08-30-2011, 06:21 PM #1 iceman
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USPR, Icemans Forecast.
U.S. Precious Metals, Inc. (USPR) -
(Note: more detailed information is availlable at the link below.)
The Iceman of stocksthatmove.com remembers many great stocks' over his 48 years: he exposed DASA 2 to 54; Kalvar 20 to 808; Mary Carter Paint 2 to 55; Resorts Int. 6 to 204; KLIC 3 to 28; Visual Data 2 to 36 (still trading under a different symbol); AKLM .25 to $43; Harvard Industries 4 to 103; SSOL; Smart Serve Online, from .25 cents to 183 dollars; National Airlines, taken over on a Monday morning when the Iceman had said at $125; and maybe 15 to 18 other excellent picks.
Cramer says to take some off the table when it come to stocks going up, a great piece of advice, except with Apple or Microsoft in its earlier days. So why is USPR different? Because it's not like SODA, which the Iceman has traded 12 times and has been 12 for 12; it does not have a $1 billion market cap; and the earning multiple is not the same when you have proven value that can be sold.
There will be in my opinion many (6 to 10) companies bidding on this property within 30 days. Based on a proven respected 43-101 and a respected Harper Report on just 5 acres of a total contiguous 37,000 acres, the Iceman thinks $500 million or 7.00 would be a distressed sale. So I do not believe that on this one, you should follow the rule of selling half and letting the rest run.
As the movie went "greed is good" ... Iceman bought 60,000 more on Friday on the close and knows that management are 78 and 72, and knows they want to sell.
The Chinese have put transportation in this remote area of Mexico and are buying the concentrate from Freeport-McMoRan Copper & Gold Inc. (FCX) and others.
Some rules should be broken -- if not we would still be a English colony. My target is a minimum of $3 to $5 by year's end.
Iceman notes the present market cap is only $25 million, and I think the property can fetch maybe a billion. Take half off? No way!
StocksThatMove.com feels company will sell for $5 to $10 dollars within 120 days.
NOTE 08/2011 DATE
