Does anyone here know if ICEMAN is credible I can not open
many of the links about uspr ie podcast interview with director
darn I found this out below
U.S. PRECIOUS METALS, INC. (OTC: USPR) PENNY STOCK ON FIRE!
USPR moving up on JV rumors!
U.S. Precious Metals, Inc. (OTC: USPR) recently made a strong move north out of its trading range after they announced in an 8k on November 7 that they have entered into an LOI to raise $100 million in a JV deal to develop their Solidaridad Property in Michoacan state, Mexico.
This is obviously epic news for any bb listed co and while we wait for a signed deal the stock price and volume are accelerating. The stock has been trading in a wide range between $0.10 and $0.20 for months after USPR made an explosive move up last year from a start point of $0.05 to highs of $0.50. Now that the stock has exploded north on accelerated volume investors are taking notice.
U.S. Precious Metals, Inc. is an exploration stage company engaged in the acquisition, exploration and development of mineral resource properties. USPR owns exploration and exploitation rights to approximately 37,000 acres of land. All information available to the Company has been obtained from bore holes drilled by USPM and by the previous two companies that explored the property and analyzed under chain of custody by an independent laboratory.
It is the Solidaridad Property that puts this Company on the map; samples from the property suggest that there is a potential gold resource of 308,000 ounces. In addition there is significant recoverable silver and copper. At current gold prices the value of the asset is well over a billion dollars. Rumor has it that it is only a matter of time before USPR announces a Joint Venture agreement with a major to develop the mine.
Conclusion: USPR has made an explosive move up in recent weeks after the mammoth 8k they put out in the first week of November. Currently trading at a total market valuation of under $25 million USPR could go far from current levels. As we wait for a signed deal on the LOI USPR should be at the top of every investors watch list.
To find out the inside scoop on USPR subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!
U.S. Precious Metals, Inc.
Gennaro Pane
Daniel H. Luciano
usprgold.com
STOCK INFORMATION
SYMBOL: OTC: USPR
Shares Outstanding: 108,178,502
Market Cap: $23,799,270
U.S. Precious Metals, Inc. (OTC: USPR) was incorporated in the state of Delaware in 1998 as a mineral exploration company. USPR and its wholly owned Mexican subsidiary company, U.S. Precious Metals de Mexico, S.A. de C.V are engaged in the acquisition, exploration and development of mineral properties. They focus on gold and base minerals primarily located in the State of Michoacan, Mexico where they own exploration and exploitation concessions to approximately 37,000 contiguous acres of land known as the Solidaridad Property.
The Solidaridad Property is a significant gold, silver and copper resource located in the state of Michoacán, Mexico. A drilling campaign commenced in early 2008 to establish the parameters of the surface mineralization.
The deposit was first discovered in August of 1995 by Esperanza del Oro. A joint venture to explore the property was offered to Mount Isa Mines (MIM) by Esperanza del Oro after the initial discovery. MIM drilled 11 holes and Hot Springs Gold Corporation drilled an additional 10 holes. Initial drilling of the property was completed in December of 1997. From the data collected by MIM, there is a potential gold resource of 308,000 ounces. In addition there is significant recoverable silver and copper. At 2007 metal prices the value of all metals was estimated to be $319 million. At current metal prices (2008), the value of the resource is estimated to be well over $500 million.
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