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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a weak 64-107-139 as the TSX Venture Exchange lost six points to 949. Jason Jessup's Magna Mining Inc. (NICU) rose six cents to $2.20 on 1.73 million shares today as the company readies for its debut on the TSX tomorrow. Magna is in hot pursuit of nickel, copper and cobalt -- and perhaps precious metals -- in the Sudbury district of Northern Ontario. So far, it has found enough encouragement to make the journey to Canada's premier board.

There is always a lot of movement on the trans-exchange highway, but nearly all of it is outbound, much like one might see on the Pontchartrain expressway as a major hurricane bears down on New Orleans. And so, Mr. Jessup, Magna's chief executive officer, was giddy with glee: He called the upgrade an important achievement for Magna, one that "reflects the significant progress we have made in building a new, Sudbury-focused Canadian mining company." The new listing should "enhance Magna's profile within the investment community, improve trading liquidity and provide greater access to a broader range of investors," he gushed.

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