(Buy Shares in Gold American Mining Corp.
(OTCBB: SILA) Now Below $1, Before Its Needy
Neighbor Offers $104 Or More a Share!
Dear ADVFN User: There's a party, a really big party getting started. . .your contribution is a cake. . .but you suddenly discover you're out of flour. What do you do? You run next door, because you know your neighbor is home, likes to bake, and just made a trip to the supermarket. Problem solved. Now, what if you're the world's 3rd biggest producer of gold... the gold-price party is heating up fast... and just as $2,000-an-ounce gold is about to knock at the door... you discover your most productive Mexico gold mine is flat out of gold? What do you do? You go next door. Because you know your neighbor has a huge, un-tapped gold reserve. Only, unlike the friendly next-door neighbor who happily offers a cup of flour, the neighbor with the gold says he wants the same deal you made recently with someone else. He wants $104 for each share of his stock!
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Investment - Expert
& Mining Guru
John MyersHis last mining pick gained 260% in just 7 weeks
| Gold American Mining (OTCBB:SILA) |
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 That's what I think could happen between Goldcorp (NYSE:GG), the world's 3rd largest gold producer and Gold American Mining Corp. (OTCBB:SILA)The party that's just getting started is the gold market. Goldcorp's founder, Rob McEwen recently said on national TV that he believes gold is ultimately headed for $5,000 an ounce, and that it will hit $2,000 an ounce by the end of 2010! That should make Goldcorp very happy, right? Well, it would except for one thing. Its El Sauzal gold mine, the largest producer in Mexico with a recent peak production of over 300,000 ounces a year is running out of gold. Gold production for the second quarter of 2009 is down 22%, or 14,600 ounces, from the second quarter of 2008. Goldcorp's El Sauzal gold mine is nearing the end of its very profitable run. Meanwhile, its near by neighbor, a tough little company by the name of Gold American Mining Corp (OTCBB:SILA) is estimated to be sitting on as much as $5.8 billion worth of gold and silver on its undeveloped properties. To me, it's obvious that Goldcorp (NYSE:GG)should make a move for Gold American. The folks at Gold American Mining know this too, and you better believe they're going to play hardball on a takeover price!
 | Tick... Tick... Tick... Here Are 5 Reasons
Why Goldcorp May Be Forced SOON to
Offer $104 For Each Under-$1 Share of
Gold American Mining Corp. (OTCBB: SILA) |
 | For starters, with a market cap of some $28.6 billion and a share price of over $40, Goldcorp must maintain production. Any reduction in the amount of gold it brings to market could send its stock plunging. And the pressure to deliver will be increased as gold climbs steadily toward $2,000 an ounce! |
 | Gold American knows that back when gold was trading at $550 an ounce, Goldcorp bought the adjacent El Sauzal mine from its previous owner, Glamis, for $9.5 billion, or $54 per share of Glamis stock. At the current, higher price of gold, the equivalent price tag for Gold American leases could work out to $104 a share. And Gold American holds all the cards. |
 | Gold American may soon announce new assay results that could double the estimated amount of recoverable gold in its reserves. I think Goldcorp should pull the trigger now, before the new numbers are officially released. |
 | Gold American just announced they will develop a project in the historic gold-rich district of Nevada reported to contain a total inferred resource of 2,399,000 ounces of gold. Goldcorp will want to do the deal before SILA is able to confirm how much of that gold is actually in the proven and probable category. |
 | The price of gold is headed much higher. Experts predict $2,000 an ounce by the end of 2010. The longer Goldcorp waits to make Gold American an offer on its properties, the more they're likely to have to pay. More on that in a moment. |
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If my instincts are right, $10,000 invested
in SILA now could explode to $1,040,000! |
Gold American Mining Corp is trading now at under $1. Let's say that before Goldcorp makes a move, you are able to buy 10,000 shares at, call it an even dollar. If Goldcorp ends up paying Gold American what it paid per ounce of gold for the El Sauzal mine, your $10,000 investment could suddenly be worth $1,040,000! Am I being overly optimistic? I don't think so. But whether or not Goldcorp steps to the plate soon, Gold American Mining (OTCBB:SILA) has everything going for it. Even without an imminent takeover maneuver, I expect to see this under-$1 stock-trading at $5 in the next 6-12 months. And if Goldcorp makes a move, all bets are off! That's why I'm recommending shares of Gold American Mining Corp. (OTCBB:SILA) now while they're still trading below $1! I smell a takeover! And if Goldcorp matches what it paid for American Sierra's Mexican neighbor, SILA stock could leap to $104 a share!
My name is John Myers and I grew up in the world of mining and energy investing — it's in my blood. My father was the famous C.V. Myers, one of the original "gold bugs" and an expert in natural resources. I was buying gold stocks at an age when most kids are still collecting baseball cards. Over the years, I've helped subscribers to my newsletter services, John Myers' Resource Trader Alert, Outstanding Investments, Myers' Finance & Energy and Myers' Secret Stocks, stash away profits like these:
• DRDGOLD +937% in 25mos
• Metallica Resources +668% in 11mos
• Coeur d' Alene Mines +344% in 26 mos
• Glamis/Franciso Gold +332% in 18 mos | • Wheaton River Minerals +162% in 17mos
• Intrepid Minerals +162% in 17mos
• PetroChina +142% in 22mos
• Southern Copper Corp +90% in 7mos |
I'm always digging deep to uncover some new mining stock that's about to make a similar big gain, and needless to say, with the price of gold headed toward $2,000 an ounce, I've been following the new crop of gold mining stocks very closely. In fact, one of the other mining stocks I recommended was up 260% between 09/03/09 and 10/22/09, But, I'm telling you now that, of all the mining stocks I've investigated, I believe that Gold American Mining Corp has the strongest strategic position, the best management team, strongest finances and the development program that will make it the biggest winner in this super-hot gold market! Buy Gold American Mining Corp. (SILA) now while it's still below $1.00 and look for $5.00 in less than 6 mos...$10 in a year! Don't wait too long to buy shares of Gold American Mining Corp. It's a SCREAMING bargain at these current levels. When I explain the fundamentals, I know you will agree with me this new gold mining company CANNOT stay anywhere near its current price. I encourage you to click here now to get my just released research report titled Top Stocks for Monster Gains in 2010. Inside this free special report, you’ll get all the details on the red-hot mining sector and learn why now is the time to get in on the ground floor of the next big gold winner – Gold American Mining Corp. (OTCBB:SILA). |
