Magellan Minerals Ltd MAGNF

RESEARCH

[funway4106]

I recently purchased shares and been doing some research on this one.So far I like

what I see but of course I bought in at 25 cents.Some things I like are 2 million ounces and

growing,6 million in cash no dilution,feasability study due out this year,mining friendly country,

getting along with locals coiou district which could be huge doing more research on this area,

down the road from Belo Sun,cheap source of power coming,institutions 45% of float insiders 11%

some majors with minor shares but one that invested in royalty interest.

What I see is like all other gold stocks this explorer is getting punished I have several in my portfolio

I like this one I'll be watching it very closely.

Regards Funway

[SN3165]

Yup, I was in a month ago at .20 and thought we had seen the bottom. Looks like it now. by the way I think they have more cash than you stated, as they recently completed a financing with Sandstorm Gold for $7.5 mill cash and $.50 in common shares (They sold a NSR). Cashed up with little downside!

[funway4106]

According to there website June presentation ,as of May 2012 they have 6 million cash. Regards Funway