Rubicon Minerals Corporation is a well-funded exploration and development company, focusing on exploring for gold in politically safe jurisdictions with high geological potential. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario 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. In addition to its Red Lake holdings, Rubicon controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada. With an exceptional technical team, outstanding assets, a focus on gold camps in politically safe environments and a high profile in the capital markets, Rubicon Minerals has gained the reputation as a leading junior exploration company. Rob McEwen, President and CEO of McEwen Capital and former Chairman and CEO of Goldcorp, owns 25% of the issued shares of the company.

Click here to view chart of RMX setting new highs and breaking out.

Watch a Tiger Financial News Video interview with President/CEO David Adamson at the BMO Metals Conference.

"Gold is making another run at $1,000, silver is up even more in percentage terms, and the financial markets are showering the established miners with cash. At the other end of the size spectrum, dozens of junior miners that a year ago were running out of cash and contemplating the end of their dreams are suddenly able to raise enough capital to keep exploring and producing. . .Rubicon Minerals recently announced 'a new deep intercept of lower-grade gold mineralization at a depth of 4,715 feet (1437 meters) below surface, some 1,050 feet (320 meters) deeper than the previous deepest intercept. The new intercept suggests high potential for additional gold mineralization to depth.'"
    -   GoldSeek, John Rubino (06/11/09)

"RMX has continued to set new all-time highs. However, we are not prepared to back away from the stock, and are raising our target price from $2.78 to $4.00. In our opinion, there is a very good probability that the F2 Zone is materially larger than 1.5 million ounces we initially calculated.

Based on drilling to date and a strike length of 370 meters, we estimate that the F2 Zone has resource potential (diluted to 2.0 meters and high grades cut to 311 g/t) of approximately ~3.0 million ounces. . .In our opinion, the summer drill campaign (just started) will in all probability establish that the F2 Zone is in fact twice the size that what we previously estimated.

Currently, RMX is undertaking a 50,000-meter drilling program on the F2 Zone, and we fully believe that additional good drill results will be forthcoming."
    -BARRY ALLAN,   RESEARCH CAPITAL (06/08/09)

• High-grade gold exploration in Red Lake camp.Historic production of over 24 million oz from this active mining camp offers good upside for the Phoenix Project.


• Cashed up for underground exploration.Improved drilling access is key to properly test and evaluate 1,500 metres of nearly vertical mineralization.


• Potential corporate takeout always a possibility.The $1.5 billion acquisition of Gold Eagle last fall highlights the shortage of well-located, advanced projects.


• Ontario mining camp valuations US$100-$200/oz.

"RMX, at a pre-resource stage, has made a significant new high-grade gold discovery, which BMO Research estimates has achieved 1.5Moz of gold potential.

Given existing infrastructure, RMX is well placed to fast track production to a potential 100koz per annum at lower quartile cash costs.

At the discovery stage, RMX's premium valuation is not unrealistic, with near-term news flow critical in assessing upside to BMO's valuation.

RMX is trading at 2.2x the 10% nominal NPV of US$0.90/share, using the BMO metal price forecast, and 1.6x the 10% nominal NPV using a spot gold price of $957/oz. A premium valuation to BMO Research's NPV reflects the discovery stage and high-grade potential of the Phoenix project.

BMO Research rates RMX Market Perform (Speculative)."
    -ANDREW KAIP,   BMO CAPITAL MARKETS (05/28/09)

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