For those of you who may be interested in Pinetree they just released financials to indicate that the net asset value of its holdings if $4.68. Right now it is trading at around $4.11. They hold a broad variety of small cap stocks the likes of which we are interested in....energy, uranium, rare earth, PM. Disclaimer.....I own some of this as I liked the fact that the CEO was a rather significant buyer of the shares. (Other things interested me as well but this did catch my eye)