Commander Resources Ltd. (CMD.V) 2007年年度报告「TSX-V」.pdf

1、 ANNUAL REPORT 2007 1 Dear Shareholder,Commander is a diversified explorer focused in Canada,where the exploration potential is excellent and the political risk is low.We believe that as an early-stage exploration company,the best strategy is to expose shareholders to a broad range of high quality d

2、iscovery opportunities,while reducing risk,using a combination of aggressive land acquisition,focused projects and good deal-making.This strategy was successfully implemented in 2007.In 2008,the Company will continue to focus on maximizing value from existing assets through focused programs,strategi

3、c partnerships and/or other initiatives.In early 2008,within a weak market,the power of our leverage strategy was demonstrated when almost$1 million in working capital was added to the treasury without issuing a single share of CMD.This was achieved primarily through the sale of our minority interes

4、t in the Despinassy gold project and through the sale of some of our equity holdings in other exploration companies.We will continue to assess all of our assets for possible leverage opportunities and will seek to maximize the value from our portfolio of properties.Over the past year,your Company ac

5、hieved all of its planned business objectives.The Company funded exploration work on its three main projects Baffin Gold(Nunavut),Hermitage Uranium(Newfoundland),and Labrador Nickel.Three projects,Olympic-Rob IOCG(Yukon),Omineca Cu-Au(BC),and Cochrane Pond Uranium(Newfoundland)were funded by partner

6、s through option agreements.In total four drill programs were operating on projects owned by your Company.Our diversified approach and leverage strategy are working well.Positive exploration results and progress was reported from several of the projects and value was added to our main assets.On the