(TORONTO: RMX):
FOLLOW-UP NO 5 / APRIL 15, 2009
Rubicon Home Page
Chart 5 Years
RUBICON MINERALS CORP.: RETURN
ON CAD 10,000 INVESTMENT
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Purchase Date
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No. of Shares
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Purchase Price
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Cost (CAD)
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Price Today
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Value Today
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October 22, 2004
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7'200
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1.40
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10'080.00
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September 14, 2005
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12'500
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0.80
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10'000.00
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Total
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19'700
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1.01
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20'080.00
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1.95
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38'415.00
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Profit
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|
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18'335.00
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Profit (in %)
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93%
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SHARES OUTSTANDING / FULLY DILUTED
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MARKET CAP
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181.4 M / 199.2 MM
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CAD 342.8 Million
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52 WEEK LOW / HIGH
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TSX
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CAD 0.90 to 2.14
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317,100 (200-day)
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RECOMMENDATION
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RISK RATING
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BUY
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HIGH
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A LEADING EXPLORATION COMPANY IN
THE PROLIFIC RED LAKE GOLD CAMP IN ONTARIO
Business Summary
Rubicon Minerals Corporation is
a well-funded, top tier, gold exploration company deriving its strength from
a hands-on management team with a track record of discovery.
Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon's
flagship property is the 100%-controlled Phoenix Gold Project, located in the
heart of this producing camp.
Through a transaction completed
in May, 2007 with former Goldcorp
Inc. Chairman and CEO, Rob McEwen, Rubicon acquired 380,800 acres of prospective exploration ground in Alaska in the area of the 5.6 million
ounce Pogo deposit as well as a 225,000 acre land package in northeast Nevada.
WHY RED LAKE?
- Home to the richest gold
deposit in the world operated by Goldcorp Inc.
- Gold belt has >22M oz of
past production and is 50 years 'younger' in terms of exploration and
development than the major Timmins and Kirkland Lake gold camps, Canada
- The Red Lake camp has an average grade of 0.42 oz/ton gold
- New major gold targets
being identified by companies and government surveys
- With 65,000 acres, Rubicon has a major position in the Red Lake gold camp
- Proactive and stable mining
jurisdiction
The Red Lake Footprint
- 4.6M oz at an average grade
of 2.35 oz/ton gold at Goldcorp's High Grade Zone (source: Goldcorp
website)
- The Red Lake and Campbell mines combined past production, current reserves and resources total more
than 23M oz at 0.65 oz/ton gold
Few, if any, gold belts in the
world can compete with these grades. Rubicon is uniquely positioned among
junior explorers in the market place with an advanced 100% controlled project
(Phoenix Gold Project) and large camp land
holdings under option to Agnico-Eagle Mines Ltd., Solitaire Minerals Corp.
and Redstar Gold Corp. Armed with a significant treasury, Rubicon plans $11
million of drill focused programs in Red Lake in 2008.
Phoenix Gold Project
100% RUBICON MINERALS CONTROLLED
IN THE HEART OF THE RED LAKE, ONTARIO GOLD DISTRICT
Location
- Acquired in 2002, prior to
which the property was in receivership
- Project was unexplored during
Red Lake's "renaissance" -- the High Grade Gold Discovery in
1995-2000
- Rubicon Minerals acquired
property in a competitive bidding environment
- Historical inferred
resource of 334,007 tons at 0.20 oz/ton gold, to a depth of 120 metres. (see Technical Report 43-101 dated May 12, 2003)
FOUR KILOMETRES OF PROSPECTIVE
GEOLOGY
- Documented Red Lake gold type deposit environment. Historically, very little of the four kilometre
prospective ground had been explored
- Rubicon has systematically
developed a geological and structural model of the Phoenix Gold Project
to best target new areas
NEAR SURFACE GOLD ZONES
DISCOVERED
- Phoenix Zone discovered 1.1 kilometres north of previous work
- 67 drill intercepts form
the zone average 10.66 g/t gold over 2.00 metres
- Zone is open to depth and
along strike
- New near surface gold zones
discovered in 2007, including the North Peninsula Target, the KZ Target
and the West Mine Target
FIRST TEST OF SUB 350 METRES DISCOVERS GOLD
- First ever test of moderate
depths (below 350 metres) identifies gold system present to depth
- Gold documented in hole
DF-07-01 at 1200 metres -- more than 2 times the height of the CN Tower
- Major gold deposits in camp
extend to 3,000 metres
ACTIVE EXPLORATION PROGRAM PLAN
FOR 2009
- More than 2 million ounces
of gold has been produced from this trend of prospective rocks
ALASKA: RUBICON HOLDS THE LARGEST LAND
POSITION IN ALASKA - 380,800 ACRES
- Proven "elephant" country
- Pro-development government
- Control of emerging district
- History says Pogo is not
unique
- 2006 work identifies targets
- Minimum ~$1.5 MM in 2008,
includes drilling
Nevada: RUBICON HOLDS ONE OF NEVADA'S LARGEST LAND POSITIONS, CONTROLLING 225,000 ACRES
- Extensive property package
- Southern Snake Mountains -- Carlin Model
- Long Canyon is the target
environment
- Look at synergies in region
Recent News: Rubicon Announces
$25 million Expanded 12 Month Drill Program F2 Gold Zone, Phoenix Gold
Project, Red Lake Ontario -80,000 metre (262,000 foot) program will test an area six times that of the current F2 Core Zone -
Rubicon Minerals Corporation
announce that its Board of Directors have approved an expanded exploration
program, to include a minimum of 80,000 metres (262,000 feet) of Diamond drilling at its flagship Phoenix Gold Project, located in the
heart of the prolific Red Lake Gold District. The 12-month, accelerated and
expanded program has been designed in response to continuing excellent gold
intercepts from the F2 Gold Zone to test the extent of the gold system well
beyond the core area drilled to date (see news releases from March 12, 2008,
onwards for drill results).
"The F2 Gold Zone is a
significant discovery and our recent results indicate both that high-grade
gold intercepts extend well beyond our core area of drilling and that the
limits of the gold system are yet to be defined.
With our strong treasury, we are
able to fast track our program through the advantage of drilling from
underground.
Our goal is to demonstrate the
significant size potential of this high-grade gold system. Our aggressive 12
month program will rank as one of the most drill-intensive programs in the
marketplace and will provide a steady stream of results throughout"
stated David Adamson, President and CEO.
Fundamental Considerations
Rubicon's strength is its
hands-on management team that has acquired an outstanding portfolio of
quality gold projects in North America.
David Adamson (President) and
Matthew Wunder (VP-Exploration) have a proven discovery track record in the
mineral exploration industry.
Management has demonstrated its
abilities to identify world-class settings by attracting major mining
companies such as Goldcorp, Agnico-Eagle and AngloGold as a Joint Venture
partners in the Red Lake gold district, and IAMGold, Meridian, Placer Dome
and Billiton Plc, the world's fifth largest mining company.
Rubicon is well financed
Rubicon's experienced and
capable technical management group focuses 100% of its efforts on maximizing
shareholder value through the acquisition, exploration and responsible
development of gold projects.
Technical Considerations
Disclosure:
The author has not been paid to
write this article, nor has he received any other inducement to do so.
Disclaimer:
The author's objective in
writing this article is to invoke an interest on the part of potential
investors in this stock to the point where they are encouraged to conduct
their own further diligent research. Neither the information nor the opinions
expressed should be construed as a solicitation to buy or sell this stock.
Investors are recommended to
obtain the advice of a qualified investment advisor before entering into any
transactions in the stock or use their own brains.
In our opinion, the best
approach is to buy a diversified portfolio of stocks like THE TIMELESS
PRECIOUS METAL FUND or THE SIERRA MADRE GOLD & SILVER VENTURE FUND
instead of shares of only a small number of companies.
Peter Zihlmann
The
Timeless Precious Metal Fund
Peter Zihlman is an independant
Swiss asset manager, who manages the Timeless Precious Metal Fund and the
Sierra Madre Gold and Silver Venture Fund.
Disclaimer: P. ZIHLMANN
INVESTMENT MANAGEMENT AG does not accept any liability for any loss or damage
whatsoever, that may directly or indirectly result from any advice, opinion,
information, representation or omission, whether negligent or otherwise,
contained in the trading recommendations or in any accompanying chart
analyses, whether communicated by word, or message, typed or spoken by any of
its employees.
Information contained herein is
obtained from sources believed to be reliable, but its accuracy cannot be
guaranteed. It is not intended to constitute individual investment advice and
is not designed to meet your personal financial situation. The opinions
expressed herein are those of the author and are subject to change without
notice. The information herein may become outdated and there is no obligation
to update any such information. The author, 24hGold, entities in which they
have an interest, family and associates may from time to time have positions
in the securities or commodities discussed. No part of this publication can
be reproduced without the written consent of the author.
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