The TD Waterhouse research pages have posted a small article, dated March 17, by Andrew Allentuck. It reviews the Dynamic Precious Metals Fund, and briefly looks at three of its holdings, Kinross, Red Back, and San Gold.

The SGR blurb says:

"San Gold Corp. is a small cap gold miner based in Bissett, Man., and listed on the TSX Venture exchange. Shares purchased at $1.05 have recently traded at $1.60. The company is a restart of the old Rice Lake mine. New geological studies indicate that its gold deposits are economic. Mr. Cohen said. San Gold should produce 130,000 ounces in 2010. That would imply cash flow for the year ended Dec. 31, 2010, of 20 cents per share compared to 10 cents a year earlier and a 14 cent loss in 2008. Within 12 months, shares should pass $3, he noted."

The "Mr. Cohen" refers to Robert Cohen, who is the fund manager, and "a mining and mineral process engineer."