Royce Global Trust Inc T.RGT

The Profit Prospect Letter on Rockgate

[bulliongogo]

Wednesday, May 02, 2007 Geodex Minerals (GXM-TSXv) and Rockgate Capital (RGT-TSXv) Geodex Minerals (GXM-TSXv) If you are looking for good moly tungsten play – I found one. Geodex Minerals (GXM-TSXv) was brought to my attention because too many good brokers and newsletter writers were all pounding the table on it. Although not a super high grade project, the open pit economics on this play are looking extremely attractive. The Sisson Brook project is a moly, tungsten and copper deposit in New Brunswick Canada. They recently announced a resource estimate 4 times larger than shareholders were expecting – which is always good for shareholder confidence. With the grades they have we are looking at $32 rock which appears to be very economic with the tonnage and infrastructure that they have in place. Gross Metal Value in place probably runs well over $5B now with this resource estimate. Give 5% of that value for a market capitalization and you are looking at a market cap of $250M. With 50M shares outstanding I am looking at a very big potential winner on a conservative note. You do the math. I was fortunate enough to get some of the $0.35 financing that was completed a few months ago but I hadn’t even looked at the Company. Now that I have done my DD I am doubling my positions in the $1 financing that is taking place right now and also doubled my position again in the open market around $0.80 cents. The Company already has great volume and distribution – already written up by two newsletter writers that I have immense respect for – Brien Lundin and Lawrence Roulston. In fact Brien Lundin says it is a major buy. Scott Gibson is doing the retail investor relations for the deal and he has a great track record of sourcing good companies to do work for. I have never lost money following Scott Gibson and his IR team. Call them at Tel: [phone] Geodex is raising $10M at $1.00 they have great projects in a metals market that likes these odd ball metals and a good management team – I feel very safe adding to my position here. Rockgate Capital (RGT-TSXv) I mentioned this in the last email at $2.40 per share mentioning that the project looks pretty good historically. Apparently Jim Dines wrote it up today and has given this stock a great pop! If the drill results come back any where close to what the historic numbers say – there will continue to be joy in this stock. Results are still pending but the market is sure trading like something good is coming down. Stay Tuned. Happy Prospecting If you wish to be emailed when I make a post on my blog just ask at [e-mail] website: www theprofitprospectletter.blogspot. com Markus Day [e-mail]