Magnesium Price Charts @ Page Bottom:
Magnesium Prices: 10% Mg in a deposit = 200 pounds p/ton Mg = over $400.00 p/ton ore (@ current prices). Once again I will state w/ no uncertainty that investors should be taking a very long hard look @ Molycor Gold Corp's new Nevada (Tami Mosi Project) Magnesium discovery. I firmly believe this will become a huge play in wks & months ahead after reviewing the 10-11% Mg grades, extremely long depths of 7 drill hole intercepts (200 to +500 ft Mg) and well over 1 mile of orebody strike distance. This project has all the earmarks of an elephant type Magnesium deposit & is well deserving of one's time spent on due diligence (note also the 5 M of +35% Manganese as well). What appears to be a very large & valuable discovery is seemingly progressing almost totally un-noticed by the market at present, (some get it already) but that can & most likely will change very soon. In terms of price and demand both Maganese & Magnesium are rising stars in the base metal sector. Along with the escalating demand & price for Manganese, RD-V (Rocher Deboule Minerals) is another 'Reaugh Group' company extremely well positioned to capitalize on Manganese at their Artillery Peak Arizona mega project and I would be paying close attention to this Arizona project as well as the other (steel industry) base metal projects they have in hand......KR
*Note: Positive News, a/o Editorial Updates on AUA-TSX, RD-V, & GOR-V, "I believe" can & should be expected over the next 2-3 wks for those so interested. I've purposely held off with recent commentaries on the latter 3 co's until such time as we obtain further news or developements of which I do fully expect from all 3 co's in the near term. Regarding the former (MOR-V) I believe we already have more than sufficient news to gain new investor & mining/steel industry interest in this discovery project. On another note many of you phone & email wanting my 'personal' opinion on the success of Adanac Molybdenum Corp Financing their Ruby Creek Moly mine? My answer is still a very big yes, I still firmly believe it will be successful and I fully expect to be able to see forthcoming news & have a positive commentary on that front in the near future. Another big question I currently recieve is will the Chinese Gov't approve the Daye Mine acquisition deal for Goldrea Resources? I fully believe they will regardless of the exremely long delays & wait thus far. That approval can & will dramatically change the share value of Goldrea Resources in a NY minute!...The potential is most definately there for all 4 co's to have a banner year from my viewpoint, and I will maintain my longheld view that metals are and will continue to be the best place to invest no matter what news the sub-prime debacle brings to the fear mongering side of the equation. Mega (unimaginable) investment dollars are still circling the globe daily looking for the next big sector to chase and it will invariably include PM's, Base Metals as well as Rare Earth Metals... KR
http://www.molycor.com
http://www.adanacmoly.com
http://www.rdminerals.ca
http://www.goldrea.com
Current Mg Prices & Charts Below:
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| MAGNESIUM.COM MG 90 RUSSIA |
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| Date | Price per mt | Price per lb | | Min | Max | Min | Max | | Mar 20, 2008 | $ 8914 | $ 8914 | $ 4.04 | $ 4.04 | | Feb 24, 2008 | $ 6335 | $ 6335 | $ 2.87 | $ 2.87 |
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| MAGNESIUM.COM 99.8% MIN EUROPEAN FREE MARKET |
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| Date | Price per mt | Price per lb | | Min | Max | Min | Max | | Mar 31, 2008 | $ 4600 | $ 4900 | $ 2.09 | $ 2.22 | | Mar 19, 2008 | $ 4250 | $ 4500 | $ 1.93 | $ 2.04 | | Mar 13, 2008 | $ 4250 | $ 4500 | $ 1.93 | $ 2.04 | | Mar 03, 2008 | $ 4400 | $ 4500 | $ 2.00 | $ 2.04 | | Feb 14, 2008 | $ 4000 | $ 4600 | $ 1.81 | $ 2.09 | | Jan 07, 2008 | $ 4200 | $ 4600 | $ 1.91 | $ 2.09 | | Dec 21, 2007 | $ 3900 | $ 4200 | $ 1.77 | $ 1.91 | | Dec 10, 2007 | $ 3700 | $ 4000 | $ 1.68 | $ 1.81 | | Nov 23, 2007 | $ 3300 | $ 3500 | $ 1.50 | $ 1.59 | | Nov 05, 2007 | $ 3050 | $ 3200 | $ 1.38 | $ 1.45 |
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| Date | Price per mt | Price per lb | | Min | Max | Min | Max | | Mar 27, 2008 | $ 4700 | $ 4850 | $ 2.13 | $ 2.20 | | Mar 19, 2008 | $ 4750 | $ 4850 | $ 2.15 | $ 2.20 | | Mar 13, 2008 | $ 4600 | $ 4800 | $ 2.09 | $ 2.18 | | Mar 03, 2008 | $ 4150 | $ 4250 | $ 1.88 | $ 1.93 | | Feb 14, 2008 | $ 3850 | $ 4000 | $ 1.75 | $ 1.81 | | Jan 16, 2008 | $ 4000 | $ 4400 | $ 1.81 | $ 2.00 | | Jan 08, 2008 | $ 4400 | $ 4600 | $ 2.00 | $ 2.09 | | Dec 22, 2007 | $ 4000 | $ 4400 | $ 1.81 | $ 2.00 | | Dec 10, 2007 | $ 3950 | $ 4150 | $ 1.79 | $ 1.88 | | Nov 23, 2007 | $ 3650 | $ 3700 | $ 1.66 | $ 1.68 |
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