Mining Insight ALERT: Animas Trip Completed
Dear Mining Insight Subscriber,
I have just returned from spending a full day traveling around a small percentage of Animas’ (Symbol ANI in
I will have a detailed report out to you shortly, but given recent gold action and the fact that they are drilling and other newsletter writers are paying attention, there is no reason to delay my bottom-line, follow-on stock market recommendation.
I had the opportunity to spend extensive time with straight-talking CEO, Greg McKelvey, and a few hours around mildly taciturn, but exceptionally competent VP Exploration, John Wilson. We looked at (“reviewed” would be too strong a word, because one cannot see visible gold in this district, and the particular rock that may host economically mineable resources in any particular drill-hole cannot begin to be identified except by the assay lab and subsequent metallurgy results) the entire core of the 3rd drill hole from the recently begun drill program. We also spent time overviewing their voluminous electronic data that allows them to easily overlay EM, IP, alteration, drill hole, soil anomaly (and MUCH more) maps to dig more deeply into the “story” that the geology and district are telling about where the possible economic gold resides (gold itself is everywhere, in virtually every rock-type on the huge Santa Teresa District).
Currently trading in the $1.35 – 1.50 range, I strongly encourage you to get your full position in Animas, NOW. (Again, expect a more complete report within 10 days). Per previous suggestion you put 15% of your total funds dedicated to speculative precious metals mining shares into this one stock, I am more confident that 15% is fine and 20% may be better. Expect longer-term volatility, but I encourage you not to wait until the first holes are announced in August (or even until the market begins to anticipate their release). No guarrantees, and I was certainly not lead to any excessive optimism by anything said by officers or directors of the company (in fact, I found them overtly cautious), but, having decades of history visiting mines, development properties and prospects, I believe the risks are to the upside.
This is unique in my experience, and I wrote extensively and enthusiastically about the juniors (including Barrick) involved in the Carlin in early 1982 and the Hughes-Lang Group and others in the Hemlo in 1983 in my Prospector monthly letter. The Animas situation could be more exceptional; they control THE WHOLE district.
PS – the next letter will also contain DETAILS and specific dates of the 2nd and last great buying opportunity of 2008 (and perhaps the last great buying opportunity for the next 24 months).
Happy Prospecting!
Darrell Brookstein
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The Nanotech Company, LLC, Darrell Brookstein and/or Resource Development, Inc. are not registered investment advisors nor broker/dealers. Readers are advised that the material contained herein should be used solely for informational purposes. The
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