Sprott''s top ten(TSX: MLY) - Sprott Molybdenum Participation Corporation (the "Corporation") announces that its net asset value as at April 20th, 2007 is $220 million or $5.27 per common share. The fair market value of securities of companies that explore for, mine and/or process molybdenum held by the Corporation (the "Portfolio Investments") is $131 million and $105 million is invested in cash and money market securities. Gross appreciation in the value of Portfolio Investments since January 1, 2007 is $34 million.
The investments made by the Corporation to date were primarily purchased on a private placement basis and are therefore subject to certain hold periods pursuant to applicable securities laws. While these investments are restricted from resale, the securities will be valued at a price that is discounted from the market price of such securities. The total discount from market price is approximately $31 million before income taxes and fees.
The Corporation calculates its net asset value and the fair market value of the Portfolio Investments at 4:00 p.m. (Toronto time) on the last day of each week that the Toronto Stock Exchange is open for business.
<< Top Ten Holdings (as at April 20, 2007)
1. Blue Pearl Mining Ltd.
2. Idaho General Mines Inc.
3. Roca Mines Inc.
4. Mercator Minerals Ltd.
5. Moly Mines Ltd.
6. International PBX Ventures Ltd.
7. Torch River Resources Ltd.
8. Virgin Metals Inc.
9. Inca Pacific Resources Inc.
10. Western Troy Capital Resources Inc.
CBS - is a distant 200
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