Garry Cooper of UBS Investment Research believes that the most likely additions to the S&P index would be European Goldfields Ltd ( EGU ), Timminco Ltd. ( TIM ), Aurelian Resources Inc. ( ARU ), Mercator Minerals Ltd. ( ML ) and Candian Hydro Developers Inc. ( KHD ). Cooper believes that these stocks are the most likely to meet eligibility requirements for inclusion in the index. Cooper also mentions some other stocks which he believes have lesser chance of inclusion to the index. These include Franco-Nevada Corp. ( FNV ), Jaguar Mining Inc. ( JAG ), Birchcliff Engergy Ltd. ( BIR ) Taseko Mines Ltd. ( TGB ), Great Basin Gold Ltd. ( GBN), Aurizon Mines Ltd. ( AZK ) and Crew Energy Inc. ( CR ).

The S&P index is reviewed quarterly and the stocks comprising the index changed as appropriate to ensure liquidity and to reflect market capitalization.

Cooper listed several stocks which he believes may be removed from the index as they will no longer meet requirements of the index. These stocks include Cott Corp. ( COT ) and Connors Bros. Income Fund ( CBF.UN ).

The next update to the index will be on March 20, 2008. The announcement for changes to the stocks comprising the index is anticipated on March 13.