Hello Valued Subscribers,
As promised, here is the profile on our HOT New Alert Hondo Minerals Corp (OTC BB: HMNC). This is a REALLY cool one. HMNC is on FIRE right now. Just over a month ago HMNC hit a low of $1.04… yesterday it closed at $3! That’s a run of up of 188% in about a month… PLUS the Company announced enormous news yesterday after the close! These are a few of several reasons people are taking an interest in this young, explosive company:
- HMNC announced ENORMOUS NEWS after the close yesterday ! This news has not been traded on yet and could translate to an EXPLOSIVE day today!
- HMNC owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the LARGEST producing gold and silver mine in Arizona history!
- Early independent testing has shown the Tennessee Mine has approximately a million tons of tailings and dump material that can produce 1 oz. to 3 oz. gold and about 33 oz. of silver per ton using HMNC’s exclusive above ground technology.
- If HMNC is truly able to produce 1-3 ounces of gold, times ONE MILLION TONS, that adds up to a VERY large number. At $1,500 per ounce that’s $1.5 BILLION plus…just from the gold alone! And that’s just from one of their assets…
Investors are taking this company very seriously. The average 10 day trading volume is 147k; which, using today’s price is about $441,000 in dollar volume per day. That’s strong consistent volume for an OTC company!
HMNC announced ENORMOUS news after the close on yesterday! This is news that the market has not traded on yet, and it is BIG news. See it here:
Hondo Minerals Will Begin Sampling its Newly Acquired Properties with Plans to Expand Production
Hondo appears seriously ready to start kicking things into high gear and producing some serious profits.
Hondo Minerals Corp (OTC BB: HMNC)
Hondo Minerals may be positioned to become a major player in a very HOT market!
HMNC owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the LARGEST producing gold and silver mine in Arizona history! The Tennessee Mine operated from the late 1800s until 1947 producing lead, zinc, gold and silver.
In the fall of 2010, Hondo began construction on the Tennessee Mine Concentration Plant. In Late Spring 2011, HMNC is scheduled to begin operations of the metals recovery facility at the Tennessee Concentration Plant which is set to produce gold, silver, zinc, and other valuable metals.
Early independent testing has shown the Tennessee Mine has approximately a million tons of tailings and dump material that can produce 1 oz. to 3 oz. gold and about 33 oz. of silver per ton using the Company’s exclusive above ground technology.
Hondo is on FIRE right now, and looks seriously ready to start kicking things into high gear.
The Company states that their assets include ONE MLN tons of mineral rich tailings on the surface and the company owns a total of 540 acres of mineral rights and an additional 720 acres of minerals claimed!
If HMNC is truly able to produce 1-3 ounces of gold and about 33 ounces of silver per ton… times ONE MILLION TONS… that’s HUGE! How Huge?
At $1,500 per ounce, even off the low end of production estimates, that’s $1.5 BILLION…just from the gold alone! Just from one of the company’s assets!
The investment community is taking HMNC very seriously. Shares have been climbing aggressively for more than a month, gaining 188% over that time, while trading significant volume. And, by the way, HMNC hit a 52 week high yesterday!
HMNC has distributed four press releases already this month, outlining the breaking events that have the investment community watching closely.
HMNC has expanded their operational infrastructure with the addition of support vehicles, multiple pieces of earth moving equipment, a self contained assay and research lab, and a crush plant in preparation for initial ore processing and revenue production…THIS MONTH! In addition, HMNC also began preparations for the arrival of the generator that will supply power to the facility and provide ample power for expansion of operations in the future.
Conclusion
The company’s focus on heading into revenue production appears to be a MASSIVE CATALYST and now that we seem to be in the midst of the producing month, a breakout has obviously been taking place.
Given the size of the numbers we are dealing with breakouts of this magnitude are understandable. It is estimated that the Company’s Tennessee Mine has as much as 40% of the historically proven veins intact underground.
Hondo also recently announced that they entered into a cash purchase agreement to acquire equipment valued at approximately $4 million for $2.4 million! How many OTC companies would even be capable of entering into a CASH agreement of that size?
William R. Miertschin, Chairman and CEO of Hondo Minerals said, “I am pleased to report to our shareholders the acquisition of this equipment which is a near perfect fit for our operations. This will allow us the opportunity to increase our production 10 fold, lower costs, and significantly increase revenue. Because of this, the company may have the ability to reach its production and revenue targets 6 to 12 months ahead of schedule. ”
HMNC’s targets are already very aggressive, According to the Company, 2014 revenue projections are estimated at over $331 MLN…
And now they believe this new equipment gives them enough processing power to have the ability to reach their lofty goals… 6-12 months ahead of schedule!
HMNC’s chart is on fire and so is the company. They look poised to potentially take a serious foothold in a VERY HOT market that could lead to the production of major assets and in turn may lead to the generation of significant revenue.
Company Website:
Yahoo Finance:
As always, we encourage you to do further research. Also, if you find yourself in a position to profit, it is often wise to do so.
