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PAGE THREE
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PAGE FOUR
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PAGE SIX
PAGE SEVEN
PAGE EIGHT
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PAGE TEN
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PAGE ELEVEN
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PAGE THIRTEEN
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PAGE FOURTEEN
PAGE FIFTEEN
Source: Capital IQ
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
$0.10
$0.15
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
$0.50
Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13
Volume Share Pricing
Capitalization Table Shareholders Summary
Major Shareholders
Sprott Asset Management 1.60%
Management / Directors / Assoc’s 32.00%
Float and Public 66.40%
Total 100.00%
Shares Outstanding (May 2013) In Millions
Basic 74.3
Options ~ 6.0
Warrants ~ 7.8
Fully Diluted 88.1
52-Week High-Low $0.74-$0.13
Market Capitalization 50.5
Enterprise Value 62.6
PAGE SIXTEEN
Source: Company Reports, Capital IQ Research Consensus Estimate
Analyst Coverage Liquidity
Brokerage Firm Analyst Rating
Date of
Initiation
Current
Target
M Partners Tom Varesh Buy 27-Feb-13 $1.30
Beacon Securities Michael Mills Buy 12-Oct-12 $1.00
Total Trading
Period Average Daily
Volume % of Float % of Total
Last 1 Month 419,700 0.96% 0.63%
Last 3 Months 368,500 0.84% 0.56%
Last 6 Months 303,100 0.69% 0.46%
Last 12 Months 232,200 0.53% 0.35%
$15.6 $17.9 $18.5
-$1.5
$1.6 $4.4
-40%
-30%
-20%
-10%
0%
10%
20%
30%
-$4.0
$1.0
$6.0
$11.0
$16.0
$21.0
$26.0
$31.0
$36.0
2010 2011 2012 Revenue EBITDA EBITDA Margin
PAGE SEVENTEEN
PAGE EIGHTEEN
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