This is the latest they have as of Sept.30/07
Top 25 Positions
Name of Security % of Net Assets
Aurelian Resources Inc. 6.2
Silver Bullion 5.9
Silver Standard Resources Inc. 4.2
Silver Wheaton Corp. 3.5
Gold Fields Limited 3.5
Guyana Goldfields Inc. 3.2
Tournigan Gold Corporation 3.2
Bear Creek Mining Corporation 2.9
Minera Andes Inc. 2.9
Wesdome Gold Mines Ltd. 2.7
Axmin Inc. 2.6
Metallica Resources Inc. 2.5
Red Back Mining Inc. 2.5
QGX Limited 2.4
Rubicon Minerals Corporation 2.3
New Gold Inc. 2.2
Andina Minerals Inc. 2.2
Aquiline Resources Inc. 2.2
Silvercorp Metals Inc. 2.0
Genco Resources Ltd. 1.9
Orvana Minerals Corp. 1.8
Minefinders Corporation Ltd. 1.7
Pelangio Mines Inc. 1.7
Greystar Resources Ltd. 1.7
Golden Star Resources Ltd. 1.7
Top holdings as a percentage of net assets 69.6
Total Net Asset Value $616,805,360
This summary
