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To: ms.smartest.person who wrote (1090)	5/18/2006 10:14:25 PM
From: ms.smartest.person	Respond to of 3198

cramerwatch.org (eom)

To: ms.smartest.person who wrote (1090)	5/19/2006 7:33:26 PM
From: ms.smartest.person	Read Replies (2) \| Respond to of 3198

&#8362 David Pescod's Late Edition May 19, 2006 ATNA RESOURCES (T-ATN) $1.29 -0.01 SHERWOOD COPPER (V-SWC) $3.10 -0.10 EUROZINC MINING (T-EZM) $2.43 +0.05 Of all the commentators out there on the junior resource and mining sector and some of the opinions we value the most, is that of the Coffin Brothers behind the “Hard Rock Analyst”. We have been quoting them and their letter has been suggesting consistently over the last while, to take money off the table as some of their stock suggestions levitate. They’ve been expecting a correction, but when it hit—wow! It hit with a vengeance! In their issue of May 17th, they write “Did we mention air pockets?” They also write; “Increasingly we are hearing that people who have been around the sector for the entire cycle or longer are thinking a summer on the beach is a good plan. Recharging is needed, and we don’t mean for cell phones...Selectivity will be the key for the next few months.” When we caught up with Dave Coffin yesterday, he suggested that he doesn’t worry as much for the price of gold, although it is correcting like all other commodities, as he feels that sooner or later, the American dollar continues to weaken. Having said that he suggests most currencies could continue to weaken, given global inflation numbers at least as he sees it. As far as he’s concerned, the market just simply needs a rest, but we note that this correction has already been incredibly painful, as some stocks have already seen 50% haircuts. While it could take weeks more for this correction to end and weeks more for base building to start, he suggested that already several stocks are probably hitting levels where a person might be considering stink-bidding or accumulation. When we ask for his favorites, his first is Sherwood Copper and he mentions that this had a bit of a “Yukon Chill” because of what’s happened with Yukon Zinc and other northerly mining stories, but he points out that Sherwood has already had two feasibilities done on it over the last decade and while there might be some upside surprises in costs, he figures even if you use copper at $1.50, the numbers should work out fine. Another stock that hit new highs because of Cramer’s comments on MSNBC (funny how he always seems to be pushing things to new highs, but always when he says buy, not sell) and Coffin points to base metal producer EuroZinc Mining as being one of the producers that will be seeing more metal production down the road. The stock has already tumbled— almost 40%. A third pick and one that has dropped 50% is Atna Resources. The news that Barrick was going to back in on production on their Pinson property took a little leverage away from Atna, but Dave says that even with only 30% interest in that play, they should receive a decent cash flow from it to attract some attention. The excitement now goes on some of their exploration projects and one in particular, which involves a potentially high grade epithermal project that is at about 8500 feet in the Nevada Mountains. Snow should be gone shortly and exploration starting and Coffin suggests that it’s one of those projects that one could have high expectations for in an area of the world that has been historically generous. CONFESSIONS OF A STREET ADDICT James Cramer is the bombastic, some say obnoxious personality that you see on “Mad Money” on MSNBC and has been attracting more than a little attention in Canada with his views on Canadian stocks and his stock picks are frankly, boring - banks and a couple of resource stocks. From some of his comments on some individual stocks, you know that in his pursuit of trying to know something about every stock out there – he may suffer some in-depth knowledge on any one. We notice his thoughts on Connacher Oil and Gas suggesting that just maybe he doesn’t know much about what’s going on there. (We also note how interesting that these are folks that now wait for Cramer to hype a stock on TV and then short it—expecting it to settle down when he moves on to his next hype—witness Crystallex). Having said all this, if you are looking to read a truly interesting book on the market, his book called “Confessions of a Street Addict” is well worth your reading. It’s a great look at what really happens on Wall Street and also some of the ups and downs he’s had in his career. You might find it interesting to see how his wife, a former securities personnel herself, saved him in the past. This is a book we really do recommend. If you would like to receive the Late Edition, email Debbie at debbie_lewis@canaccord.com