Charles Oliver, HBSc CFA Magellan Minerals MNM-X TOP PICK Jul 29, 2010

This is gold exploration so should be part of a diversified portfolio. Deposit they have looks very interesting, quite large and only 15 km away from the Brazauro properties in Brazil. Also have property in Coringa, which has 300,000 ounces.

Charles Oliver, HBSc CFA

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$0.820

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(A Top Pick July 29/10. Up 26.83%.)

COMMENT

Still believes there is a lot of gold on their Brazilian property. Unfortunately, like most junior exploration companies, there is no love in the sector, so cash is tough to come by and the stock has been absolutely annihilated. Doesn’t see any catalyst right now.

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Charles Oliver, HBSc CFA Magellan Minerals MNM-X TOP PICK Jul 29, 2010

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