Allied American Steel Corp. (fka AAST)

[sdbrklyn]

E-mail from Michael Stone www.PickPennyStocks.net
Below:




"The Meyers Letter" Found Below Put's $9.84

Short Term Target On AAST

(Why? Read The Details Now)



By Special Request!


87 hours of research, and working "feverishly" to deliver back-to-back Winners


...I have found what (You) -- WILL agree is a stock everyone can make a bloody fortune with.



Let's roll up our sleaves and get right into it!


First,



John Meyers, with "The Meyers Letter" in June's addition put's a short term price target of $9.84 per share on (AAST)!

look here for yourself => http://aasteelinfo.com/index.html



He also add's....


Quote: "Great fortunes are still built on steel!



"It's the best place to invest your money now if you want to take advantage of the explosive growth in China and India."


Steel is, and always will be, the back bone of America's and the world's basic industry. Many of the great and lasting fortunes have been made in steel:


Why is this important to YOU?



(Read on and YOU will understand what opportunity lies ahead...)


Facts:


1. AAST is an exploration company with a projected annual revenue of $1.1 Billion!



2. AAST is ran by a seasoned Wall Street veteran.



3. Allied American Steel Corp., Begin your research here www.alliedamericansteel.com



4. AAST CEO, Jes Black's story is almost as exciting as that of the company. He's raised over $15 million when he worked as a Managing Director. He's a former commodities trader. He's conducted twelve appearances as the featured guest speaker at commodity trade conferences and has been quoted over 300 times by the Wall Street Journal, Barrons, Financial Times and Reuters over the past 10 years.



5 REASONS WHY YOU SHOULD

RESEARCH AAST RIGHT NOW:



1) Talk about value! Allied American is sitting on new estimate $72.17 billion worth of iron ore. That works out to about $793 per share of AAST stock. Right shares are trading around $1.50 a share.





2) The project is perfectly located in one of the most productive iron ore neighborhoods in the world, the southern region of mining-friendly Canada just north of NY State in prime iron ore country. Its next door neighbor is $140 Billion RIO TINTO - the world's #2 mining company and only real rival BHP has.





3) Allied American Steel's project sits right on the St Lawrence Seaway with direct access to export routes that make it competitive in the fast growing emerging markets of China and India.





4) And talk about safety, Canada is about as industry-safe and environmentally-flexible as it gets.





5) Plus, unlike some countries, in Canada there are no political, economic or environmental concerns about doing business - other then how fast you can make money and how fast BHP will take over Allied American.



If all that sounds too good to be true, you may be wondering why Allied American's stock is loitering at around $1.50?




There are two reasons, neither of which has been spotted yet by Wall Street. That's why AAST has the potential to be a take over candidate by giant's like BHP Billiton (NYSE:BHP; market cap $278.98 billion)


With an "all-in" attempt to bolster its long-term iron ore reserves, BHP Billiton, the world's largest mining company, just made a hostile, $147 billion takeover bid for its iron-rich rival, Rio Tinto! But, Rio shareholders shot it down!


Had it gone through, the deal would have been the second biggest merger ever. Of course, since it didn't, that means BHP Billiton still has access to as much as $147 billion in expansion financing.



That leaves BHP with an unmet, urgent need to acquire more iron ore and plenty of money to pay for it! Little-known Allied American Steel just upped its estimated iron ore reserves to a new estimate of $72.17 billion.



Only, here's the thing, it's stock (currently trading at $1.50) hasn't caught up with the revaluation which puts the in-ground value per share at $793!


New Data Just Boosted Its Potential Valuation to $72.17 Billion



Allied American's primary property is a 9,447 acres claim located on Lac St-Jean, Quebec, about 20 miles from the town of St-Felicien. Beginning in 1956, the property was well surveyed and found to contain several magnetic anomalies (indications of iron ore) and two major mineralization zones, one of which was investigated back then with four short drill holes.


Results were conclusive enough that some 220 claims were staked. Additional exploration, including line-cutting, geological mapping, dip needle survey and rock sampling established an estimated resources of 124 Mt of ore grading 6.6 wt % Titanium Oxide and 23.3 wt % iron.


$72.17 Billion!


That's a huge number. It makes this a major, world-class resource, estimated to produce for the next 59 years.


...although the value of the company just increased, the stock hasn't begun to reflect that new, upward revaluation!



Every $1.50 Share of AAST Stock Represents a Potential $793 Worth of Minerals!




Yes, you read correctly. Every share of AAST priced around $1.50 represents an estimated $793 worth of recoverable iron ore and titanium.



With operating, mining, separation and transportation costs expected to not exceed 30% of the gross resource value, annual potential operating value is projected as being $1.1 billion net.


And almost overnight, Allied American Steel finds itself in possession of a property that has all of the geological markings of a world-class open pit mine.


And what's most exciting to me is the fact that almost nobody has picked up on this yet. I've seen no major coverage of this blockbuster development.



Which explains why Allied American's stock is still trading at a ridiculous $1.50 a share.


But, if I'm on to the fact that Allied American Steel just released a revaluation of its mineral resources, the scouts over at BHP Billiton - the young Turks charged with finding a bargain iron ore deposit to buy - have seen it too.



And my guess is that they are well aware that with $72.17 billion worth of in-the-ground minerals...


I've got to believe that BHP would be more than happy to snatch up that $72.13 billion worth of iron and titanium at 5-cents on the dollar.


Research AAST now....Don't wait




Michael Stone
Chief Editor
www.PickPennyStocks.net