When a stock trading under $1.00 has the potential to zoom to $51, you MUST pay attention.
GoldCorp sure is.
By James Rapholz
SPECIAL REPORT
One of America's largest Gold producers - NYSE listed titan GoldCorp paid $8.6 billion quietly for a mine right next door to American Sierra Gold's (AMNP) major undiscovered gold exploration property that looks to be...
 Fast-Acting Investor Summary:
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THE GOLD SURPRISE THAT OPENED THE FLOOD GATES: A scant 10 miles away from American Sierra's project sits a mine that entered production in 2004, expecting 170,000 ounces of gold in 2005.
Then came the surprise that grabbed the attention of GoldCorp. 10X
As of December 31, 2005, the mine has proven and probable gold reserves in excess of 1,673,000 ounces.
That's 10 times more gold than experts first believed were there.
About a year later, by November 2006, Glamis Gold was acquired by gold mining giant Goldcorp for a whopping $8.6 billion.Sounds like a lot of money -- until you learn that this acquisition is producing 200,000 ounces of gold a year, roughly equal to $200 million in annual revenue at today's gold price. But gold is going up... to $1,500 by year's end... to $3,000 during 2010... then, as many predict, up to $5,000 an ounce in the next few years. My point is: That singular example of what's going on now in the Sierra Madre gives you a glimpse at the awesome moneymaking potential American Sierra Gold presents us right now. |
Heavy hitters buying gold and loading up on AMNP shares. |
Most investors who buy gold do so to hedge against disaster, and with Washington printing bailout dollars like there's no tomorrow, investor attention is once again turning to gold.
But this time it's different.
This time, gold buying is spreading way beyond the ranks of hardcore gold bugs
Now, big heavy hitting investors are piling up gold like there's no tomorrow.
- Peter Monk, chairman of $31.56 billion Barrick Gold, reveals, "I have had more phone calls in the past six months, from people who have $120,000 inherited from grandmother, and from hedge fund managers with millions."
- John Paulson, the investor who made billions by pegging the housing bust and credit crisis, just shelled out $1.3 billion for an 11% piece of AngloGold... adding to his gold position (he also has a big stake in Kinross Gold.
- Hedge fund manager David Einhorn, the man who predicted Lehman Bros' collapse, just bought gold for the first time.
Citibank analysts John Hill and Graham Wark see gold at $1,000 an ounce by year's end, then, they say, gold looks to "double to triple in the long term."
Adam Hamilton of Zeal Intelligence sees gold soaring to $5,000 an ounce and more in the next 5 to 7 years.
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| I see American Sierra Gold (AMNP) as your best gold play of the century | ||
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The company is operating in North America's famous Sierra Madre, the very same region where multiple million-ounce gold discoveries have made adventurous men wealthy beyond comprehension.
Then the mines stopped producing. With no meaningful advance in extraction technology, the mines were thought to be exhausted and, as a result, have been ignored for nearly a century.
Now advanced 21st technology is proving previous mining here only scratched the surface -- TONS OF GOLD AND SILVER REMAIN and the big boys know this.
American Sierra Gold now has 28,880 glittering hectares in what could be the most prolific section of the massive gold vein running nearly 300 miles long.
And the stock is now selling for less than a buck! Buy AMNP today and then get ready for blowout profits -- because it looks like the company is ripe for a takeover.
Hot with 10 TIMES THE GOLD originally expected |
American Sierra Gold has a favorable 90% interest in 11 concessions covering 28,880 hectares (71,333 acres)smack dab on the famous American gold belt.
This property covers and surrounds 10 mineralized areas that are producing gold and silver.
Bonanza-grade gold and silver |
American Sierra's land holdings are referred to as their Urique Project, which itself has multiple projects in both the north and south regions.
The Urique Project South: Initial sampling yielded local bonanza-grade gold and silver values. The highlight of the findings shows that there are 86 grams of gold per ton of rock, and 8,290 grams of silver per ton.
The Urique Project North: Exploration has been so successful here that American Sierra's prime target is already advanced to the drill-ready stage.
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The time to buy American Sierra Gold (AMNP) is today. The sooner you get this small cap into your portfolio the better... because this small cap is bound for glory in the coming weeks. |
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| The new gold bubble is COMING | ||
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Records show an ounce of gold costs $19.39... in the year 1793. Gold did not break $20.00 until 41 years later, in 1834, when gold went to $20.69 an ounce.
And the price was stable... so stable it didn't budge past $20.67 for the next 99 years, when gold went to $32.32 in 1933. It was only in 1972, another recession-plagued period in our history, that gold made large leaps in price... from $63.84 in 1972 to $106.48 in 1973. In 2000, gold was up to $279.11 an ounce. By 2004, the price shot up to $409.72. And last year, 2008, ended with gold commanding $871.96 an ounce.
Gold at $5,000 an ounce could be just a few years away. And if Washington keeps printing dollar bills like there's no tomorrow, we could top $5,000 an ounce even sooner. Forward-looking investors are taking their positions right now as you read this report. I don't want you to miss out. That's why I recommend you buy AMNP today. You can amass a substantial number of shares for a modest sum. For instance, AMNP's share price is grossly undervalued at under $1.00 today. When AMNP suddenly pops to $3.00, which I believe it will before year's end, your $5,000 could easily turn into $15,000 or more. |
But I see AMNP flying over a buck in the coming weeks, not months. By the end of the year, don't be surprised to see this stock selling for over $3.00.
And longer term? Well, should gold reach its predicted $5,000 per ounce price tag, the sky's the limit. No, check that. AMNP could soar beyond the clouds and into completely rarified air occupied only by the likes of fortunate small caps that have exploded into the ranks of mid-caps and large-caps. |
And that brings us right back to GoldCorp and its deep pockets.
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As it is now, Wall Street is not even following American Sierra Gold. But GoldCorp is. And GoldCorp would just as soon keep American Sierra secret. I, on the other hand, want my readers in on this secret so we can capture the kinds of profits that would make Midas happy.
Buy AMNP today!
Chances are you would not have found American Sierra Gold on your own. And if I may brag a bit, I've been bringing readers blockbusters on a consistent basis through my newsletter, Economic Advice.
The last stock i felt so strong about could've easily returned early investors 3-4 times their money.
I'd like you to join us. Revealing to you details on American Sierra Gold is my way of showing off to you my stock-picking talents that have enriched readers with...
- 6,100% gain with Crown Resources
- 237% gain with Megellan Petroleum
- 349% gain with Kinross Gold
- 737% gain with Lumina Cooper
- 502% gain with Great Basin Gold
- 1,337% gain with Yamana Resources
- 1,610% gain with Zimbabwe Platium
Now American Sierra Gold is about to take its place on my list of breakthrough blockbusters.
And now it's your turn to get in on all the fun.Buy AMNP today.
If you're interested in a market letter that specializes in precious metals and energy, please visit: http://www.economicadviceinc.com
James Rapholz
Editor, Ecomonic Advice
