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To: ms.smartest.person who wrote (1434)	9/22/2006 4:48:47 PM
From: whenitgoesup	Read Replies (1) \| Respond to of 3198

Pescod isn't mentioning his WR.v "pick of the year" lately, I've noticed.

To: ms.smartest.person who wrote (1434)	9/22/2006 9:16:13 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition September 22, 2006 AURELIAN RESOURCES (V-ARU) $30.90 n/c GOLD $588.40 +5.80 GOLDMARCA LIMITED (V-GML) $0.91 -0.47 Graeme Currie is a pretty busy boy these days, as the Canaccord mining analyst was the very first to get on board the Aurelian Resources story and it has turned out to be one of the stories of the year - if not the decade! Graeme wonders if this is not just a “discovery of the decade”, but a “discovery of a career”. His report is getting a tad dated right now and we refer to the report that was published on July 27th (Metals and Mining -- Precious Metals and Minerals – Ecuador - A South American Frontier), which took a good look at Ecuador and how timely was that? It seems that all the good news that has come out lately has been based in Ecuador, with ever more good stuff about Aurelian and also lots of gossip about Plexmar Resources (PLE) and yesterday some news on Goldmarca. Like we say, it is a tad-old right now, but there is tid-bits you might want so if you want to receive a copy email Sandra Wicks at sandra_wicks@canaccord.com. The one thing everyone should be aware of following this report is that it tells you how many shares outstanding. For instance, the big excitement over yesterday’s discovery at Goldmarca where they announced 284 meters of 2.75 grams per tonne (including 98 meters of 6 grams per tonne) which is pretty significant. That is until you realize how little leverage there is. Fully diluted Goldmarca has a whopping 250 million shares outstanding! That meant that yesterday this company, according to the market, was worth $300 million. At least, they have done some drilling – little Plexmar, has yet to do any drilling, but based on some pretty rocks and grab samples, has already had a run to a high of $1.27 and with almost 130 million shares outstanding fully-diluted, the market was saying at one time this company was worth $160 million. The big question of course is what next for the mining market and when we ask Currie what’s his thoughts on gold, he suggests, “Gold is probably in a trading range for the next six to 12 months between $550 and $730.” He adds, “If you had told me we would be in a trading range like that two years ago, I would have kissed ya.” Thanks for the offer Graeme, but a little hand holding in these ugly times would be plenty. CORRIDOR RESOURCES (T-CDH) $5.92 +0.02 OILEXCO INC. (T-OIL) $6.20 -0.04 It’s an absolutely gorgeous bottle of wine. It’s a 1997 Fabiano Amarone Della Valpolicella and it comes in such a gorgeous looking container that heck we are almost afraid to drink it, but I’m sure we’ll get over that! I’m talking about the bottle that Josef Schachter delivered to pay off our bet of sometime ago. For those of you who forgot what the bet was about – we had bet on Corridor Resources, which almost tripled (thank you Andy Gustajtis) while Josef picked something that – well lets just say, didn’t fare as well. Needless to say, Schachter wants another go at it some time shortly and he gets to pick the date we make the bet and this time it will be for six months and needless to say he wants revenge. And he also says that he expects to collect a good bottle of wine this time. We catch up with him today for a couple of things – first of all what’s his take on what’s next in the Middle East, after all there is more than a few people that worry about what happens next with Iran should they ever get a nuke and what happens next to the world? It’s down right scary! He suggests that if you are looking to follow that area of the world, the best thing to do is go to www.debka.com and follow it regularly. He also tells us that it is one of the “must-dothings” he does in order to try and keep up with what is going on in the Middle East. It’s a web site set up by ex-CIA and ex-Mossad agents that try and keep up and comment on any developments in the Middle East – must reading Schachter tells us. Next, are we near the bottom Josef for the oil & gas sector? “Not quite yet”, he suggests, and as an indicator of that, he tells us, that there are certain Brokers, Institutions or whatever, that whenever things get really, really bad call for “hand-holding” and lots of it. They haven’t phoned just yet, he suggests, but when it happens he figures that will be the sign of the “bottom”. He does expect the bottom within the next month or two though. (Please bottom come soon, please!) Now onto Oilexco, which looks like it is going to be delayed for another week. Schachter suggests that he would be disappointed if the Sheryl well doesn’t do somewhere between 12,000 and 18,000 barrels a day – 15,000 barrels a day, he suggests, would make the market quite happy! 10,000 barrels a day, which sounds like a lot to us, he figures might leave the market a tad-bit disappointed! (We talk with Oilexo’s IR guy Rob Elgie today and he suggests because of challenges to the formation, results on the Sheryl well aren’t expected for seven to 14 days to be totally finished).