Juniors aus Kanada

MAG.V (0.72 C$)

http://www.magsilver.com/s/Home.asp

AUTHORIZED
Unlimited common shares with no par value
ISSUED & OUTSTANDING:
Common Shares: 29,606,549
Escrowed: 540,005 29,606,549
WARRANTS & OPTIONS:
Stock Options:
$0.50 per share to Apr 15, 2008 575,000
$0.70 per share to May 12, 2008 355,000
$1.06 per share to Jan 12, 2010 785,000
$1.06 per share to Jan 24, 2010 175,000 1,890,000
Share Purchase Warrants:
$0.75 per share to Apr 15, 2005 0 0
FULLY DILUTED: 31,496,549

Financial Statement as from 31.March 2005:

http://www.magsilver.com/i/pdf/2005Q1.pdf

Schon mehrmals erwaehnt in diesen Thread, hier ist ein neuer Report von MAG Silver:

Peter Magaw, who is beyond a doubt one of the most
knowledgeable geologists when it comes to silver exploration in Mexico. Peter had worked as an
exploration geologist for a number of years with major mining companies and with that experience. When
the economic situation soured for Mexico during the mid 1990s and as gold and silver prices plunged
toward bear market values, Peter used the knowledge he amassed from prior work as well as in his Ph.D
thesis to begin assembling highly prospective silver exploration targets at a time when the big companies
were pulling out of the area. The huge number of highly prospective silver exploration claims were
ultimately rolled into MAG Silver. It is important to note that Peter has a vested interest in the exploration
success of MAG, given his status as a shareholder of the company.

We have a number of impressive silver mining and silver exploration companies on our list. Most of them
are either commencing production or about to do so. MAG is different in that regard. It does not plan to
become a silver producer but rather will stay focused on exploration and development of its properties,
most of which have the potential to become world-class sized deposits. Without putting down any of the
other silver mining companies on our list, we would note that becoming a producer of precious metals
brings with it a lot of performance and financing risks not encountered by exploration companies. It is
important to note that MAG has an excellent relationship with Mexican mining giant, Peñoles, which in
fact is a shareholder in MAG. And in certain instances, the MAG properties are nearby or adjacent to
those being operated by Peñoles at this time.

Your editor thinks the probability is quite high that MAG will add very considerable shareholder value as
it explores and develops silver deposits, one or more of which in our view are likely to be major in size.
To qualify as exploration targets worthy of inclusion in MAG’s portfolio, they must: (1) have the potential
to host at least 100 million ounces of silver; (2) contain a sufficiently high grade of silver or silver
combined with gold, to lead to an economic mine at silver prices considerably below the current $7 level;
and (3) have a potential mine life of at least 10 years.

The company has at least six elephant-sized silver exploration targets to shoot at, but there are three
targets that are most advanced and where some drill results in the months to come could drive this stock to
much higher levels. Following is a brief description of those properties:

The Juanicipio and Lagartos Properties

These two properties, are located along the Fresnillo Silver Belt a few kilometers southwest of the
Fresnillo Silver Mine, the world’s largest silver mine. Between past production and reserves, more than

1.1 billion ounces of silver have been counted so far in this mine, which is operated by Peñoles, which just
happens to be MAG’s joint venture partner on this project.
The Fresnillo Mine excavates 7,000 tonnes per day from underground and produces 35.7 million ounces
of silver per year. The average grade is 632 grams/tonne silver (20 ounces per ton), and at this juncture it
still has 15 years of reserves. But there also appears to be huge upside exploration potential in the vicinity
of the Fresnillo Mine. Recently, Peñoles made a new discovery known as the Saucito, and at this time,

Peñoles is reportedly drilling within
800 meters of the eastern boundary of
the Juanicipio Property.

The Saucito discovery denoted by the
upward pointing red arrows in the
diagram on your left, has been traced
along strike for 1,400 meters appears
to extend well on to the Juanicipio
claims. Mineralized zones are on
average about 2 meters wide and
grades about 11 grams/gold per tonne
equivalent. So far, the work carried
out by Peñoles is said to contain the
equivalent of about 1 million ounces
of gold. Peñoles is reportedly
planning to sink a shaft this year as
drilling continues at a feverish pace
toward MAG’s property, in order to
extend the deposit.

Of great interest and most likely of great significance for MAG is the fact that it pulled a couple of very
promising drill holes along what appears to be the same plumbing structure that hosts the new Saucito
discovery. Hole #1 intersected 2.0 meters grading 630 grams silver per tonne (20.16 ounces) and 10.8
grams gold per tonne (0.35 oz./ton). And Hole #1-A scored 0.9 meter of 670 grams silver/tonne (21.44
ounces/ton) and 1.20 grams gold /tonne (0.038 ounces/ton).

The Peñoles Joint Venture on the Juanicipio Property requires Peñoles to spend US$5 million over 4
years for a 56 percent interest. Peñoles must spend $750 in year one, and drill 3,000 meters. In talking to
MAG, it appears likely Peñoles’s commitment will far exceed this minimum requirement during year one,
as there are reportedly many drills turning on the property now at a torrid pace. Peñoles was also required
to purchase US$500,000 worth of MAG stock, which it has done, giving the Mexican mining giant
620,000 shares of MAG.

Exploration on the Lagartos claims, which are much larger than the Juanicipio claims, is at an earlier
stage, but surface geological work including biochemistry and structural analysis point to some very
exciting targets. Your editor believes the probability is fairly high that we will be treated to some good
drill results in the months and years to come from the Lagartos properties.

The Batopilas Project is very unique in that nothing close to modern exploration has been carried out
here, owing to a great amount of property fragmentation until recent years; then, Peter Magaw patiently
and persistently gained title to the properties and assembled them into a claim area measuring
approximately 5½ kilometers by 7½ kilometers. Since these claims have been assembled, early efforts to
apply modern exploration technology have outlined four separate zones targeted for drilling. It is also
important to note significant underground workings exist, those being developed in the past as miners
followed extremely high-grade mineralization underground. Obviously, these workings provide access for
underground exploration that should be very beneficial to MAG. This seems to be a very exciting
prospect, given extremely high native silver values in which some 300 million ounces have been mined
using primitive mining methods.

The Guigui Project is located toward the northeastern corner of Mexico’s Silver Belt. This is a
silver/lead/zinc target. At least two areas have been targeted for drilling. In fact two drill holes have been
put down already on the northeastern corner of the claim area. One hole intersected 0.4 meters grading 3.5
ounces silver/ton and 9.8 percent combined lead and zinc. Another hole intersected 8.3 meters grading

4.20 ounces of silver per ton. The structure hit by these holes is less than 1 kilometer away from an
operating mine, namely, the San Antonio. It is my understanding that additional drilling has taken place
on this property and that results will soon be forthcoming as labs work off their heavy backlogs.
Other Properties – The company has three early-stage properties, all of which had previously been
explored by major mining companies. With past data available, these properties can be fast-tracked
toward more advanced exploration. These projects are: the Adargas in Chihuahua, the Sierra Ramirez in
Durango, and the Cinco de Mayo in Chihuahua.

Management:

Dan MacInnis – President & CEO. Dan has had 30 years of global exploration experience with major
mining companies like Noranda, Hemlo and Battle Mountain.

Gordon Neal –Vice President Corporate Development has founded the largest IR firm in Canada. He
has raised over $4 billion in equity and debt.

Dr. Peter Megaw, Senior Exploration Consultant – Peter has had mover than 27 yeas of experience in
exploration in Mexico. He is a partner in the largest consulting group in Mexico.

SUMMARY & CONCLUSION

If you are looking to buy a Mexican silver producer, MAG will not fit that bill. However, if you are
seeking a company that has a shot at outlining a major silver deposit that can bring shareholders a rich
reward in the process, I think it would be hard to find a better prospect than MAG.

The point that I believe is worth emphasizing is that MAG has not one but at least six properties that all
have a shot at becoming world-class deposits. Knowing mine exploration as I have come to know it over
the past 25 years, I do not expect the company to hit on all six. But if their work results in the outlining of
just one world-class silver deposit, shareholders who buy this stock at current levels will not be
disappointed.

HOW TO PICK RESOURCE STOCKS

by Ellsworth Dickson

Investing in resource stocks involves more than just riding a bull market – one has to evaluate and select stocks that offer the best chance of success with the least risk.

Investing in junior resource stocks has always been a risky business, but probably no
more risky than buying biotech stocks. It doesn’t matter what sector the investor
targets, there is no guarantee of success – even large,

apparently healthy companies can do poorly on the bottom line as well as on the stock
market. Each company lives or dies by the rules governing its own particular sector.
Success in the mining industry is generally governed by prevailing metal prices, the
ability of management and the biggest wild card of all – geology. There are many
properties that have encouraging mineral showings worthy of spending money to
explore; however, only a few will prove to be economic mining operations.

Yet, as far as the investor is concerned, while it is impossible to discern which
companies will find and develop a producing mine, it is quite possible to make
significant capital gains on the stock market without picking companies that will build
mines. This situation develops because of prevailing investor sentiment. When a company reports good exploration
results from its mineral project, the stock will often rise in value even though the project is not even close to
becoming a mine. The fact is that it doesn’t matter – investors will bid the stock higher because they believe the
project has potential. On the other hand, the fear factor will result in a declining stock price as investors dump their
shares in belief that the project has little potential.

The most important fact is that stocks must be carefully selected because a bull market in the mining sector doesn’t

provide market success for every company. The challenge is, of course, to identify potential winners. Stocks may
“drift” lower as the weeks drag on without any news, but will usually make big jumps very quickly when good
news is disseminated or, at least when news is perceived as positive. These jumps in share prices often happen so
fast that the big gains are over before the investor even knows about it, unless he or she follows the market very
closely. So what is an investor to do?

Resource World Magazine interviewed two professionals, one from the stock trading side and one with a geological

background. They offer valuable advice on how to select resource stocks at various stages in their corporate life.
Mal Spooner is president of Mavrix Funds in Toronto. Spooner’s resource-based
mutual fund posted a one-year return of 100% in 2003. Mr. Spooner is also the
author of Resources Rock – How to Invest and Profit from the Next Global Boom in
Natural Resources (Insomniac Press). Jim Bartlett is a Mining and Oil and Gas
Analyst at the brokerage house of Odlum Brown Ltd. in Vancouver, BC.

Resource World: Now that many metals have increased in value, what is your
current evaluation of the mining sector?
Spooner: Metals have been strong, and continue to be for all the right reasons.
Since the October 2003 lows, copper is up over 100%, nickel is up over 180%,
aluminium prices are up 33%, zinc is up 26% and cobalt a whopping 250%. Only
palladium is still in the doldrums, down 33% from levels three years ago. But the
prices are strong for all the right reasons. Global demand is strong and inventories are skinny. Demand is strong
because the economic recovery is global. Annualizing GDP growth recently reported – China is growing at an
8.8% rate, India at 8.2%, Japan at 4.4%, the US at 2.8% and the UK at 2.7%. Despite the strong metal demand and
higher prices, the stocks have traded lower over the sleepy summer months, mostly due to uncertainty about the
U.S. election, interest rate fears, and Mid East tensions. This is how opportunities are created – when there’s a
disconnect between what’s really going on and investor psychology.

Bartlett: Things have changed significantly since China, India and Asia have become the growth engines for
metals demand for the world. Essentially, the U.S. and Europe are mostly recycling markets – cars, refrigerators,
etc get recycled. In Asia they need a big input of primary metals that have been mined, not recycled. Asian demand
is expected to continue for five, 10, maybe 15 years. So, the outlook for the mining sector is very good.

RW: What do you look for when selecting mining companies to invest in?

Spooner: For grassroots exploration companies, management is most important. I look for management that is not
only capable (geologists) but are also motivated. Very often they’ve quit a larger production company to strike out
on their own, so they must believe in what they’re doing and where they’re doing it. Risk factors include geography (in a stable environment or in a politically unstable country); probability – preliminary
exploration (even grab samples) must confirm likelihood; and to some extent potential economics – if too far away
from roads/power etc. then grades or deposit size will have to be large. For companies that are exploring and
developing a known mineral deposit, again it’s the credibility of management. At this stage the management team
must be technically proficient, but they also will need to continue raising capital. There’s a delicate balance
between management teams who can promote nothing well, versus promote something good not so well.
Geography and infrastructure factor in more critically at this stage – if size of deposit and grades don’t make for a
feasible project in both up and down cycles,

then it’s more risky. Can management or a buyer make money mining this deposit where it’s located? For
companies in production, investing in these stocks is driven by two things – the commodity cycle and costs. Lower

cost operations are preferred. They’re less sensitive to the cycle. Low cost mining operations can provide a cushion
when cycles suddenly run out of steam. However, even the less efficient operators will perform well in a robust

demand environment – so where we are in the cycle is crucial to determining which stocks to own. Management
(yes, again) is important. There is a tendency for some company managers to spend aggressively in up cycles, as if
it will go on forever – and it never goes on forever. These stocks get hammered the most when the economy slows.
Finally, reserves are important. Larger production companies fall out of favour quickly if they are unlikely to
increase their production in good markets simply because they’ve not invested enough of their time and money

in discovering or buying more reserves in the between times.

Bartlett: In my opinion, grassroots exploration companies are not an investment – they are speculations. There
could very well be better odds in Las Vegas. That being said, there is a market for grassroots exploration
companies. Depending on the promoter and management, these kinds of stocks can trade at a significant premium
over their true asset value. The net asset value may be zero, but the stock could
trade anywhere between 50¢ and $5.00. For companies with some kind of mineral
deposit, what you are looking for is a sizeable deposit with projected revenues at
two times the cost that can be developed reasonably quickly – say within the next
five years. Hopefully, a company at this stage can catch the market in a good phase
to raise exploration and development funds. For producers, I like companies that
have long-life reserves such as Falconbridge that has ore deposits they are
developing as well as producing mines in the Sudbury Basin. That company has
ore deposits that will be in production 25 to 40 years from now.

RW: Do you use technical analysis to determine buy, hold and sell signals?

Spooner: I’m not a technician at all, but stock market dynamics are important
criteria. I like to sell stocks when there’s a lot of hoopla and enthusiasm associated with them. When a stock
charges upwards, usually on news or related to a change in the outlook for a commodity, there’s a tendency for it to
get overbought. A chart will quickly show me that the price has climbed too fast to be justified by the news – or a
flurry of investors has piled in – which creates an opportunity to sell. I can always buy it back when the enthusiasm
wanes – and it always does. Similarly, if the stock price has been languishing for months despite good news, then I
know it’s still okay to buy – I’ll be ahead of the pack.

Bartlett: I don’t use technical analysis. For myself, I just don’t find it particularly helpful. Quite often a stock will
run up and it looks like a breakout, and sometimes it is; however, it’s not unusual for the stock to suffer a
significant correction rather quickly. For stocks that do make a good upward move, I buy on corrections.

RW: Do you buy stocks when there is no real trend and they are trading quietly or do you wait for them to roar to
life and then jump in?

Spooner: I buy before there’s a real trend whenever humanly possible. If the underlying stock strength is based

on a large discovery and it’s not widely researched or understood, then it’s likely I can buy after a move and still do

well. In this case I have to compare the prospects with the valuation and make a judgement call.

Bartlett: Generally speaking, I like stocks where there is some kind of action because that indicates there is
investor interest. Other times one can wait for years when people don’t pay attention to a good quality stock. A
good time to buy is just before a company attains production.

valueman

RMX.TO and MAD.V, they drives me mad, I can't buy

Red Lake and Nevada passt.

Da fasse ich noch hinterher wenns besser ausschaut.

Miramar, ganz klar ! ;), bevor ich es vergesse MGR.V da hat Zihlman heute was geschrieben.
Mit GAM.TO zusammen ist ja wunderbar.

Cheers

XAX

Wer es exotisch und geopolitisch mag, dem empfehle ich Equador und Columbia, leider nur am Radar bei mir

ARU.V und ORV.TO

Die MAG.V ist gut gelaufen, siehe oben.
Viva Fortuna, die auch (FVI.V)
Silver Wheaton hat noch mehr Aktien von Bear Creek Mining gekauft.
Der Baer ist auch gut gelaufen.
Die SLW gehoert in jedes Depo, ich hoffe ihr habt genug davon.
Fuer den Preis z.Zt. immer noch ein Schnaeppchen.IMHO

Mfg

XAX

SLW hat jeder schlaue im Depo.

Anschaun kann man sie wenn man sie nicht kaufen will.

Was fuer den Radarschirm, nicht anderes.
Damit es nicht langweilig wird.

Alle voll investiert, ich auch !...leider

Gut dann brauche ich keine mehr vorstellen, schauts Euch die eigenen dann mal an.

XAX

SLW was bedeutet das ausgeschrieben?
ich bin nich voll investiert ich hab noch platz.

Aladin und EDEL MANN

Habe nahezu auch alle Gäule auf der Weide. Habe vor Kurzem bei AQP Teilgewinne mitgenommen und bin wenigstens noch ein bisschen flüssig. SLW hatte ich kurz und habe Sie dann mit nettem kleinen Gewinn wieder liquidiert, so wie PAAS.....ähnlich wie Aladin bei Miramar und WAR wobei der Einstiegszeitpunkt bei MAE excellent getroffen war. Mut wurde belohnt Das Geld aus meinen Verkäufen (PAAS und SLW) ist aber schon längst wieder reinvestiert.

Apropos Miramar habe eigentlich Liquidität für 3 Käufe (Je ein Drittel). MAE steht derzeit um die 1,4CAD rum. Wenn ich den Chart betrachte haben Sie bei 1,2CAD eine sehr starke Unterstützung die eigentlich immer gehalten hat (Einzige Ausnahme Mai Tsunami 2005). Weiter wie 1,2 CAD geht es bei MAE meiner Meinung nach nicht (nie) mehr runter. Das bedeutet ein max. Risk von höhstens 12% Was meint Ihr evtl. zu den derzeitigen Kursen nicht dritteln sondern alles rein?

nochmal zum mitschreiben für euch

das letzte low beim hui war bei 160 laut leerbuch geht es jetzt nochmal tiefer...

Da brauche ich nicht mitschreiben Goldy, fuer so an Schmarn ist die Tinte zu schade. Kauf dir ein Lehrbuch, kein Leerbuch was du hast,dort sind nur leere Sprueche drin.

Goldy

Das HUI Low 2005 war bei 160. Wie viele Lows darunter solls denn noch geben? Wir wissen es inzwischen....ich weis nicht warum Du immer wieder darauf rumreitest. Diese Untergagangsprognosen haben im diesem Thread nichts zu suchen. Schreib sowas in den Thai Guru Thread Goldpreis Gerüchte, etc....oder dahin wo diese Prognosen hingehören.
Ich habe hier eine Frage zu MAE gestellt = Junior aus Kanada
Ich wollte keine These zu der von Dir angenommenen Goldpreisentwicklung.
Schreib mir Du lieber auch mal was zu MAE...vielleicht hast Du ja Infos, Annahmen oder eine Meinung zu MAE....es wäre hier der richtige Platz dafür

Grüsse

Mist, die FVI.V und USGL.OB konnte ich nicht schnappen so schnell ging der Zug ab.
Nicht mal die MAD.V, bei der wars auch so.

C'est la vie , next time I get it right Cowboys.

XAX

Was willst schon machen wenn du keine Munition hast. ?
Zuschauen das ist alles. Man kann nicht alle haben !
Obwohl die gut in den Harem reingepasst haetten.

XAX

Sorry, falls ich FVI zu heftig angepriesen habe....

No sorry, ist ja nicht deine Schuld das die so rannte, da waren auch andere dahinter die den Braten gerochen haben.

Good luck

XAX