GoldMinerPulse.com -- Rubicon Minerals Corporation: (NI) 43-101 Metal Valuation Report

Rubicon Minerals Corporation (RMX)

Company Web Site: www.rubiconminerals.com
(NI) 43-101 reports from projects located in: Canada (CA)  |  Democratic Republic of the Congo (CD)
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-01-09. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-10.
External Links: Yahoo News and Quotes  |  MB  |  StockCharts  |  Stockhouse
More External Links: Knobias  |  SmartMoney  |  Canadian Insider Trading
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-10
Project/Deposit CC MVpSh PP% MI% I% Gold Copper Cobalt
    Kalukundi CD $6.49 0 45% 55%      72.20 K t     16.89 K t
    Phoenix Gold CA $0.37 0 0 100% 66.80 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-10
Metric / Metal Gold Copper Cobalt
    Metal Totals 66.80 K oz     72.20 K t     16.89 K t
    Metal Prices in US$ (from 2010-03-10) $1,107.10 per oz     $3.34750 per lb     $20.50000 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $0.37     $2.67     $3.82
    Percentage of Total Metal Value 5.40%     38.88%     55.72%
    PP% | MI% | I% 0 | 0 | 100%     0 | 43% | 57%     0 | 46% | 54%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-10
    Metal Value per Share (MVpSh)    US$6.86
    Average Ore Value per Tonne    US$430.79
    Metal Value Leverage (MVL)    1.58
    Market Capitalization as % of Metal Value    63.2%
    Recent Stock Price    C$4.45   (TSX/TSXV close on 2010-03-10.)
Conversion rate used: 1 Cnd$ = 0.974756 US$ )
    Fully Diluted Share Count    199.80 M    ( Fully diluted share count taken Share Structure page on company Web site (visited July 2009). )
    PP% | MI% | I%    0 | 42% | 58%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    6.221 g/t
    Market Capitalization
    per oz of Gold In Ground    $12,973.76   US$  |   13,309.75   C$
    Gold Eq Oz Estimate    1.24 M oz   ( 66.80 K oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $700.21   US$  |   718.34   C$

See terms for more about GoldMinerPulse metrics.
Additional Notes:
Phoenix Gold    -   Phoenix Gold Project Web page, viewed December 2008.
The Phoenix Gold project (formerly referred to as the McFinley Gold Property) is in the Red Lake gold district. 2008 drill results included 26.0 oz/ton gold over 6.6 feet (891.1 g/t gold over 2.0 metres) reported in an August 26, 2008 News Release.

A December 2008 Form 6-K filing reports:
Rubicon Intersects 91.91 oz/ton Gold Over 1.6 feet In New F2 Step-Out Drilling
And Announces 2009 Exploration Plans
-minimum 120,000 foot drill program planned for Phoenix project in 2009 including underground-
GoldMinerPulse is not aware of a date for the next (NI) 43-101 report update.
Other Exploration Projects    -   Alaska and Nevada (viewed December 2008).

GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Rubicon Minerals Corporation is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Copper	Cobalt
Kalukundi	CD	$6.49	0	45%	55%		72.20 K t	16.89 K t
Phoenix Gold	CA	$0.37	0	0	100%	66.80 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-10
Metric / Metal	Gold	Copper	Cobalt
Metal Totals	66.80 K oz	72.20 K t	16.89 K t
Metal Prices in US$ (from 2010-03-10)	$1,107.10 per oz	$3.34750 per lb	$20.50000 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$0.37	$2.67	$3.82
Percentage of Total Metal Value	5.40%	38.88%	55.72%
PP% \| MI% \| I%	0 \| 0 \| 100%	0 \| 43% \| 57%	0 \| 46% \| 54%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-10
Metal Value per Share (MVpSh)	US$6.86
Average Ore Value per Tonne	US$430.79
Metal Value Leverage (MVL)	1.58
Market Capitalization as % of Metal Value	63.2%
Recent Stock Price	C$4.45 (TSX/TSXV close on 2010-03-10.) Conversion rate used: 1 Cnd$ = 0.974756 US$ )
Fully Diluted Share Count	199.80 M ( Fully diluted share count taken Share Structure page on company Web site (visited July 2009). )
PP% \| MI% \| I%	0 \| 42% \| 58%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	6.221 g/t
Market Capitalization per oz of Gold In Ground	$12,973.76 US$ \| 13,309.75 C$
Gold Eq Oz Estimate	1.24 M oz ( 66.80 K oz are in ground)
Market Capitalization per oz of Gold Equilavent	$700.21 US$ \| 718.34 C$

See terms for more about GoldMinerPulse metrics.

Kalukundi - ^top^

(NI) 43-101 Report:

Title: KALUKUNDI PROJECT Technical Report Prepared by RSG Global on behalf of: Africo Resources Limited
Date: 2006-06 (151 pages)

Project Location: Katanga Province, Democratic Republic of the Congo

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured + Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Cobalt $1.76 7.77 K t 6,100.000 g/t 12.15 M t
Copper $1.14 30.81 K t 24,200.000 g/t 12.15 M t
Estimate notes: See Table 1.7_1 Kalukundi Project Resources Between Surface and 200 Metres Below Surface on p. 11 of 151 in the (NI) 43-101 dated June 2006.
Resource quantities adjusted for ownership percentage of 10.5%.
Based on a 1.5% copper-equivalent cutoff at a 12:1 copper to cobalt equivalence ratio.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Cobalt	$1.76	7.77 K t	6,100.000 g/t	12.15 M t
Copper	$1.14	30.81 K t	24,200.000 g/t	12.15 M t
Estimate notes: See Table 1.7_1 Kalukundi Project Resources Between Surface and 200 Metres Below Surface on p. 11 of 151 in the (NI) 43-101 dated June 2006. Resource quantities adjusted for ownership percentage of 10.5%. Based on a 1.5% copper-equivalent cutoff at a 12:1 copper to cobalt equivalence ratio.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Cobalt $2.06 9.13 K t 5,800.000 g/t 15.02 M t
Copper $1.53 41.38 K t 26,300.000 g/t 15.02 M t
Estimate notes: See Table 1.7_1 Kalukundi Project Resources Between Surface and 200 Metres Below Surface on p. 11 of 151 in the (NI) 43-101 dated June 2006.
Resource quantities adjusted for ownership percentage of 10.5%.
Based on a 1.5% copper-equivalent cutoff at a 12:1 copper to cobalt equivalence ratio.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Cobalt	$2.06	9.13 K t	5,800.000 g/t	15.02 M t
Copper	$1.53	41.38 K t	26,300.000 g/t	15.02 M t
Estimate notes: See Table 1.7_1 Kalukundi Project Resources Between Surface and 200 Metres Below Surface on p. 11 of 151 in the (NI) 43-101 dated June 2006. Resource quantities adjusted for ownership percentage of 10.5%. Based on a 1.5% copper-equivalent cutoff at a 12:1 copper to cobalt equivalence ratio.

Phoenix Gold - ^top^

(NI) 43-101 Report:

Title: EXPLORATION ACTIVITIES OF RUBICON MINERALS CORPORATION ON THE PHOENIX GOLD PROJECT, RED LAKE, ONTARIO FOR THE PERIOD January 2006 to October 2008
Date: 2009-01-09 (82 pages)

Project Location: Ontario, Canada / Mining Region: Red Lake greenstone belt

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.37 66.80 K oz 6.221 g/t 334.01 K t
Estimate notes: See Table 3 : Inferred Resources, McFinley Peninsula (Hogg. Oct 2002). on p. 16 of 91 in the (NI) 43-101 dated December 2005. This estimate was unchanged in the (NI) 43-101 report issued in January 2009.


PartyCasino is the online casino operated by PartyGaming Plc. PartyGaming Plc is listed on the London Stock Exchange and is part of the FTSE 250 in the Travel & Leisure sector.