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Date: Wed, 01 Feb 2006 15:39:19 -0800
From: "Antwan Jefferson" <sohiwythmb AT arsenal DOT co DOT uk>
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To: cygwin AT cygwin DOT com
Subject: wednesday rough diamond
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RESEARCH


Madison Explorations, Inc. (M D E X . P K; 0.36) S.T. Target 2.75

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There are those rare times when the decision to invst in a particular 
stck or industry is a no-brainer: homeland security in the wake of 9-11, 
gold in the fall of 2001, and China in early 2002, for example, to name a 
few prescient calls. The Canadian diamond industry and diamond explorer 
Madison Explorations present us with just such a unique opportunity.

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Madison Explorations: An Invstor's Best Friend:
The Northwest Territories has been the preferred target area for diamond 
explorers. Shore Gold's discovery of a 19.7 carat rock at its Star Diamond 
Project last year intensified exploration in Saskatchewan, the second most 
active exploration area in the Northwest Territories as measured by money 
inflows. Madison Explorations is the most active explorer in Southern Saskatchewan. 
That includes the De Beers-Kensington partnership. Madison's primary area 
of exploration is Scout Lake, which, according to the Saskatchewan Geological 
Survey, is one of the two most promising diamond areas in the province. 
That conclusion confirms the work of Dr. Joseph Montgomery, the director 
of five mining companies and Madision's lead diamond explorer. Dr. Montgomery 
has spent more than a decade surveying the area. He is a person of considerable 
expertise and is exceptionally well regarded in the metals and minerals 
discovery business. Dr. Montgomery has been involved in more than 300 
prosperous mineral explorations all over the world, including projects for 
Diamond Fields. Based on his ten years surveying Scout Lake, Dr. Montgomery 
believes it is one of the most promising diamond locations he's ever seen 
and that the area could be home to the largest diamond deposit in the province 
Madison is the only active explorer in Scout Lake, which, from a geological 
standpoint, has many of the same characteristics as Fort à la Corne, where 
Shore Gold made last year's spectacular discovery. Madison is currently 
exploring two other potential diamond properties in Southern Saskatchewan, 
Bulls-eye and Bronco. The results of early indicator studies at both properties
have been very favorable.Winspear, Dia-Met, and Aber each partnered with a 
more senior diamond producer. Madison is currently the only active explorer 
in one of the most potentially diamond-rich regions within a national industry 
that is experiencing dazzling growth and whose full potential is only 
just now being tapped. We would not be surprised to see Madison follow 
the trend and partner up with a De Beers, for instance. In the meantime, 
look for additional diamond property acquisitions and discoveries by 
this aggressive upstart - and for substantial share price appreciation 
over the mid- to long-term.

Shres trade in New York under the ticker symbol MDEX. Current price per share 
is just 0.36 cents, nearly 300% above its September low. Opportunities as 
clear and sparkling as this one come along rarely. 

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