Endeavour Silver, Genco Resources, Formation Capital

On December 16, on Korelin Economic report radio show, David Morgan has recomended the following three companies: Endeavour Silver, Genco Resources and Formation Capital

• Endeavour Silver

web site: http://www.edrsilver.com/

Ticker symbol: EXK

Was trading at: 3.5$ per share

• Genco Resources

web site: http://www.gencoresources.com/

Ticker symbol: GGCRF.PK

Was trading at: 3.3$ per share

• Formation Capital

web site: http://www.formationcapital.com/

Ticker symbol: FCACF.PK

Was trading at: 0.5$ per share

Win-Eldrich mines

On December 23, 2006 Peter Spina, proprietor of goldseek.com silverseek.com and uraniumseek.com, co-editor of the goldforecaster and goldseek radio recommended Win-Eldrich Mines (CDNX:WEX.V) as one of his picks.

The Win-Eldrich Mines is a molybdenum company, which is just about to enter production.

As of December 22, the stock was trading at $1.87 and posted $0.04 (2.09%) decline.

Win-Eldrich is a Toronto based company, which holds a 40% interest in a molybdenum deposit in northern Nevada. Ashdown, which is located in northern Nevada most likely the highest-grade molybdenum deposit in the World although the size of the deposit has not yet been assessed.

Any day production expected to start up.

There is a hundred tones a day mill on the property. The price of molybdenum in three years went from 3$ a pound to around 25$ a pound the profit and the cash flow is expected to be huge. Could be bringing somewhere a dollar a share profit if price sustain itself

Ashdown’s Sylvia vein is said to be a 200-foot long deposit calculated to contain 21,550 tons of ore averaging 8% moly, before dilution.

Business Summary
Specializing in gold, molybdenum and Geothermal Resources.
Ashdown mine and mill permits have been received and the Ashdown Project LLC hopes to begin production of molybdenite concentrates during the 4th quarter of 2006.
The north end of the historic high grade molybdenum zone at Ashdown (the Sylvia Vein) has been intersected. The old decline has been dewatered and two faces are currently being developed.
The crushing and milling circuits have been tested separately and a small amount of molybdenum concentrate has been produced. The drying circuit and assay lab should be operational in November.
Molybdenum oxide prices remain in the $25 per pound range and demand continues to be strong.

Win-Eldrich Mines Limited owns a gallium project, a gold - molybdenum project, and several geothermal leases in Nevada. Win-Eldrich Mines Limited was incorporated in the 1940s. It originally owned mining claims in the Lac area of Ontario, Canada. These claims were mined out by the 1950s. WEX has operated several small energy and mining projects since then. In the mid 1980s, Reuben Brant acquired control of the company.

Key Executives
Reuben Brant - Chairman, Director
Mr. Brant has over 50 years exposure to the mining world beginning with his association with Lakeshore Gold Mines (Lac Group of mining companies). He earned his B.A., B.Comm., and M.Comm. in Business Administration and Economics from Saskatchewan and Toronto universities. As a stock broker for over 40 years, Mr. Brant has specialized in junior mining and energy companies.

Perry Muller - President, Director
Mr. Muller serves as president for numerous corporations involved in the transportation and agriculture industry. He has extensive management experience and has been involved in transportation and the procurement of raw materials for the past 20 years. Mr. Muller was voted President of Win-Eldrich at the 2006 Annual Meeting.

Fernao Ferreira - Vice President, Director
Mr. Ferreira is a retired reinsurance executive with 40 years experience in all aspects of company management, financial activities and contract negotiations. Mr. Ferreira has been a director of several companies.

William Sheridan - Secretary , Director
Mr. Sheridan was called to the Ontario Bar in 1972, and has been a partner of Lang Michener LLP since 1974. He is listed in the "Guide to the Leading 500 Lawyers in Canada", and is recognized as a leader in the field of mining law. Mr. Sheridan has been a director of several public companies.

Pete Winn - Geologist
Mr. Winn, MS Geology, has been an officer and director of several mining companies over the past 25 years. He has experience with exploration, development, mining and milling operations for many types of ores, including both metal and non-metals and marketing of final products.

Key Statistics

Stock Price History
From pennies in 200-2004 to around 1$ in 2005,2006, 3$ early in 2006 to under 2$ and falling now

Share Statistics
Exchange TSX Venture
Symbol WEX
Common Shares 11,516,769
Fully Diluted 12,288,262
Public Float about 6.5 million
52-week range C$ 0.65-3.02
*** data as of June 30, 2006

Balance Sheet:
No Debt.
Market Capitalization: Just under $10 million US!
40% Participation in Ashdown
Golden Phoenix holds 60%

Reported resources:
146,000 ton of 2.9% Moly
· 1 million tons at 1% Moly
· 0.088 opt Gold – 1,125,000 tons / approximately 100,000 ounces

HEADLINES
• Win-Eldrich Mines Closes Private Placements for $691,000
CNW Group (Fri, Dec 22)
• Win-Eldrich Mines Announces $310,000 Private Placement
CNW Group (Wed, Dec 20)
• Win-Eldrich Mines Announces $381,000 Private Placement
CNW Group (Tue, Nov 28)
• Win-Eldrich Mines Limited notified of BLM approval for full-scale operations at the Ashdown molybdenum mine
CNW Group (Thu, Nov 2)
• Win-Eldrich Mines Limited
CNW Group (Tue, Oct 3)
• Golden Phoenix and Win-Eldrich complete formation of Ashdown operating company
CNW Group (Mon, Oct 2)

Timberline Resources Corporation

On December 23, 2006 Peter Spina, proprietor of goldseek.com silverseek.com and uraniumseek.com, co-editor of the goldforecaster and goldseek radio recommended Timberline Resources Corporation (TBLC.OB) as one of his picks.

The Timberline Resources is a drilling and exploration company

As of December 22, the stock was trading at $1.17 and posted $0.09 (8.33%) rise.

Timberline has a very bullish chart at this time.

Timberline came as a very small exploration player and has transformed himself into a trillion-exploration company.

In the beginning part of 2006 acquired in full Kettle drilling, which is underground drilling company. Currently, with the boom in exploration there is a high demand for drill rigs. Kettle had 5 million dollars in revenue last year and it could reach 10 millions this year.

Timberline at current price is undervalued just at drilling component.

Drilling side has a big potential.
Price in 2007 expected to be $2 to $3 a share. If there should come across something significant on the exploration side, the company could be significantly higher.


Business Summary
Timberline Resources Corporation, a mineral exploration company, engages in the evaluation, acquisition, and exploration of mineral prospects in the United States. Its mineral prospects consist of gold, silver, and copper deposits. The company’s prospects include the Snowstorm prospect in Shoshone County and Spencer prospect in Clark County, Idaho; Olympic Mine and SUN prospects in Mineral County, Nevada; PAC, HD, ACE, and Downeyville prospects in Nye County, Nevada; Sanger Mine prospect in Esmeralda County, Nevada; Minton Pass and Lucky Luke prospects in Sanders County, Montana; and East Bull and Standard Creek prospects in Lincoln County, Montana, and. Timberline Resources is based in Coeur d'Alene, Idaho.

Key Executives
Mr. John Swallow , Chairman and Chief Exec. Officer
Mr. Mike Wilson , Chief Financial Officer
Mr. Douglas Kettle , 56, Advisory Director, Pres of Kettle Drilling Inc
Mr. Thomas Gurkowski , 65 Sec. and Treasurer
Mr. Stephen Goss , 55 Consultant

Key Statistics
Market Cap : 16.75M
Price/Sales (ttm): 4.84
Price/Book (mrq): 2.47
Book Value Per Share (mrq): 0.437

Stock Price History
52-Week Change3: 78.57%
S&P500 52-Week Change3: 11.20%
52-Week High (10-May-06)3: 1.10
52-Week Low (16-Dec-05)3: 0.30
50-Day Moving Average3: 0.71
200-Day Moving Average3: 0.77

Share Statistics
Average Volume (3 month)3: 3,189.06
Average Volume (10 day)3: 4,375
Shares Outstanding: 14.32M