Berta and Eodway,

Great article on silver and China's moves in precious metals...

And because so many of us here own silver stocks, I thought I would post a presentation that Eodway had put up on the MAG board this morning...

The Wall Street Analyst Forum Call Transcript

November 19, 2008, 10:30 am ET

Executives

Helen Baud – Host, The Wall Street Analyst Forum

Pete Megaw – Co-Founder and Director

Presentation

Helen Baud

Good morning, ladies and gentlemen. My name is Helen Baud with the Wall Street Analyst Forum and I’m your host in this room for today. At this time I would ask anyone with any cell phone, pagers, or other handheld devices to please either turn them off or to the silent position so as to disturb the presentations. Next company presenting today is MAG Silver Corporation.

MAG is a leading exploration company working the Mexican Silver Belt. The high-grade discoveries in Juanicipio property are helping transform the Fresnillo Trend, the world’s oldest and most prolific silver district. Work with partner Fresnillo plc, 56%, is defining a world-class mineral resource, key to the next generation production by the world’s largest silver miner.

MAG also wholly owns over 100 square miles of protected grounds [ph] around Mexico, including the second largest free-holding in the Fresnillo Trend as well as the Cinco de Mayo CRD property in Chihuahua Trough where early drill results indicated significant new silver/lead/zinc discovery in the making. Presenting for us today for MAG Silver is Pete Megaw who is the Co-Founder.

Pete Megaw

Thank you, and good morning. It’s a pleasure as always to be able to tell the MAG story. As always, I have to start off with the fine print, the Safe Harbor forward-looking statements disclaimer. MAG Silver is exploring for silver in Mexico. Mexico is the finest and highest grade feature real estate in the world for silver. Over 25% of all the silver ever produced in human history has come from Mexico.

MAG Silver uses modern geologic models and science to drive district scale exploration for high-grade mineralization. That’s especially important in today’s environment, because with a significant discovery, the kind of thing we are looking for has the grade to get you through times when metal prices are low as we are seeing now and it has the size to carry you through several market cycles. So what we look for is something that will make several market cycles at whatever the lowest imaginable silver price would happen to be, those are the kinds of things we are looking for. And very fortunately, that’s what we have managed to find.

The Valdecañas Vein, which is in joint venture with Fresnillo plc, the world’s largest silver producer, has been shown to have an inferred resource of 238 million ounces of silver. MAG’s share of that is 104 million ounces. And that has had a grade of over a kilogram, over 30 ounces per ton silver. We also have a significant silver/lead/zinc discovery at Cinco de Mayo. We’ve had exploration success at Batopilas. And we are currently drilling at our Lagartos Southeast and Lorena projects. Ours is a land package assembled over a 15-year period, largely during times when people didn’t want the properties. We were able to acquire these properties at very low cost. Therefore our holding costs are very low, with one exception all of our properties are held outright by MAG. So our exploration is driven by result. It’s not driven by the deals that we have on our properties.

Aitakahashi had pointed me in the direction of some silver companies...and I think MAG/MVG is a better silver play than most!

I also own shares in Golden Tag (GOG) which is another silver play in Mexico that are finding great results too!

Best Regards,

Long for Cash