Introductory Report

Alexco Resource Corp. is an environmental services/junior exploration company nearing production at its wholly owned Keno Hill silver district. Alexco is also receiving revenue for cleanup of the district and has unfettered access to develop the district indemnified from all prior environmental liability. See full report.

Paramount Gold and Silver Corp. (AMEX, TSX: PZG) is an aggressive exploration company operating in the prolific and historic Sierra Madre silver-gold belt near Chihuahua, Mexico. The Company has established a 35.8 million silver equivalent resource and is currently about half way through a 50,000 meter drill program. See full report.

Acadian Mining Corporation (TSX: ADA) has restarted production of zinc-lead at its Scotia Mine in Nova Scotia, Canada. The restart should provide cash flow for repurchase of stock, initiating a dividend, or developing considerable zinc-lead and gold asets in Atlantic Canada.” See full report.

Mercator Minerals Ltd. (TSX: ML) is rapidly approaching completion of its initial phase of expansion at its Mineral Park Mine in northwest Arizona.Phases I and II were designed to increase production at Mineral Park to an average of 56.4 million pounds of copper, 10.3 million pounds of moly, and 600,000oz. of silver on an annual basis over the first 10 years of the 25 year mine life.See full report.

Beacon Rock Research is initiating research coverage on Minefinders Corporation. Minefinders is scheduled to complete is first gold pour in early 2008 at its gold/silver project near Chihuahua, Mexico. The mine is anticipated to reach full commercial production by mid-2008 at which time they may be prepared to make a decision to expand the mine. See full report.

NovaGold Resources Inc. (AMEX, TSX: NG) is an emerging natural resource company graduating from development stage status to become a high quality, low cost producer starting by late 2006 or early 2007. NG has one of the largest resource bases of any exploration or development stage precious metals company. NG is advancing three of North America's largest undeveloped gold and copper deposits: the Galore Creek gold-silver-copper project, the Donlin Creek gold project in partnership with Placer Dome, the Ambler project in partnership with Rio Tinto, as well as the Company's Nome Operations including: Rock Creek, Big Hurrah and Nome Gold. See full report.

Sonic Foundry, Inc.’s (Nasdaq: SOFO) Mediasite presentation recorders provide an elegant solution for distributing “one-to-many” rich media content for educational institutions, corporations and government organizations for live or on-demand viewing over the Internet, intranet or recording to physical media. See full report.