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Friday, May 20, 2011

Larry Reaugh on the Gold Rally and the precious vs base metals

Big Al interviews today Larry W. Reaugh, President and C.E.O. of American Manganese and Goldrea Resources President and CEO , Larry Reaugh talks about today's stunning gold rally and the benefits of owning physical gold and silver.Larry discusses the fundamental view on metal markets and the difference between the base metals and the precious metals

Mr. Reaugh has forty-seven years' experience in the mining industry and for the past thirty years he has been the CEO & President of several exploration, development and producing mining companies listed on the TSX, TSX Venture and NSDAQ exchanges. Several of his companies have made significant discoveries, three of which (gold) went on to be producing mines. Through his career Mr. Reaugh has raised in excess of $250 million for junior resource mining companies. Currently he is the CEO of three public companies which fall under the aegis of The Reaugh Group: American Manganese Inc., Goldrea Resources Inc., and Molycor Gold Corp.With its recent name change from Roche Deboule Minerals, American Manganese Inc. now clearly states the business in which it expects to truly make its name. Manganese is another one of those metals that most people may have heard about but probably couldnt distinguish from magnesium, much less care about what its used for. Without manganese, however, not much could be built or made in the modern world, and thats the opportunity which makes American Manganese (AMY) such an interesting investment story. Sitting on over $10 billion lbs. worth of indicated and inferred manganese currently trading at $1.31/lb. in Arizona gives the company the largest known low grade deposit of manganese in the Unites States, according to the US Bureau of Mines, and the largest potential source of the metal outside of China. We spoke with Larry Reaugh, AMYs president, to get the big picture on how his company could play a very important role in reestablishing domestic production of this key metal which the US now has to rely on foreign sources for its supply.

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