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To: ms.smartest.person who wrote (2860)	11/1/2007 8:09:07 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition November 1, 2007 FORSYS METALS CORP. (T-FSY) $5.38 +$0.88 UCORE URANIUM (V-UCU) $0.84 +$0.32 BRIDGE RESOURCES (V-BUK) $1.25 -$0.01 ANGLO MINERALS (V-ALM) $4.65 -$0.15 Who would have thought that on a day like this, with the American market getting rocked because of Exxon’s profit problems and the Citigroup dividend that uranium stocks and alternative energy stocks would be the place to be. As we wrote yesterday many uranium stocks had a huge run up until earlier this summer when uranium prices peeked at $135 and then corrected dramatically to as little as $75. Needless to say many uranium stocks corrected as much as 50% to 80% and there’s been little joy in the sector. Now uranium prices are recovering and today there was several happy developments in the sector. First of all, Forsys Metals announced a memorandum of understanding with Korea Electric Power Corporation under which the company will explore the possibility of developing a frame work for the future exploration and development of the company’s Namibia Uranium Properties including its Valencia Uranium property. Needless to say it helps to get in bed with the big boys and obviously countries like Korea will need sources of energy down the road; looks like a great arrangement. Meanwhile in the exploration business, a junior that we had liked called Ucore Uranium came up with some absolutely spectacular drilling results today. Ucore Uranium reported 3.9 metres grading 2.4% U3O8 on their Volcan Mountain Project in Southeastern Alaska. This is an area of Alaska that has year round operational ability and its close to tidewater and has been drilled before decades ago. So one wouldn’t be surprised to see drilling replicate results from years ago. To put that in perspective that’s equivalent to find something like 4 ounces of gold, this is very significant. With the big news out of Ucore today, it’s a pretty excited Scott Koyich was here on the phone. The public relations agent to the stars is excited because Ucore is one of his clients. We have to credit Koyich with some of the best stock picks over the last year because of his selection of Anglo Minerals. To get his take on the world today he believes that “management behind Anglo is currently working on increasing shareholder value,” that’s his quote. We must admit that rumors out there suggests that because of high potash prices they might well be trying to sell the company. The question is, how much it might be worth. These days potash assets are good things to have. But back to Ucore, Koyich points out that these are spectacular drilling results today, that it is a drilling program that will be going until Christmas with results coming out on an ongoing basis on a project that was drilled many years ago with decent results. When we asked him for the three stories of the day that people should be watching, his number one pick is Ucore and we should point out that Ucore is a client. Other stories of interests, he points out; one is March Resources which yesterday updated operations on their project in Northern Chile and it looks like another delay. We had hoped that the project in Northern Chile would spud in October but yesterday they announced that they had secured a rig from a different company, and Koyich suggests that could save them as much as $2 million which is the good news. The bad news is that drilling will now commence sometime in December. It’s a high profile play and its either going to be a homerun…or not. The target is big. As a third pick he goes into the North Sea with Bridge Resources and suggests that management has put in a significant number of plays. For those that have been following Oilexco and Ithaca, he suggests it’s a play that should be on your screen. We point out that they need money and are going to have to do a financing sooner or later. GLOBESTAR MINING CORP. (T-GMI) $1.72 -$0.03 There are many things that can delay mining projects as we’ve learned over the years. Everything from environmental delays, political problems within a country, native land rights and of course there’s one big event that can definitely delay events...the weather. Globestar has announced that construction today has been temporarily suspended at Cero De Maimon copper gold project in the Dominican Republic, as the results of tropical storm Noel. Work is expected to resume early next week, but in the meantime because of over 20 inches of rain in some areas of the country, access to the town was cutoff this week. The company announces that there has been no significant damage to the project but that’s the mining business for you. Anything that could cause a delay will cause a delay, but in the meantime if production starts by mid year and nickel exploration continues to be as successful as over the last few months, this should be a story to follow. For those looking for background information on this story, email Jenna at Jennifer_Lagdamen@Canaccord.com, for Wendell Zerb’s report on Globestar. -------------------------------------------------------------------------------------- This was just too funny...you’ve got to give it a look. From time to time we’ve all been bothered by telemarketers that phone you at home at probably the most unwelcome times in general and make themselves a nuisance. So how do you react? Well this one person had the absolutely perfect plan to nail the next telemarketer. You’ve got to give it a listen, simply click on this and you’re there, youtube.com funny or what. Congratulations to YouTube, this had to be one of the best we’ve heard in ages. If you’ve come across some good ones that we’ve got to hear, let us know. If you would like to receive the Late Edition, email Debbie at debbie_lewis@canaccord.com