Friday, October 16, 2009 11:11:54 PM
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...
TAKEOVER TARGET
......THAT COULD TURN
YOUR $5,000 INTO $436,000
When a stock trading under $1.00 has the potential to zoom to $51, you MUST pay attention.
GoldCorp sure is.
Fast-Acting Investor Summary:
GoldCorp (NYSE: GG) is now the third largest gold producer in the world, after acquiring Glamis Gold for $8.6 billion in 2006
GoldCorp made the acquisition because Glamis' El Sauzal gold mine is flush, producing 200,000 ounces of gold a year right next to AMNP property.
American Sierra Gold has 28,880 hectares (71,337 acres) right next to the Glamis mine now producing $200 million in annual revenue
Should American Sierra uncover a tiny fraction of the amount of gold found just south of its mines, then GoldCorp is a shoe-in to acquire American Sierra as they did Glamis
American Sierra's share price could soar just on takeover rumors... and sustain its rapid growth even without being acquired because the price of gold itself is soaring
[from: http://www.economicadviceinc.com
James Rapholz
Editor, Ecomonic Advice
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