Top 10 Holdings

as on 09/03/2011

Company

Fund %

Description

Great Panther Silver

Great Panther Silver is a silver mining and exploration company. The Company’s activities are focused on the mining of precious and base metals from its two wholly owned mines in Mexico.

Vatukoula Gold Mines

7.98

Vatukoula Gold Mines Plc is a holding company mainly engaged in the operation of the Vatukoula Gold Mine in Fiji.

Athol Gold

6.86

Athol Gold focuses on acquiring interests in natural resources, minerals, metals, and/or oil and gas projects, such as (without limit) exploration permits and licenses, mining and production licenses or processing and development projects.

Hambledon Mining

4.64

Hambledon Mining is a gold mining and exploration company, engaged in the production of gold dore from the Sekisovskoye gold and silver deposit in Kazakhstan.

First Majestic Silver

4.62

Ascot Mining

Ascot Mining plc is a United Kingdom-based holding company, for gold mining companies in Costa Rica.

Ariana Resources

3.81

Ariana Resources and its subsidiaries are engaged in the exploration for and development of gold and other minerals in Turkey.

Angel Mining

3.79

Angel Mining is engaged in the exploitation of minerals, particularly gold, zinc and lead in Greenland.

Ascot Mining
(Warrants)

3.21

Ascot Mining Plc is a United Kingdom-based holding company, for gold mining companies in Costa Rica.

Norseman Gold

3.09

Norseman Gold plc is engaged in the production, exploration, evaluation and development of mineral resources.