada 930,200 0 2.85 2,651 0.24 % 20081231 SAN GOLD CORPORATION SGR Canada 1,149,600 49,900 2.36 2,713 0.24 % 20081231 CANADIAN ZINC CORPORATION J CZN Canada 11,757,533 2,493,300 0.21 2,469 0.22 % 20081231 KODIAK EXPLORATION LIMITED KXL Canada 4,012,700 0 0.59 2,367 0.21 % 20081231 GRANDE CACHE COAL CORPORATION J GCE Canada 1,588,200 84,600 1.40 2,223 0.20 % 20081231 QUEST URANIUM CORPORATION QUC Canada 16,512,000 16,495,880 0.14 2,312 0.21 % 20081231 ST. ANDREW GOLDFIELDS LTD. J SAS Canada 6,432,928 676,400 0.30 1,930 0.17 % 20081231 STRATECO RESOURCES INC. RSC Canada 2,240,400 0 0.96 2,151 0.19 % 20081231 ERDENE RESOURCE DEVELOPMENT CORPORATION (FORMERLY ERDENE GOLD INC) ERD Canada 7,426,400 new 0.285 2,117 0.19 % 20081231 FORTUNE MINERALS LIMITED J FT Canada 4,185,886 192,900 0.59 2,470 0.22 % 20081231

Holdings of Fund/Holder SPROTT GOLD AND PRECIOUS METALS FUND
Address: ROYAL BANK PLAZA, SOUTH TOWER, SUITE 2700, PO BOX 27, TORONTO, ON, M5J 2J1
Total Value at last report: $ 225,715,000 CAD
Total number of securities: 150

Results 1 to 50 -- Next 50 securities
Sort by: Value - Shares - Largest increase - Largest decrease - Alphabetically

Targeted Holder Detail

	Security Name	Symbol	Region	Shares Held	Change	Price/Sh	$Value 1000's	% of fund	Report Date
	IAMGOLD CORPORATION	IMG	Canada	2,550,000	1,400,000	12.10	30,855	13.67 %	20081231
	SILVER BULLION (OZ)	SBULLION	Canada	1,833,302	-1,212,392	n/a	0	n/a	20081231
	SILVER WHEATON CORPORATION	SLW	Canada	1,713,500	612,500	10.54	18,060	8.00 %	20081231
	WESDOME GOLD MINES INC.	WDO	Canada	9,875,800	0	1.92	18,962	8.40 %	20081231
	GOLDCORP INC	G	Canada	365,000	365,000	41.98	15,323	6.79 %	20081231
	KINROSS GOLD CORPORATION	K	Canada	547,975	547,975	21.44	11,749	5.21 %	20081231
	RUBICON MINERALS CORPORATION J	RMX	Canada	3,992,722	-4,000,000	2.43	9,702	4.30 %	20081231
	COLOSSUS MINERALS INC	CSI	Canada	2,682,000	0	3.30	8,851	3.92 %	20081231
	AURIZON MINES LTD. J	ARZ	Canada	1,570,100	new	5.14	8,070	3.58 %	20081231
	ORVANA MINERALS CORP. J	ORV	Canada	11,450,000	450,000	0.73	8,359	3.70 %	20081231
	NEW GOLD INC. J (FORMERLY DRC RESOURCES CORP)	NGD	Canada	3,010,120	1,005,820	2.72	8,188	3.63 %	20081231
	SEMAFO INC. J	SMF	Canada	3,270,800	-50,000	2.41	7,883	3.49 %	20081231
	MINEFINDERS CORPORATION LTD	MFL	Canada	690,000	690,000	10.25	7,073	3.13 %	20081231
	PDX RESOURCES INC (FORMERLY PELANGIO MINES INC)	PLG	Canada	2,397,100	-382,000	2.81	6,736	2.98 %	20081231
	ATNA RESOURCES LTD. J	ATN	Canada	6,300,000	0	0.94	5,922	2.62 %	20081231
	GREYSTAR RESOURCES LTD. J	GSL	Canada	1,500,000	0	3.55	5,325	2.36 %	20081231
	MINERA ANDES INC.	MAI	Canada	6,900,000	0	0.72	4,968	2.20 %	20081231
	KEEGAN RESOURCES INC	KGN	Canada	1,975,000	0	2.70	5,333	2.36 %	20081231
	OSISKO MINING LTD	OSK	Canada	750,200	300,000	6.67	5,004	2.22 %	20081231
	ROMARCO MINERALS INC.	R	Canada	5,900,800	0	0.73	4,308	1.91 %	20081231
	INTL TOWER HILL MINES LTD.	ITH	Canada	1,267,000	-400,000	3.20	4,054	1.80 %	20081231
	SILVERCORP METALS INC (FORMERLY SKN RESOURCES LTD.)	SVM	Canada	1,070,000	-730,000	3.18	3,403	1.51 %	20081231
	AQUILINE RESOURCES INC.	AQI	Canada	1,379,800	380,000	2.44	3,367	1.49 %	20081231
	INTREPID MINES CORPORATION J	IAU	Canada	13,000,000	0	0.29	3,770	1.67 %	20081231
	GUYANA GOLDFIELDS INC. J	GUY	Canada	1,000,000	-1,000,000	3.60	3,600	1.59 %	20081231
	AGNICO-EAGLE MINES LTD.	AEM	Canada	49,400	49,400	64.81	3,202	1.42 %	20081231
	KIMBER RESOURCES INC. J	KBR	Canada	4,500,000	0	0.70	3,150	1.40 %	20081231
	MINCO GOLD CORPORATION J	MMM	Canada	3,500,000	0	0.90	3,150	1.40 %	20081231
	BEAR CREEK MINING CORPORATION	BCM	Canada	1,580,400	-620,000	2.25	3,556	1.58 %	20081231
	TOURNIGAN ENERGY CORPORATION (FORMERLY TOURNIGAN GOLD CORP)	TVC	Canada	7,000,000	0	0.375	2,625	1.16 %	20081231
	ANDINA MINERALS INC.	ADM	Canada	1,801,800	-1,626,500	1.80	3,243	1.44 %	20081231
	RAINY RIVER RESOURCES LTD (FORMERLY COLLINGWOOD CAPITAL CORPORATION)	RR	Canada	918,700	-100,000	2.94	2,701	1.20 %	20081231
	SOLITARIO EXPLORATION & ROYALTY CORPORATION J	SLR	Canada	1,500,000	0	2.10	3,150	1.40 %	20081231
	ALMADEN MINERALS LTD.	AMM	Canada	3,000,000	-400,000	0.83	2,490	1.10 %	20081231
	COLOSSUS MINERALS INC WT	CSI.WT	Canada	1,397,250	0	1.65	2,305	1.02 %	20081231
	NAUTILUS MINERALS INC (FORMERLY ORCA PETROLEUM INC)	NUS	Canada	1,400,000	-500,000	1.32	1,848	0.82 %	20081231
	SAN GOLD CORPORATION	SGR	Canada	906,100	new	2.36	2,138	0.95 %	20081231
	EUROPEAN GOLDFIELDS LIMITED	EGU	Canada	612,300	0	3.42	2,094	0.93 %	20081231
	PREMIER GOLD MINES LTD	PG	Canada	801,600	-91,100	2.47	1,980	0.88 %	20081231
	KINROSS GOLD CORPORATION 2013 WT C	K.WT.C	Canada	382,257	new	5.20	1,988	0.88 %	20081231
	MINEFINDERS CORPORATION LTD WT 31DEC2011	MFL.WT	Canada	345,000	new	5.69	1,963	0.87 %	20081231
	DUNDEE PRECIOUS METALS INC.	DPM	Canada	890,000	890,000	1.94	1,727	0.76 %	20081231
	JAGUAR MINING INC J	JAG	Canada	200,000	new	8.91	1,782	0.79 %	20081231
	MUNDORO CAPITAL INC. J (FORMERLY MUNDORO MINING INC)	MUN	Other	3,800,000	0	n/a	0	n/a	20081231
	ALLIED NEVADA GOLD CORP	ANV	Canada	243,100	-20,000	7.61	1,850	0.82 %	20081231
	SOUTHWESTERN RESOURCES CORP. J	SWG	Canada	3,347,600	-1,122,400	0.495	1,657	0.73 %	20081231
	GOLD BULLION (OZ)	BULLION	Canada	2,416	-4,018	n/a	0	n/a	20081231
	AXMIN INC.	AXM	Canada	16,500,000	-1,000,000	0.095	1,568	0.69 %	20081231
	J-PACIFIC GOLD INC.	JPN	Canada	6,900,000	0	0.19	1,311	0.58 %	20081231
	UNIGOLD INC.	UGD	Canada	6,036,000	-500,000	0.195	1,177	0.52 %	20081231