Stock Play ~MXAM
Good Morning Traders, We last played MXAM as a twitter/scan play from .0009 alert to .002 for a quick 100% gain. MXAM is back on our radar again for the next several days. MXAM expects bottom line profitability of $3,896,000 by year-end and that is just the start. We expect heavy volume in MXAM and many trading opportunities for the rest of the week. So keep on radar for updates: http://bestdamnpennies.com/
Great News out this morning!
Maxam Gold Corporation Announces New Estimated Gold Reserves And Production Capacity
LAS VEGAS, Jan. 30, 2013 /PRNewswire/ –Maxam Gold Corporation (OTCPINK: MXAM) http://www.max-amgold.com , a leading gold mining and development Company, announced today that Pembina Limitada S.A. and Maxam Gold Corporation received the report of estimated reserves and production capacity.Charles Langrill, President and CEO of Maxam Gold Corporation stated: “Maxam Gold Corporation and Pembina Limitada S.A., a Nicaraguan Corporation, which is a wholly owned subsidiary of Maxam Gold Corporation, have received a report of estimated gold reserves and production capacity of the current concessions in Nicaragua. Pembina Limitada S.A. owns mining concessions of 145,000 hectares. Preliminary testing has shown confirmed reserves in excess of 80,000 troy ounces of gold to date, and more than two million additional troy ounces possible. In addition, there are 800,000 metric tons of tailings containing 4 grams of gold per metric ton. This equals 3,200,000 grams or 102,894 troy ounces of gold, which at today’s prices represents $166,894,000 just in tailings.These tailings are easily accessible and can be processedimmediatelyafter the mill upgrade is complete. Maxam Gold Corporation and Pembina Limitada S.A. have committed to have these concessions in production this year, with a bottom line profitability of $3,896,000 by year-end.”
Maxam Gold Corporations launch and entry in the market could not come at a more fortuitous time. The prices of gold and silver are expected to climb through 2020. While experts anticipate that prices may stabilize in the future, the value of gold and silver will be greater than they have been for decades. Gold will continue to have a market value reflective of its status as a favored commodity, and silver will remain strong due to its industrial role in plasma displays, solar panels, and cell phone manufacturing. The Company will sell its gold and silver directly to a smelter, and will also sell bulk quantities to precious metal bulk buyers. Maxam will operate primarily in the Gold Ores and Silver Ores industries. However, the Company fully intends to extract additional high-value precious metals that are both inferred and proven to be in its mines, such as platinum, palladium and rhodium.
Recent News:
Maxam Gold Corporation Announces Acquisition of Pembina Limitada, S.A.
LAS VEGAS, Jan. 23, 2013 /PRNewswire via COMTEX/ — Maxam Gold Corporation (MXAM.PK) http://www.max-amgold.com , a leading gold mining and development company, announced today that it has acquired Pembina Limitada, S.A. a Nicaraguan Gold Mining Corporation.
Charles Langrill, President and CEO of Maxam Gold Corporation, stated: “The acquisition of Pembina Limitada, S.A. will be a great addition to the Maxam Gold Corporation. Pembina Limitada owns two gold concessions with permits to explore and exploit these concessions. The preliminary study prepared by Dr. William Matinez, “Concession Santa Rio Coco,” shows enormous gold reserves in these concessions. These newly acquired permits allow Pembina to process 150 metric tons per day as they gear up the exploration and production. The company will be processing 120 metric tons of tailings per day, averaging 4 grams of gold per ton. This equals 480 grams or 15.43 ounces per day generating revenue of $777,942 per month. These numbers represent revenues prior to the installation of a major mill upgrade.
For centuries, buying gold has been recognized as one of the best methods to preserve one’s wealth. Gold is in greater demand today then at any time in the history. Gold prices have skyrocketed over the past few years with no end in sight. Plus, with the US experiencing trillion dollar deficits and the dollar losing confidence of investors around the world, the price of gold is expected to continually rise. Today’s price is $1,622 up from $700 in January 2008.
Recent Headlines
Wednesday, January 30, 2013
- Maxam Gold Corporation Announces New Estimated Gold Reserves And Production Capacity PR Newswire (Wed 8:00AM EST)
Thursday, January 24, 2013
- Maxam Gold Corporation Announced Today That Maxam Gold and Pembina Limitada Have Entered into a Joint Venture Agreement with Comanche Capital, Inc. to Purchase Nicaraguan Gold PR Newswire (Thu, Jan 24)
Wednesday, January 23, 2013
- Maxam Gold Corporation Announces Acquisition of Pembina Limitada, S.A. PR Newswire (Wed, Jan 23)
