Overview

The Toll Cross Securities (TCS) Approach to Research
The TCS team of research analysts combines a wide breadth of education and experience to deliver timely and comprehensive equity recommendations. Our in-depth research integrates both quantitative and qualitative measures to provide our institutional and private investors with the highest quality investment risk assessments. TCS believes in thorough investigative field research, and our research analysts have traveled to five continents in order to deliver the most informed decisions.

Our research is available through full analyst reports, briefs, phone, or in-person presentations. Our reports are available only to our clients. TCS research analysts conduct in-depth analysis of specific sectors in order to develop a detailed understanding of its fundamental workings. This allows us to identify undervalued companies with both quality assets and solid management teams within our target areas as follows:

Resource Exploration and Mining: at TCS, we capitalize on our industry experience in early stage exploration, development-stage projects and producing operations in order to identify opportunities in the following areas:

• Uranium
• Nickel-Copper-Platinum Group Elements
• Gold ± Copper (West Africa, South America, Canada, Mongolia)
• Minor Metals (Molybdenum, Tungsten, Vanadium, etc.)
• Diamonds

Special Situations: at TCS we utilize our depth of experience and familiarity with a broad spectrum of industries to be constantly on the lookout for growth companies that offer unique products, exposure to niche markets, and geographical diversity. The companies are typically under-covered and are entering phases with major growth potential. Currently we follow companies in the following industries:

• Medical Devices
• Health Foods
• Oil and Gas
• Technology
• Telecom