I talked to IR a couple of weeks ago. He said they are just now trying to promote the stock some to get the word out about it. It is not a pump and dump! Redchip Companies is covering it. They have a good repution of 20 years. IR also said there should be some happy investors when the PEA comes out.
Here is the promo....(See promo below...have to scroll down really far between some paragraphs.)
Penny Stock Crown. Cheesy as they can possibly be. (Sorry their rooster pic did not copy.) Based on HOT STOCKED.com MXOM paid $10,000 for the promotion.
Does this mean MXOM is looking to dump shares? If they want a promo why not buy 10,000 worth of shares and show up on the insider buying list? (If they are for real, the $10,000 turns into ????? instead of GIVING the money to a pump and dump company!!!!!)
See below!!!
Pan American Goldfields (MXOM) - Price $0.20
Hello Subscribers,
Our NEW CROWD FAVORITE is MXOM
NEW ALERT: Pan American Goldfields (MXOM) - 0.20 cents...
New record production and major upgrade to gold and silver resource just announced - Gross in situ value of increase is US $900 million - paves the way for more than a 1,000% increase in production and revenues.
MXOM is a silver and gold producer with new record high production at its Cieneguita mine in Mexico's booming Sierra Madre gold-silver belt. The Cieneguita deposit did contain a NI 43-101 compliant resource of 1.1 million Measured and Indicated gold equivalent ounces. This amount was just dramatically increased to 1.7 million gold equivalent ounces by Engineering giant, M3 Engineering of Tucson Arizona. This amount is expected to increase further as a new program further defines known high grade zones and the limits of the deposit. Current gross in situ value is now more than US $2.55 billion.
Are Pan American Goldfields' shares about to take off like a rocket ? With a PEA (Preliminary Economic Assessment) for a dramatic expansion of its Cieneguita Mine'd production just weeks away and its neighbors on the acquisition trail - it looks increasingly likely.
MXOM is already producing gold and silver at record levels (see news release here ) and it expects to announce the PEA for its Cieneguita Mine in the coming weeks.
New economic, high return gold deposits have become a rarity, which is why many gold stocks have not performed. For example Barrick Gold, the worlds largest gold miner, has seen its production drop 15% over the past 7 years despite spending $ 20 billion.
The opposite is true for for MXOM. After spending a fraction of this amount - about $ 50 - million on its Cieneguita over the past 8 years, the amount of gold and silver and production levels are growing explosively.
The company's just release gold and silver resource increase is absolute proof of this and it is so incredible! that it would be quite frankly, unbelievable, if not for the stature of the engineering firm - M3 Engineering - that did the work. M3 is blue-chip and is huge. In fact M3 has developed more than half the new mines in Mexico over the past 20 years, a mind boggling number for Mexico, one of the world's most attractive, fastest growing and sought after mining destinations.
Management's record of producing major winners
But looking at the track records of the company's board members and we should not be surprised that MXOM is becoming a major success:
George Young
Director, he founded IRC which was bought by Royal Gold in 2011 for $750 million. He Co-founded super-stock MAG Silver (Rocketed 3,500% from its IPO and is still up plus 2,000%) not enough - he also acquired and started development on the Guacamayo which turned into a $700 million acquisition .
Andrey Koniuhov
Director, he has discovered and developed more than 40 million ounces of gold making him one of history's greatest gold mine developers. As head of Polyus Exploration his gold discoveries and mine developments propelled Polyus from the 11th largest gold miner in the world to the world's second largest gold mining company by reserves.
Hernan Celorrio
Director, former Barrick Gold President - Argentina, Barrick is the world's largest Miner by assets, he was responsible for development of the Veladero, Barrick's largest gold mine.
Neil Maedel
Chairman, financier, resource stock expert - famed as a backer of companies such as gold miner Arequipa Resources (subsequent rise 4,923%), penny stock Corriente Resources (later taken over for $600 million) and Ultra Petroleum which rose from $0.25 to $205 per share! The development of MXOM has been is focus for the past 3 years. If this is anything like his past winners the results should be incredible.
Upcoming Expansion
Fully developed, management expected revenues, net to the company (using current gold and silver prices and a $500 cash cost), from the commercial operation to reach $87,865,000 per year. That's about $0.98 per undiluted share. The new M3 results however have upended these numbers as they cause a radical increase in likely future cash flow and profits. It is something that will come out in the PEA being completed in the next few weeks.
Takeover Target
Our bet is that MXOM never gets a chance to expand but is instead snapped up by larger miners desperate to replace their declining reservers and production. Think of Barrick's decrease in production despite spending $20 billion. This kind of story is endemic in the industry making MXOM's gold and silver mine all the more desirable.
Most likely is that MXOM gets snapped up by one of its neighbours. A miner smaller than MXOM, called Grayd Resources was bought by Agnico Eagle for over $218 per ounce (MXOM is currently trading at around $10 per ounce - just like Grayd before its PEA) After the PEA Grayd's shares exploded - from a few cents to $2.80 per share. (Another reason we rate Agnico Eagle the number one candidate is its Mexican head is intimate with the Cieneguita's immediate area - he developed Goldcorp's El Sauzal mine which is only a few miles away from the Cieneguita thus He has the knowledge base to move fastest in this race to price and acquire MXOM).
If Agnico doesn't move fast enough there is also Coeur d'Alene Mines (NYSE:CDE $24) which is hungry for reserves, or Alamos Gold (TSX :AGI $15) which operates the Mulatos, one of the area's lowest cost mines. Also a great candidate to buy Pan American is the Mexican mining company, Minera Frisco (MX:MFR $54). It just bought the Ocampo deposit which is a few miles north of the Cieneguita for $750 million last October. All of these companies are looking to replace their depleting deposits and grow their reserves with an asset like Pan American's Cieneguita.
PennyStockCrowd believes MXOM is among the greatest opportunities of this decade! Here's why:
Positive operating cash flow (excluding development and exploration); A major silver & gold asset; Production growth and cash flow set to rise 1,000% in only the next three years; Bargain priced at $11 per oz gold valuation - this most certainly cannot last; Executive includes some of the industry's most accomplished veterans - greatly increasing the likelihood of success; The probability that the company's share price rise will be fast-tracked by a bidding war, as companies like Minera Frisco or Coeur d'Alene Mines attempt to add it to their stable of low-cost high-return, producing mines. Follow the CROWD and Quickly put MXOM on your RADAR! little known by investors It has yet to be discovered by investors at large. Several institutions specializing in gold stocks have already, according to SEC filings, quietly accumulated over 30% of its shares. Canadian resource stock experts Fundamental Research just named Pan American as one of their top picks for 2013! Click here...
You don't want to miss this opportunity! PennyStockCrowd is putting MXOM on high alert due to the company's PEA study, explosively growing gold and silver deposit, accelerating positive cash flow growth, and world-class All-Star Executive Team!
We are confident that the more you learn about MXOM , the more impressed you will be!
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