Short Position Report (February 22, 2011)

TSX Short Positions                
                 
Short positions outstanding at Feb. 15/11 (with changes from Jan. 31/11).
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Uranium One  UUU 43474756 -856646          
Great Basin Gold  GBG 25804860 3383300          
Lundin Mining LUN 25383228 630460          
New Gold  NGD 22306789 -679936          
Equinox Minerals  EQN 21731558 2723256          
Thompson Creek Metals  TCM 20632747 386255          
Semafo  SMF 20423250 1065932          
Silver Wheaton  SLW 15954222 -1761449          
Quadra FNX Mining  QUX 15422860 871541          
Osisko Mining  OSK 14745043 4397436          
Yamana Gold  YRI 12490257 6349743          
Kinross Gold  K 10768854 264300          
Consolidated Thompson Iron Mines  CLM 10567606 3353230          
Gabriel Resources  GBU 9890248 8768502          
Teck Resources  TCK.B 9199394 -2856008          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Gabriel Resources  GBU 9890248 8768502          
Yamana Gold  YRI 12490257 6349743          
Forbes And Manhattan Coal FMC 5920000 5747400          
Novagold Resources  NG 5786137 4433698          
Osisko Mining  OSK 14745043 4397436          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Argonaut Gold  AR 1153487 -5075350          
Lake Shore Gold  LSG 1194648 -2942708          
Teck Resources  TCK.B 9199394 -2856008   &nb
sp;
     
Silver Wheaton  SLW 15954222 -1761449          
Barrick Gold  ABX 3531637 -1715400          
                 
TSX Venture Short Positions                
                 
Short positions outstanding at Feb. 15/11 (with changes from Jan. 31/11)
                 
Largest Short Positions                
                 
Security Ticker Total Short Change          
Great Western Minerals  GWG 9935627 2421584          
Eastcoal  ECX 4496833 4092333          
Valley High Ventures  VHV 3218500 2055600          
Western Potash  WPX 2192785 1165400          
Argex Mining  RGX 1654937 -251863          
Allana Potash  AAA 1650300 1051223          
Midway Gold  MDW 1615409 206141          
U3o8  UWE 1466414 60000          
Arcan Resources  ARN 1449400 665900          
Axmin  AXM 1268000 1112404          
Goldrush Resources  GOD 1259000 1159000          
NWM Mining  NWM 1215410 239805          
Largo Resources  LGO 1109700 -901226          
Titan Uranium  TUE 1102200 158000          
Panoro Minerals  PML 1098716 1078383          
                 
Largest Increase in Short Position                
                 
Security Ticker Total Short Change          
Eastcoal  ECX 4496833 4092333          
Great Western Minerals  GWG 9935627 2421584          
Valley High Ventures  VHV 3218500 2055600          
Western Potash  WPX 2192785 1165400          
Goldrush Resources  GOD 1259000 1159000          
                 
Largest Decrease in Short Position                
                 
Security Ticker Total Short Change          
Rodinia Lithium  RM 754946 -1658429          
U.S. Silver  USA 890622 -1584859          
Sego Resources  SGZ 277500 -1347925          
Largo Resources  LGO 1109700 -901226          
St. Eugene Mining  SEM 131 -782000          
                 
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