$NGHI: The Dean’s HOT Commodity!
Aug 30th, 2009 by beststockreport
The Dean knows the DEMAND for gold is enormous and that’s why he’s excited to bring you an Ivy League Stock Pick that’s truly a HOT commodity!
Nevada Gold Holdings, Inc. (OTC: $NGHI) is a mineral exploration company focusing on identifying and developing large scale gold deposits in Nevada.
$NGHI is currently working on 4 target locations in the Rabbit Creek Gold trend where there’s said to be at least 50 million ounces of gold—or $47.8 billion worth of gold.
The Dean’s excited about $NGHI because Nevada is the highest gold producing state in the country. In 2005 alone, Nevada contributed 7 million ounces. At current market valuation, that mean’s $6.7 billion of gold in one year!
$NGHI operates solely in Nevada which contributes to 75% of the gold production in the country and 10% of the world’s gold.
The Dean has done his research and knows that gold goes for about $956/ounce. Due to a number of costs and profits to be made, exploration companies like $NGHI stand to make about $120 per ounce found.
Since $NGHI is digging in a trend where 50 million ounces of gold is said to exist, they could capture a very small percentage of the area’s gold and still make it BIG.
Let’s assume that this estimate is correct and that there’s a possible 50 million ounces at $120 ounces for potential finders. That means $NGHI has potential of playing some serious finders keepers in a $6 billion possible market.
Even if $NGHI finds just 5% of the gold that’s there, they could see $300 million in revenues. A more ambitious expectation of 30% would mean $1,800,000,000—count those zeros, that’s $1.8 billion in profits.
The Dean’s hopeful about $NGHI’s chances for shining success because their President and CEO, Dave Matthewson, has 35 years experience as an exploration geologist and tremendous success in finding large commercial gold discoveries in Nevada.
Matthewson has spent 20 of those years in Nevada where he’s been directly responsible for the discovery of 25 million ounces of gold or $3 billion worth of golden goodness!
The numbers seems to add up and The Dean believes $NGHI is is a gold mine just waiting to be CASHED IN on.
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Happy Trading, The Dean
*Never invest in a stock mentioned by The Dean unless you can afford to lose your entire investment. We have been compensated twenty five thousand dollars from a 3rd party (Trinity International) on behalf of NGHI to provide corporate communications services.For The Dean’s full disclaimer click HERE.
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