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Gold/Mining/Energy : Rubicon Minerals

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To: IngotWeTrust who wrote (43)	5/9/2002 8:29:58 AM
From: Enigma	Read Replies (1) of 470

IR is in the hands of John Cavalluzo - who performed the same function so well for Pangea. John works out of his basement in Toronto - the others are in Vancouver. I too was a little bit concerned about the references to VG - but I understand that the Red Lake camp is famous for its 'nuggett' occurences, so this is why it is so significant. The company feels that it has a new high grade discovery in the making at McQuaig on strike with the mines in the area. The Anglo drilling (j/v with RMX) is to the West of McQuaig - it will be interesting to see if they spot some holes near the McQuaig boundary. There was a false rumour said to be coming from Cannacord to the effect that there would be no more drilling on McQuaig until the winter - but the drilling will resume later in the summer when they have had a chance to define the target better. McFinley is a next stage. This was a plum where Rubicon managed to outbid the competition There was a series of presentations to institutions in Toronto and Montreal the week before last and I think the stock is being accumulated in this quiet period - there were a couple of large blocks traded a few days back. Peace?

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