This information expresses the opinions of the above-noted Institutional Sales and Trading personnel, and not necessarily those of Euro Pacific Canada Inc. (Euro Pacific). Statistics, factual data and other information are from sources believed to be reliable but their accuracy cannot be guaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. It is not meant to provide legal, taxation, accounting or account advice; as each situation is different, please seek advice based on your specific circumstance. Euro Pacific and its officers, directors, employees and their families may from time to time invest in the securities discussed in this newsletter. It is intended for distribution only in those jurisdictions where Euro pacific is registered as a dealer in securities. 

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