Entree Gold (EGI) just hit $1.47!
Read the alerts I sent out about EGI in December:
Lebed.biz Alert – My pick to go from $0.61 to $100…
Wed, Dec 3, 2008 at 11:29 AM
If you want a stock that could go from $0.61 now to $100 within the next five years it is Entree Gold (EGI).
It is trading right now for cash in the bank! Yes, they have $0.61 per share cash in the bank and practically no debt! It could go to $100 because I believe they are sitting on one of the richest Gold prospects in the world and I believe Gold is going to $5,000 per oz.
Rio Tinto (RTP), one of the largest mining companies in the world and Ivanhoe Mines (IVN), both own 16% and 15% of the shares outstanding respectively. Why these two giants rushed to purchase such a huge position in EGI is mind-boggling.
This is a gift from heaven. EGI’s Gold in the ground right now is being valued at ZERO… when in reality it could potentially be worth TENS OF BILLIONS in a few years.
I may sound insane, but I am actually quite sane… the insane people are those who sold EGI at these levels. Maybe they had margin calls on other stocks or something… but believe me, EGI is a gift from heaven at $0.61. A gift from heaven.
Take a look at the map of EGI’s property in Mongolia. The red area located in the Heruga Zone is called the Heruga Deposit and it alone has an inferred resource of 13.4 million oz of Gold!
http://www.lebed.biz/egi.jpg
EGI is drilling this area in a joint venture with IVN and the blue box right above it is Oyu Tolgoi, which RTP and IVN are developing together. Oyu Tolgoi is considered to be the world’s largest copper-gold development project and EGI’s property completely surrounds it!
Look at the size of EGI’s entire property… including the 139,500 unexplored hectares. It completely dwarfs the size of Oyu Tolgoi!
I consider EGI to have almost no downside risk at $0.61 and I believe its upside potential is absolutely astronomical! These prices won’t last! I can almost guarantee you that!
Of course, there are no sure things… but if there ever was one… this is it here! You have no idea how huge EGI will be!
Lebed.biz Alert – EGI, $0.65 gold stock with $0.61 in cash!
Wed, Dec 3, 2008 at 9:28 PM
I announced EGI on Wednesday as my pick to go from $0.61 to $100 within the next five years. It hit a high on Wednesday of $0.72 and finished the day at $0.65 on its highest volume day since October.
EGI’s market cap right now at $0.65 is only $61.5 million when they have $57.8 million or $0.61 per share in CASH and practically no debt!
I can almost guarantee you EGI won’t be at these levels for long. What’s going on with this stock right now has nothing to do with fundamentals. It is my belief that some people who owned EGI were forced out of their trades because they owned this stock as well as other stocks on margin.
Unfortunately for those who had margin calls and sold, they will miss out on the huge gains that I believe are ahead for EGI! It is my belief EGI’s Gold in the ground could be worth TENS of BILLIONS in a few years!
If you take a look at the map below of EGI’s property in Mongolia… the red area located in the Heruga Zone is called the Heruga Deposit and it alone has an inferred resource of 13.4 million oz of Gold!
http://www.lebed.biz/egi.jpg
Also, part of Hugo Dummett, recognized as the richest copper-gold porphyry discovery of its kind in history, extends onto EGI’s property! EGI’s Hugo North Deposit has a indicated resource estimate of 2.3 milion oz of Gold!
EGI’s property completely surrounds Oyu Tolgoi (the blue box), which is considered to be the world’s largest copper-gold development project. Oyu Tolgoi is being developed in a joint venture between Rio Tinto (RTP) and Ivanhoe Mines (IVN). RTP and IVN both own 16% and 15% of EGI’s shares outstanding respectively!
Lebed.biz Alert – You seriously can’t lose in EGI…
Wed, Dec 3, 2008 at 11:42 PM
(I own no stock in EGI and there are no conflicts of interest whatsoever in what I say about this company, except for the fact that I want you to make money in it. I might be buying stock in the company soon.)
I believe Entree Gold (EGI), at its current price of $0.65, has almost no downside. If you buy the stock at $0.65, you are buying a company that has $0.61 per share in cash and practically no debt. It’s almost as if you are getting EGI’s Gold in the ground for free!
The world right now is afraid to own equities and has been pouring its money into U.S. treasuries. Combined with deleveraging of hedge funds and other forced liquidations, this has created a temporarily strong Dollar which is giving Bernanke the cover he needs to print trillions of Dollars out of thin air.
This fake Dollar rally is about to reverse and when it does, the Dollar will fall through the floor and Gold will go through the roof.
Right now, EGI’s Gold in the ground is being valued at practically zero. It is my belief that EGI’s Gold could be worth tens of billions in a few years and this stock could go to $100 over the long-term.
In the short-term, I will be shocked if EGI is below $1 for much longer. In my opinion, these prices simply will not last and if you don’t take advantage of them now… you will be kicking yourself very soon.
EGI’s Heruga Deposit has an inferred resource of 13.4 million oz of Gold and their Hugo North Deposit has an indicated resource estimate of 2.3 million oz of Gold!
Rio Tinto (RTP), which has a $21.6 billion market cap, and Ivanhoe Mines (IVN), which has a $781 million market cap… own 16% and 15% of EGI’s shares outstanding respectively!
EGI might be out of favor right now, but this time next year I wouldn’t be surprised if EGI is trading 10 or 20 times its current price. We could wake up next week and have a day where EGI trades up over 100%. Perceptions change quickly. Right now, investors want Dollars… but soon they will want Gold. EGI has Dollars and Gold! This is a win-win situation!
(Please remember you can lose in any stock. All stocks are risky. But EGI is as close to a sure thing as I have ever seen.)
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Jonathan Lebed
Lebed.biz
Staff