Worth reading....bottom of text.PDAC 2007 Preview Friday, March 2, 2007 By James West The greatest show on earth If you've never been to the Prospector and Developer's Association Convention, you're missing out on the Academy Awards of the resource industry. Not only is it the biggest event of its kind in the world, it is also one of the oldest having got its start in 1932. Back then, copper was five cents a pound, and gold was trading at $20.67 per ounce. This first convention was held at Toronto's King Edward Hotel on February 29, 1932, and there were a total of 132 prospectors in attendance. The reason for their meeting was that the Ontario Government, in an effort to give a boost to the many unemployed mining engineers at the time, decided to make it mandatory for prospectors to have their preliminary assessment work reviewed by a mining engineer, which the era's prospectors could not afford. The association was born. Today, the PDAC's annual convention is the world's premier meeting of mineral explorers, developers, investors, corporate and investment bankers, financiers, analysts, and government representatives. Over 12,000 attendees from 90 countries are expected with in excess of 430 companies and 280 organizations planning to exhibit. Hundreds of millions of dollars in deals are done right on the floor of the Investor's Exchange, and Toronto's dining establishments are packed to overflowing with wheeling dealing mining executives and investment bankers, huddled over steaks and wine, closing deals and swapping stories. The atmosphere for anyone remotely associated with the mining business is electric. And the best part about it is it's FREE for individual investors to attend. This year, expect record numbers of attendees, exhibitors, deals, and media. With a broad secular bull market in commodities entering its fourth straight year, this PDAC could be the watershed event that finally brings the heretofore fringe exploration and mining companies from obscurity into the global investing consciousness, and transforms mining from an alternative/contrarian investment class into a portfolio staple. Mining companies who are exhibiting always try to make a big splash in the days leading up to the PDAC as well as during the exhibition. This year is no exception, and there are a few notable companies whose booths are sure to be hives of investor activity as they have some of the most intriguing deals in their various sectors. Leading the pack of underdogs this year is International PBX Ventures (TSX: V.PBX) , BullBoards), a company whose extensive holdings in Chile include a near-term copper production property, and one of the world's largest un-developed molybdenum properties on earth. In the gold sector, Journey Resources (TSX: V.JNY) , BullBoards) is moving rapidly toward production on a property in Idaho where it has an additional advanced stage property, as well as a silver project in Mexico with ounces in the ground. This company is expected to issue a National Instrument 43-101 feasibility report in the near future, and the PDAC may provide the backdrop for just such an announcement. And then there's Grenville Gold (TSX: V.GVG) , BullBoards). One of the year's fastest moving stories, this tiny little junior was recently re-organized without a consolidation of share capital, and has acquired a group of past-producing silver mines in Peru, a huge prospective land position in Ecuador, a past-producing copper mine, and a gold property with a historic 700,000 ounce + resource. Run by seasoned mining execs Len De Melt and Paul Gill, this company's ability to come up with highly intriguing properties throughout South America is the shareholder's greatest asset. Who knows what these guys are going to pull out of their hat at the PDAC in terms of surprises. In the Uranium sector, two of the fastest growing, under-the-radar stories are Khan Resources (TSX: T.KRI) , BullBoards), a company developing a substantial resource in Mongolia, and Ultra Uranium, (TSX: V.ULU) , BullBoards), a uranium play under development in Slovakia If you're looking for a diamond deal to sink your teeth into, check out Hudson Resources (TSX: V.HUD) , BullBoards). This pure diamond play in Greenland is gaining momentum, and is threatening to become one of this decades major exploration success stories. The 2007 Prospectors and Developers Association of Canada convention runs from Sunday, March 4th until Thursday March 8th at the Metropolitan Toronto Convention Center on Front Street in downtown Toronto Ontario. Visit
www.pdac.ca for full details. Atlantis Equity Research
https://www.jwinsight.com James West is the lead manager of the Atlantis Private Equity Fund, an offshore investment fund focused on early stage investments in premium emerging resource companies. His access to the cream of the crop of global resource company management, entrepreneurs, financiers, and other fund managers provides his readers with an unparalelled depth of research that no other newsletter writers can provide. Visit him online at
https://www.jwinsight.com..