Resource Stock Report - V14 #6.2  - Long Term Investing, PZG, NMB  - June, 18, 2008

PO Box 1020  Owen Sound, Ontario, Canada   N4K 6H6

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                                  Long term investing

I get lots of emails about when this stock or that stock is going to double or move up to a near
term target. But the vast majority if not everyone fails to hold a long term position and make the
enormous profits.

I have had all kinds of stocks go up thousands of percent and not one email from anyone who made
that profit. As far as I know, investors, including my readers fail time and time again to hold long
term positions.

I don't know how else to drive this point home, sure you can take some profits out and get all your
money out and multiples of it, but leave some on the table for big gains.

It is not like you have not had numerous or immense opportunity and to try and drive this home I am
going to list all kinds of examples, picked in this newsletter and recommended to hold along with
taking profits on the way up.

We bought Barrick Gold, Franco Nevada and Glamis Gold as penny stocks and they have gone up 50 or
100 times, not one note or email from anyone who made that profit. $1,000 investment held in any of
these would be worth $300,000 to $600,000 today.

Western Silver, we bought at $0..70 and sold at $10.50, not one email. Then we bought Western Silver
again at $0.90 and sold at $33 for 3,500% profit, not one email. The only stock I know that you
could have made over 1,000% twice and 3,500% the second time.

Research in Motion, RIM, bought at $3.50 sold at $100, not one email 1000 shares at $3.50 sold for
$100,000.

Ultra Petroleum, paid $0.50, now $95 not one email from anyone that held the stock. $1000 held long
term would be 2000 shares, now worth $190,000.

Oilexco, recent and still in its growth stage, paid $0.86, now about $19 up 2,100%, not one email
from anyone who is sitting on that profit.

Connacher up 700% and not one email from anyone who has that profit

Platinum Group PTM up 900% and  Exeter XRC up 700% and not one email from anyone sitting on that
profit.

We are up 1,000% on Goldcorp, 600% on Yamana YRI and not one email from anyone who has held the
stock since the original buy price.

Up 1,200% on Cameco CCO and 800% on Haliburton HAL and Yup, you guessed it - not one email from
anyone who is sitting on those huge profits

Last year Glamis Gold GLG was taken out for 1700% profit, Bema BGO was taken over for a 1,100%
profit, Rio Narcea RNG taken out for 600% profit and Miramar MAE bought out for 600% profit, And
once again, not anyone I know made that profit.

In 2006 we had Viceroy - VYE bought out for a 1,430% profit and that one you only had to hold for
about 2 years. And we sold Alberta Star - ASX that year for 550% profit, Silver Dragon - SDRG for
470% profit and Desert Sun DSM for 390% just holding those three, 1 year. Grove Energy -GRV for 400%
profit. No surprise, did not hear of one soul making those huge profits.

It cannot be that these are rare cases and I am just blowing my horn. I just listed 20 examples of
the past couple years. Now perhaps everyone that reads this newsletter is very modest and never
mentions any of these absurd gains. But I find that hard to believe and am afraid and think I am
right, the problem is nobody holds a long term position in any stocks.

So please if you make these huge gains, let me know. It is a great feeling to know of anyone making
a big kill in any stock

There is a common theme to most of these stocks, they are mostly junior companies that get their
hands on great assets and have a management team that wants to build wealth. They have all made large mineral or oil&gas discoveries. Or had a dominant position in a market, like Cameco,
Haliburton and RIM. There was a couple that just became over valued, such as SDRG and ASX.

Nobody can predict the future. If I would have told you Ultra Petroleum would go to $200 when we
bought it and that is where it is based on stock splits. You would never believe me. And I knew
their project had big potential but never knew it would be as big as it has turned out.

This is true with countless stocks on our list. Oilexco is still got huge upside on its land
position. Maybe they will discovery an elephant that nobody dreamed of.

Platinum Group and Exeter keep adding ounces and making discoveries. Many of our juniors like NMB,
PEM, GEA, WTM, ER, OK and FSR to name a few are making discoveries and they could be huge. We just don't know the final outcome.

All I can say is be patient. Don't be in a hurry to sell winners, especially those that are on to a discovery and still expanding it.

I will also add Paramount to this list. I know they are making a huge discovery, but I don't know
how big it will turn out. Nobody knows and they could make 2 or 3 more discoveries on their massive
land holdings. Paramount has two things going. They have a huge discovery in process and are a
dominant player in one of the best gold/silver belts in the world.

Everyone I hear from is worried what the stock price will be next week or in a couple months.
Wondering when it will hit $3 or $4. I don't care, I am just going to hold it for years or until it
looks like they have run out of potential. Sure I will take some profits on the way up, but once
you do that just park your winners and ride them.

Paramount Gold&Silver   AMEX/TSX:PGZ              Recent Price C$1.80
Entry Price $1.00                     Opinion - strong buy on breakout

I lasted updated Paramount about a month ago, speculating the bottom was in with an intraday dip to
$1.16 and I touched on it a couple weeks ago in regards to program and fund selling in Paramount and
other juniors.

The stock broke out on the chart yesterday and clearly the next up move is underway. It appears the
sellers in the stock have been exhausted and I expect this stock is now in much stronger hands.

I am hearing rumors that one of the major brokerage firms is going to begin coverage and we should
see the new resource estimate any time now.

The market is signaling that good news and higher prices are in the near future.

Last week they put out some drill results that were among the better results in the past several
weeks with hole SM-44 that had several intercepts including 0.43 meters at 5.59 g/t Au and 3,070 g/t
Ag as part of a wider, not quite so high grade intercept. That is over 3 kilograms silver or almost
100 ounces per ton.

That is the nature of these Clavos, you can have a low grade intersect and a few feet away a bonanza
grade intersect. Typically the grades are much higher in a bulk sample or in mining as skinny drill
holes will miss a lot of the bonanza pockets. These new assay results have extended ‘Clavo 99’ to a
known width of at least 650 meters and demonstrated continuity of mineralization from the surface to
a depth of nearly 400 meters. Hole SM-42 had a significant vein intercept of 5.85 meters (true
width) grading 6.06 g/t Au and 16.1 g/t Ag.  It also contained 0.93% Pb and 2.56% Zn. With the first
significant base metal intersects in Clavo 99 it tells me that at 400 meters they are getting lower
in the system, but it still could go hundreds of meters deeper.

The new resource estimate will not include a lot of the step outs or extensions in Clavo 99 as
recent drill results would have not been included in the calculation that started several weeks ago.

Anyway, I am expecting and hoping to see a new resource number of over 100 million ounce silver
equivalent. That would be about 3 times the last estimate. Paramount has now got a much better
handle on the structure controls and with 4 drill rigs now working, the resource is going to expand
much quicker and perhaps we are looking at another double or triple in the resource number by the
year end.

I do not think there is much of a chance left to buy the stock under $2.00, so I would be adding to
positions or averaging down without waiting much longer

Investor Relations: Chris Halkai
Tel: 1-613-226-9881
Toll-free: 1-866-481-2233

Website - http://www.paramountgold.com

http://www.stockhouse.com/comp_info.asp?symbol=PGZ&table=LIST

Normabec Mining   TSXV:NMB,  Frankfurt:N6M     Recent Price C$0.42
Entry Price $0.43               Opinion - strong buy

I am also hearing rumours that NMB has a lot of good news coming and a resource number. Some
followers are talking $0.60 in the short term and I see that as quite attainable. Just like
Paramount, I can't believe the stock is as cheap as it is. The best action is to always take
advantage of market inefficiencies, meaning low valuation compared to peers.

Phone number : (450) 441-9177,  Fax : (450) 653-3721

email: info@normabec.com

Website   http://www.normabec.com

http://www.stockhouse.com/comp_info.asp?symbol=NMB&table=LIST

(c) Copyright 2008, Struther's Resource Stock Report

All forecasts and recommendations are based on opinion. Markets change
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