| Eric Sprott - Sprott Asset Management | |||||||
| ***** NEW POSITIONS TAKEN | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 3Com Corp. | 200000 | $4.12 | $823,000 | ||||
| Advanced Magnetics Inc | 25000 | $59.80 | $1,495,000 | ||||
| Almaden Minerals Ltd. | 3400000 | $2.25 | $7,649,000 | ||||
| American Oriental Bioengineer | 160000 | $11.68 | $1,869,000 | ||||
| Biovail Corp. | 7610 | $21.16 | $161,000 | ||||
| EnCana Corporation | 80000 | $46.08 | $3,686,000 | ||||
| Energy Metals Corp. | 4822764 | $8.67 | $41,827,000 | ||||
| Focus Media Holding Limited A | 35000 | $66.46 | $2,326,000 | ||||
| Kimber Resources Inc. | 6055732 | $2.16 | $13,052,000 | ||||
| Kodiak Oil & Gas Corp. | 1217100 | $4.08 | $4,964,000 | ||||
| Metabasis Therapeutics Inc. | 50000 | $7.52 | $376,000 | ||||
| Mines Management Inc. | 93100 | $4.95 | $461,000 | ||||
| Omrix Biopharmaceuticals Inc | 106850 | $30.29 | $3,237,000 | ||||
| Patterson-UTI Energy Inc. | 150000 | $23.26 | $3,489,000 | ||||
| Seabridge Gold Inc. | 1082328 | $14.21 | $15,382,000 | ||||
| Tim Hortons Inc. | 125000 | $28.93 | $3,616,000 | ||||
| U.S. Energy Corp. | 1241900 | $5.06 | $6,279,000 | ||||
| U.S. Gold Corp. | 1058400 | $5.07 | $5,371,000 | ||||
| ***** SOLD OFF | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| ALLEGHENY TECH INCORP-NEW | 4200 | $62.14 | $261,000 | ||||
| Aber Diamond Corp. | 200 | $30.00 | $6,000 | ||||
| Aberdeen Asia-Pacific Inc | 500 | $0.00 | $0 | ||||
| Aries Maritime Transport Ltd | 2500 | $16.00 | $40,000 | ||||
| BCE Inc. | 183 | $21.86 | $4,000 | ||||
| BTU International Inc. | 95000 | $12.03 | $1,143,000 | ||||
| Banta Corp. | 20000 | $47.60 | $952,000 | ||||
| Baytex Energy Trust | 5900 | $20.85 | $123,000 | ||||
| Bema Gold Corporation | 100000 | $4.40 | $440,000 | ||||
| Brookfield Asset Management I | 855 | $42.11 | $36,000 | ||||
| CE Franklin Ltd. | 242000 | $11.27 | $2,728,000 | ||||
| Cambior Inc. | 151770 | $3.92 | $595,000 | ||||
| Carrizo Oil & Gas Inc. | 40000 | $25.80 | $1,032,000 | ||||
| Chaparral Steel Company | 30000 | $34.07 | $1,022,000 | ||||
| DYNAMIC MATERIALS CORP | 24693 | $32.44 | $801,000 | ||||
| Durban Roodepoort Deep LimiteSp | 4000000 | $1.38 | $5,521,000 | ||||
| Flotek Industries Inc. | 38000 | $15.50 | $589,000 | ||||
| GMX Resources Inc. | 45400 | $31.39 | $1,425,000 | ||||
| Gammon Lake Resources Inc. | 307378 | $11.41 | $3,506,000 | ||||
| Glencairn Gold Corporation | 11596500 | $0.55 | $6,329,000 | ||||
| Goldcorp Inc. | 95000 | $23.58 | $2,240,000 | ||||
| Hercules Offshore Inc. | 72900 | $31.06 | $2,264,000 | ||||
| IKANOS COMMUNICATIONS | 589875 | $11.77 | $6,944,000 | ||||
| IMA Exploration Inc. | 5239100 | $0.56 | $2,953,000 | ||||
| Joy Global Inc. | 20000 | $37.60 | $752,000 | ||||
| MEMC Electronic Materials, In | 20000 | $36.65 | $733,000 | ||||
| Mueller Water Products Inc. | 50000 | $14.62 | $731,000 | ||||
| Netopia Inc. | 50000 | $5.62 | $281,000 | ||||
| NeuroMetrix, Inc. | 10000 | $19.00 | $190,000 | ||||
| Neurochem Inc. | 40000 | $18.53 | $741,000 | ||||
| Nortel Networks Corporation | 314 | $50.96 | $16,000 | ||||
| OYO Geospace Corporation | 20000 | $56.75 | $1,135,000 | ||||
| PW Eagle, Inc. | 40000 | $30.03 | $1,201,000 | ||||
| Peru Copper Inc. | 912000 | $4.05 | $3,696,000 | ||||
| Provident Energy Trust (sub-r | 40000 | $11.65 | $466,000 | ||||
| Rambus Inc. | 70000 | $17.44 | $1,221,000 | ||||
| SeaChange International Inc. | 175000 | $8.89 | $1,556,000 | ||||
| Southwestern Energy Co. | 180000 | $29.88 | $5,378,000 | ||||
| Superior Energy Services Inc. | 50000 | $26.26 | $1,313,000 | ||||
| Sycamore Networks, Inc. | 200000 | $3.78 | $756,000 | ||||
| Ultra Petroleum Corp. | 120000 | $48.12 | $5,774,000 | ||||
| Viceroy Exploration Ltd. | 330000 | $8.95 | $2,955,000 | ||||
| aQuantive, Inc. | 30000 | $23.63 | $709,000 | ||||
| ***** HOLD POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| Eldorado Gold Corporation | 50000 | 50000 | $5.42 | $4.34 | $271,000 | $217,000 | |
| Metallica Resources Inc. | 3551900 | 3551900 | $3.95 | $3.04 | $14,030,000 | $10,805,000 | |
| Parallel Petroleum Corporatio | 75000 | 75000 | $17.59 | $20.07 | $1,319,000 | $1,505,000 | |
| PetroQuest Energy, Inc. | 150000 | 150000 | $12.75 | $10.43 | $1,913,000 | $1,565,000 | |
| Rubicon Minerals Corporation | 6730765 | 6730765 | $0.81 | $0.92 | $5,433,000 | $6,203,000 | |
| TALISMAN ENERGY INC | 60000 | 60000 | $17.00 | $16.32 | $1,020,000 | $979,000 | |
| Titanium Metals Corporation | 30000 | 30000 | $29.53 | $25.30 | $886,000 | $759,000 | |
| ***** AUGMENTED POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 6100 | American Dairy | 149200 | 143100 | $19.83 | $14.00 | $2,958,000 | $2,004,000 |
| 35000 | Cardiome Pharma Corporation | 110000 | 75000 | $11.16 | $11.55 | $1,228,000 | $866,000 |
| 16300 | Cenveo, Inc. | 85000 | 68700 | $21.22 | $18.82 | $1,804,000 | $1,293,000 |
| 48800 | Delta Petroleum Corp. | 4393538 | 4344738 | $23.19 | $22.52 | $101,872,000 | $97,861,000 |
| 48600 | GOLDEN STAR RES LTD | 14055600 | 14007000 | $2.93 | $2.70 | $41,157,000 | $37,847,000 |
| 25000 | NUTRI/SYSTEM INC | 46508 | 21508 | $63.47 | $62.30 | $2,952,000 | $1,340,000 |
| 246000 | Yamana Gold Inc. | 260000 | 14000 | $13.15 | $9.21 | $3,418,000 | $129,000 |
| ***** REDUCED POSITIONS | |||||||
| Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| -10000 | Adobe Systems Incorporated | 30000 | 40000 | $41.17 | $37.48 | $1,235,000 | $1,499,000 |
| -75000 | Agnico-Eagle Mines Limited | 200000 | 275000 | $41.30 | $30.96 | $8,259,000 | $8,515,000 |
| -835700 | Arch Coal Inc. | 939200 | 1774900 | $30.06 | $28.92 | $28,237,000 | $51,322,000 |
| -334800 | Banro Corp. | 944000 | 1278800 | $13.05 | $8.72 | $12,321,000 | $11,155,000 |
| -66000 | CERADYNE INC CALIF | 2250 | 68250 | $41.78 | $41.10 | $94,000 | $2,805,000 |
| -157500 | Delta Petroleum Corp. (Restri | 2212176 | 2369676 | $23.19 | $22.52 | $51,293,000 | $53,375,000 |
| -41374 | Flexible Solutions Internatio | 545870 | 587244 | $3.50 | $3.20 | $1,913,000 | $1,880,000 |
| -1143957 | IAMGold Corporation | 466043 | 1610000 | $8.86 | $8.45 | $4,130,000 | $13,612,000 |
| -633000 | Kinross Gold Corporation | 28333 | 661333 | $11.86 | $12.52 | $336,000 | $8,278,000 |
| -50000 | Meridian Gold Inc. | 300000 | 350000 | $27.85 | $24.78 | $8,354,000 | $8,674,000 |
| -28280 | Miller Industries Inc. | 207750 | 236030 | $24.03 | $18.27 | $4,992,000 | $4,313,000 |
| -57300 | Minco Mining & Metals Corp. | 4030100 | 4087400 | $1.38 | $1.49 | $5,572,000 | $6,107,000 |
| -393000 | Minefinders Corporation Ltd. | 2061200 | 2454200 | $8.92 | $9.13 | $18,390,000 | $22,419,000 |
| -286500 | New Gold Inc. | 1743500 | 2030000 | $7.45 | $6.98 | $12,995,000 | $14,167,000 |
| -689200 | Northgate Minerals Corporatio | 2213400 | 2902600 | $3.50 | $3.21 | $7,755,000 | $9,323,000 |
| -501217 | NovaGold Resources Inc. | 3873420 | 4374637 | $16.98 | $15.52 | $65,790,000 | $67,907,000 |
| -804800 | Orezone Resources Inc. | 4307900 | 5112700 | $1.42 | $1.49 | $6,104,000 | $7,639,000 |
| -50000 | Pan American Silver Corp. | 250000 | 300000 | $25.24 | $19.44 | $6,311,000 | $5,833,000 |
| -7635500 | Queenstake Resources Ltd. | 96383200 | 1.04E+08 | $0.18 | $0.27 | $17,794,000 | $27,919,000 |
| -45500 | Richmont Mines Inc. | 776862 | 822362 | $2.40 | $2.46 | $1,868,000 | $2,023,000 |
| -50000 | SILVER STANDARD RES INC | 700000 | 750000 | $30.74 | $22.03 | $21,519,000 | $16,521,000 |
| -150000 | Silver Wheaton Corp. | 1250000 | 1400000 | $10.49 | $9.39 | $13,117,000 | $13,139,000 |
| -232300 | Solitario Resources Corp. | 2793500 | 3025800 | $4.09 | $3.61 | $11,418,000 | $10,937,000 |