Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : The Metals Thread -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (43)	3/14/2007 5:26:40 PM
From: LoneClone	Respond to of 252

Ivernia's Magellan Metals Message to the Community of Esperance and Port Employees Wed Mar 14, 6:00 AM ca.news.finance.yahoo.com TORONTO, ONTARIO--(CCNMatthews - March 14, 2007) - Ivernia Inc.'s (TSX: IVW.TO) wholly-owned subsidiary, Magellan Metals, today issued the following media release in Perth, Australia: March 14, 2007 - Magellan Metals wishes to reassure the community of Esperance and port employees that it shares the objective of the Esperance Port Authority to ensure that lead concentrate shipments through the port pose no threat to the health of the community and port employees. Magellan, together with the Esperance Port Authority, supports the work of the Departments of Environment and Conservation, Agriculture and Food and Health to identify the source of the lead and how the birds are getting it into their systems. We will continue to work closely with the Port Authority and have made available the services of leading environmental expert, ENESAR, to assist in the review of all the port's lead handling operations. It is reassuring that the Department of Health, in its monitoring of the DEC investigations into the bird fatalities, has not seen any evidence to suggest the general population has been exposed to a health risk. Contacts Patrick Scott Magellan Metals Pty Ltd. Managing Director Mobile 0438 799 622 or (08) 9267 7000 (TEL) (08) 9267 7070 (FAX) Email: info@magmetals.com Sharon Loung Ivernia Inc. Director, Investor Relations (416) 365-2783 (416) 867-9384 (FAX) Email: investor@ivernia.ca Website: www.ivernia.com

To: LoneClone who wrote (43)	3/15/2007 11:04:15 AM
From: HotnSpicy	Read Replies (1) \| Respond to of 252

TAM is NOT "primarily lead". R-190 is 1MM tonnes of 12.1% zn/6.2% lead, or nearly ~1 oz per tonne gold equivalent. If that were a gold mine, it would be considered "bonanza" grade. In fact, R-190 is better as it will be mined using mechanized bulk tonnage methods unlike most underground vein style bonanza grade Au mines... R-190 is just one of 35 deposits containing 71MM tonnes. Soon to be released feasibility will knock people's socks off. They could hedge their entire production at R-190 and still throw off over $3/sh in cash flow after paying off their debt to build the mine. Pretty astonishing for a company selling at ~$0.50 today. The only thing is that Feasibility has yet to be announced, so 99% of the people don't see a reason to buy. But they soon will.