Idaho General Mines (GMO – AMEX)
Dear Bottarelli Research Member,
I’d like to keep this one short and sweet. There are big things happening at a molybdenum deposit located in Eureka County, Nevada called Mount Hope. The development of this world-class deposit will push shares of Idaho General Mines (GMO – AMEX) aggressively higher — making the stock an immediate BUY anywhere under $2.50 per share. Establish a position now!
Sincerely,
This World-Class Molybdenum Project
Could Hand You Uncommon Gains
To understand the potential Idaho General Mines (GMO – AMEX), you must first understand the potential of the commodity that they develop: Molybdenum.
Molybdenum is a necessary alloy in all steels. It is principally used in steel, cast iron, and super alloys to enhance hardness, strength, toughness, wear, heat and corrosion resistance — making molybdenum an important resource for the growth of industrial based economies.
Rapid growth in India and China have fueled most of the increasing worldwide demand. In fact, molybdenum inventories are basically booked up for the next five years. And when you consider that molybdenum not only increases the strength of the large pipelines required for oil and gas, but the metal’s unique chemical properties also make it a valuable catalyst in refining crude oil and liquefying coal, it’s clear that the demand is not going away anytime soon.
Over the last three years, this non-stop demand has pushed the price of molybdenum to $31/lb. And with molybdenum demand compounding at a growth rate of 3% annually — at the same time that production is not slowing down and no new producers are coming online — Mo prices will remain high for years to come. And what’s why GMO is such a powerful investment opportunity.
Idaho General is currently developing the world-class Mount Hope molybdenum deposit located in Eureka County, Nevada. Not only that, but in 2006 BMO also acquired its second largest molybdenum project (called the Hall-Tonopah project) in Nye County, Nevada.
The billion-ton Mount Hope molybdenum deposit in Nevada is the cornerstone of Idaho General’s growth potential. In fact, Mount Hope is the largest molybdenum project at the permitting stage in the world today and is truly one of the great metal deposits of North America! With 1.3 billion pounds of recoverable molybdenum and a 50+ year mine life, the stock looks like a play you’ll own for years to come. In fact, this could be a play that your kids make millions off. Make no mistake — you need to buy shares of GMO today!
PLAY: Buy shares of Idaho General Mines (GMO – AMEX) at or under $2.50, good for the week.
Sincerely,
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