Sprott Gold and Precious Minerals Fund Statement of Investment Portfolio continued As at December 31, 2007 Average Cost Fair Value $ $ 6,000,000 Pelangio Mines Inc. 1,925,738 16,260,000 1,500,000 Pinnacle Mines Ltd. 855,050 360,000 1,150,000 Platte River Gold Inc. 3,078,100 3,428,265 250,000 Platte River Gold Inc., Warrants – – 4,500,000 QGX Ltd. 10,123,392 13,185,000 2,009,100 Red Back Mining Inc. 4,032,887 14,023,518 9,465,000 Redcorp Ventures Ltd. 3,364,815 2,508,225 285,000 Redcorp Ventures Ltd., Warrants – – 1,250,000 Redcorp Ventures Ltd., Warrants – 1 960,000 Riverstone Resources Inc. 528,000 273,600 7,992,722 Rubicon Minerals Corporation 3,811,738 11,429,592 642,857 Rubicon Minerals Corporation, Warrants – 1 1,800,000 Sacre-Coeur Minerals Ltd. 3,000,000 3,600,000 5,500,000 SEMAFO Inc. 9,381,128 5,445,000 4,250,000 Silver Eagle Mines Inc. 5,592,264 3,485,000 400,000 Silver Eagle Mines Inc., Warrants 60,000 – 650,000 Silver Standard Resources Inc. 13,710,354 23,380,500 1,101,000 Silver Wheaton Corp. 4,359,905 18,496,800 1,000,000 Silver Wheaton Corp., Warrants – 2,250,000 1,250,000 Silver Wheaton Corp., Warrants – 3,187,500 1,800,000 Silvercorp Metals Inc. 2,266,957 16,758,000 1,500,000 Solitario Resources Corporation 2,098,582 7,950,000 3,000,000 Southern Silver Exploration Corporation 1,275,000 1,005,000 500,000 Southern Silver Exploration Corporation, Warrants – 1 4,470,000 Southwestern Resources Corp. 40,665,525 2,816,100 615,300 Sterling Mining Company , Warrants 2,114,109 2,104,326 3,252,930 Temex Resources Corp. 1,562,320 2,179,463 230,615 Temex Resources Corp., Warrants – – 7,000,000 Tournigan Gold Corporation 4,075,295 9,100,000 239,500 U.S. Gold Corporation, Warrants – 258,660 6,536,000 Unigold Inc. 4,085,000 4,052,320 4,692,000 VG Gold Corp. 1,424,373 1,407,600 9,000,000 Wesdome Gold Mines Ltd. 18,591,315 11,700,000 4,300,000 Yukon-Nevada Gold Corp. 16,088,285 5,848,000 1,350,000 Zacoro Metals Corp., Warrants 1,012,500 1,012,500 451,393,367 521,876,271 |