MAG. TSX - - -BUY

· 48 million shares outstanding

· 51 million fully diluted

· Cash $62 million

Mag Silver has apparently been hit by a fund getting squeezed in a margin call.

This is the best new silver discovery in the past decade. They own 44% of the Valdecanas vein which contains a total inferre resource of 237 million ounces silver (7.3 million tonnes grading 1,011 grams per tonne silver, 2.06 grams per tonne gold, 2.3% lead and 4% zinc).