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finbar99

06/04/10 2:30 PM

#1259 RE: the cork #1258

Cork - OT for BK - but I see you have an interest in mining as well.

Take a look at AAB/AABVF over the weekend if you get a chance. One of my favorites outside of the bk arena. They aren't a miner, but are a merchant bank to the jr miners - as such it is essentially a portfolio of common shares and warrants, mostly with exposure to gold but also to oil/gas and potash. NAV was reported for last qtr around 1.18. Shares are going for around .35. If you go to SEDAR and pull up their MD&A, they list the positions in the portfolio, plus they have a 1% NSR (only offset to POG is smelter fees) on Simmer & Jack mine production in S.A which brings in around 2 million a year.