PPS is going up tomorrow....I recieved stuff like this from 4 different promo companies:)
Management Hoards Gold & Shares!
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Most gold miners sell their bullion as fast as they can dig it up, but Gold Standard Mining Corp. (GSTP) is the first one I've seen where management has patiently stocked its own Fort Knox with over a TON of gold bricks and just waited for prices to push to new records.
They've also been unusually greedy with their stock...and yes, with 2 buyers for every seller lately, accumulation pressure is sky-high.
Consider this...
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GSTP processed 71,000 ounces of gold last year and only sold 19% of it to pay its operating costs. That leaves 56,500 ounces -- 1.6 metric tons, worth $81 million -- in "inventory." (Readmore)
Simply waiting until the price soared from $1,250 to the heady $1,440 we saw last week "earned" GSTP a paper gain of $10.7 million.
But as far as we can tell, GSTP hasn't sold yet...and now that the summer mining season has started, it's digging more gold from its claims in Russia's Far East, near the China border. (Readmore)
According to GSTP, one of its two big properties, Elnichoe, contains a known reserve of 3,186 kilograms (117,000 ounces) of easy-to-mine alluvial gold and another 75 tons -- presumably these are metric tons since they're in Russia -- of bullion in the hard rock. (Readmore)
The other property, Snezhinka, has shown evidence of 120 tons of gold, 3 tons of platinum and 195 tons of silver. (Readmore)
Granted, translating between Russian and Western geological standards is tricky, but however you slice these huge numbers, it looks like GSTP has no shortage of precious metal to work with.
Also consider this...
Given GSTP management's cunning "hoard instead of hedge" strategy, it's no surprise that directors and officers decided to keep close to 107 million shares of this stock for themselves...leaving only 25% of the float for the rest of us. (Readmore)
Traders on the outside have evidently followed their lead. Average weekly volume on GSTP soared 20-fold over the last 3 months, and with an up/down ratio above 2, the buyers have been running amok.
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Early bird traders willing to sell them a few shares have been patiently racking up cash...maybe not huge amounts lately but the 8% to 12% days have definitely added up.
And back in December, hunger for GSTP was so intense that the stock printed 70% to 80% swings every day for a week!
Get GSTP on your screen tonight and check it out, I’ll have a full breakdown of the chart first thing tomorrow morning so be sure to check back.
Sincerely,
David Roy
