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Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)

“This tiny gold outfit already tripled investor’s money since we first alerted you one year ago! But over the next five minutes, find out how Wednesday’s historic news could triple your money… AGAIN!”

That’s how the latest missive for Greg McCoach’s Insider Alert gets started — McCoach also runs a wider-circulation newsletter called Mining Speculator that I know many of my readers have sampled in the past, but his Insider Alert is the “upgrade” newsletter, they’re currently asking about $2,000 a year for a subscription.

And if you do subscribe, they’ll tell you all about this stock — they’ve been calling it the “biggest gold story of the last X years” since they first started teasing this miner close to a year ago, though at the time it was the biggest story of the last 14 years and now, 10 months later, it’s the biggest gold story of the last 50 years. Either way, certainly a big enough story to look at, eh?

On the odd chance that you’re not eager to pony up two grand for a newsletter in order to learn about this idea, however, I thought perhaps I’d take a quick look, make sure this is still the same company I thought it was last May, and share some details with you.

The first clue is that the shares are up 200% since McCoach first recommended the stock about a year ago, the stock is currently at about $1.05 (or was when this ad campaign was written) … and then he goes on to include a few clues in his pitch:

“You see, I recently returned from what could be – and scores of geologists agree 100% – the greatest gold exploration discovery in the past 50 years.

“It’s located only a few miles outside Timmins, Ontario.

“For those of you who don’t know, Timmins sits right in the heart of one of the greatest gold belts in the entire world, the famous Abitibi Greenstone Belt.

“In fact, it’s been churning out the yellow metal for so long (since 1907) that the entire region’s been dubbed ‘Elephant Country.'”

And McCoach says that he had a phone conversation with an eager investing friend who’s apparently great at picking hot mining stocks, talking about this particular property … this is how he recounts the conversation:

“‘Did you see it?! Did you see it?! They announced it! 12.17 grams per ton! The stock launched 56% today! It’s there! It’s [expletive] huge! They think it’s the same gold system that runs under Timmins… it’s just a little deeper under the ground! You have to see this report! This could be massive! I’ll fax it over!'”

The property is apparently one that used to be owned by Cameco, the big uranium producer, before they started shedding their gold properties:

“Fortunately for us, Cameco basically gave the property away… with all of the work pretty much done!

“In fact by 2002, according to a 627-page report they filed with the Ontario Ministry for Mines, Cameco drilled 15 holes and collected 1,067 gold samples in the property. Each one showed extreme potential for high gold mineralization.

“Here’s an excerpt directly from that 627 page report:

“‘These results, although not economic so far, are indicative of a large gold system. It is part of a major deformation corridor, traced by drilling for more than two kilometers along strike, up to 1.5 kilometers wide and more than 600 meters deep.'”

The teaser also includes a chart of the stock’s movements over the past year, showing that movement from the .20-40 cent range up to the current $1+, so that’s enough to confirm for me that this is still the same stock. And the last bit of temptation, the urgency that’s probably sending new subscribers rushing to get into McCoach’s letter (or so they hope, at least), is that they’re releasing some kind of results soon, as early as tomorrow. Here’s how they put it:

“And to make matters even more urgent and impressive, the company has some explosive news they expect to announce regarding their latest drill results as early as Wednesday!

“In other words, in 24 hours from now, the stock could skyrocket!

“And judging from the absolute swarm of trading on it lately, those results aren’t just going to be coming back soon – but could turn out to launch this outfit’s share price several times higher!

“In fact, as I write this, mega-firms across Europe already have massive funding deals on the table.

“… Deals so large that the share price could easily triple – AGAIN – as soon as their results are announced!”

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So … the stock? This must be, as I first suspected back in May, Explor Resources (EXS in Canada, EXSFF on the pink sheets).

And I don’t know if it will triple again when they release their latest information, but certainly a company of this tiny size that gets this much attention generally flies … at least temporarily … and the stock is already up about 25% today as I type, on about twice the normal trading volume.

As for news from drilling, they do have drilling underway right now at at least one of their exploration targets in the Abitibi-Greenstone belt in Ontario (they have several target zones in a fairly small area that neighbors Xstrata’s Kidd Creek Mine as well as big discoveries by West Timmins Mining and others). I didn’t see any clear announcements about when they might release the drilling results, but I suppose it could be fairly soon. They are exhibiting at a conference next week, which will probably also help to drive a little more attention.

This is a stock that I know a lot of my readers have been interested in over the past year, following up on that original McCoach teaser, and it has certainly been one of the stronger teaser picks of the past year (it really is up by more than 200% so far, especially given today’s additional jump). You can see my original note about it here from last May, though I was more cautious about identifying the stock then — this time, with the definitive clue of the stock chart in the teaser ad and a few more tidbits under my belt, I can be more certain that this is really Explor Resources.

Can I be certain that they will release stunning drill results, or make you millions? Well, I think we all know better than that — and I can say that these kinds of promises of spectacular drilling results being imminent usually overstate the urgency of getting into the stock right away, or imply that the newsletter editor knows more than he does about the likely date when they’ll release data … for obvious reasons (rarely do you see a newsletter that says, “quick, think about this stock and maybe buy it in a few months!”). And I will say that I’m quite sure that Greg McCoach knows a lot more about mining and mining stocks than I do, and that he seems awfully excited about this stock.

That’s not enough to guarantee a huge hit, and he’s certainly teased stocks before that didn’t do very well (Canadian Zinc comes to mind from a few years ago, but that one is at least recovering more recently) … at least now you can do a bit of research on your own and see if you’re interested in Explor. After seeing the big moves this stock is making, I thought I’d better at least share the name of the stock, but I don’t know much more about how their story has progressed of late.

If you’re one of those who’s been trading this stock over the past year or so, let us know what you think … and what you think we should expect in the months to come. And of course, if you’ve subscribed to any of McCoach’s letters, please review them for us — we have a couple reviews on file for his less expensive Mining Speculator, but haven’t heard from any subscribers to his Insider Alert yet.

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Rick
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Rick
March 2, 2010 4:02 pm

Looks interesting, but I prefer another Canadian junior mining pinksheets stock KAT Exploration (KATX). They announced some amazing finds on their Handcamp claim yesterday and IMO at around 0.06 they are undervalued right now by at least 10x.

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MarMak
Member
MarMak
March 2, 2010 5:04 pm

I got into Explor last May and still own it. You hit the nail on the head with your call. Another stock to watch is Goldcliff Resourses, (GCFFF)

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Dean
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Dean
March 2, 2010 5:06 pm

Rick, you should keep you spam somewhere else. Your stock projections are brutal.

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Terry
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Terry
March 2, 2010 5:56 pm

Greg McCoach has been great. I have been with the mining speculator for about 9 months. Sold one stock for a 200%+ gain and the following are still open.
167.24;124.27;112.45;81.75;63.21;46.87;32.75;25.72 and one at -32% with a big announcement coming within the next month. Fantastic picks if you listen to his wisdom,

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Charles Kelly
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Charles Kelly
March 2, 2010 6:00 pm

I am currently a Mining Speculator subscriber. I had been an Insider Alert subscriber, but I gave it up because of the $2000 cost per year. I believe I would be better off had I continued the subscription.
This how I currently stand with McCoach’s recommendations:
Trade
%gain+ loss-
1 +583
2 +338
3 -21(newest trade)
4 +320
5 +105
6 +83
7 +16
This occurred in about a year. Not so bad I think. This is certainly better than I have done on my own.
Charlie Kelly

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jsf
jsf
March 2, 2010 6:36 pm

Suggest you also look up Lake Shore Gold: CA = LSG; US = LSGGF, who bought out Timmins Gold.

This region has been producing base & precious metals for a long time.

These new discoveries will be ok if the gold price stays hi, because the mining cost to go much, much deeper with the new discoverys will likely be high – located 100s of feet under the existing mining zone.

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Bill
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Bill
March 2, 2010 7:44 pm

Lithium For Batteries Tease or Fact..? Next big Source Need..? Money Morning Pronouncement… Same format, some mysterious little co… Has a lease on land holdings that future rise in demand will make us all rich if we get in..?

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Bill
Guest
Bill
March 2, 2010 7:48 pm

Oh.. One more.. Fiber optics co. That’s devoped a new optics capability that carries Trillons of data bits as opposed to the 1.2 Billion? Available now,- with no data loss from optics cable bending using nano tech in production…

patrick
Guest
March 2, 2010 8:07 pm

bill,

i believe your referring to corning

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Keith
Guest
March 2, 2010 8:48 pm

I have been a member of his for 4 years and made alot of money following his tips, bought Explor for 36 cents bought low and sold high twice and still own about 50,000 shares. Also bought a few other stocks he recommended and up anywhere from 400-800%. All together I own 10 stocks he has recommended and never lost!!!!

clairmont faille
March 2, 2010 9:16 pm

hi, so which one seems more productive :the mining s….or the insider alert thanks

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Myron Martin
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Myron Martin
March 2, 2010 9:26 pm

Met McCoach at last years PDAC meeting in Toronto (on again this coming weekend) after having subscribed to his Mining Speculator the year before!

I agree with other posters, his picks have been generally good and I only let the subscription lapse because i was fully invested and had more than enough hot stocks to choose from, besides, I found that with enough research I could identify good junior prospects from FREE sources without spending $2000. for his more exclusive letter.

My son and I both invested in Explor at the 49-50c level after identifying it through personal research and have sold some in the .90,s and recently at $1.20, just enough to take my original investment off the table, (as I always do when I have a double) and IF it triples as is being suggested, I will sell HALF my remaining holding and put the proceeds in some other promising juniors.

While I will have to await the NEWS before making a judgement, in most cases there is a LAG period before the NEXT event that will send the share price higher, so buy the dips, these are not “buy and hold” type stocks, they move up and down based on new financings and new milestones in the evolution of mine development.

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didiree
Guest
didiree
March 3, 2010 4:27 am

I am eager to put in some mkt order tonight, however it’s already up 20%, its a tough call. what do you think guys?

hl
hl
March 3, 2010 9:30 am

Mr. Martin,

Would you be willing to share resources that you have found helpful for your research? Please understand, I am not asking you to share your system, just some of the information sources. Many thanks!

Timothyi
Timothyi
March 3, 2010 11:59 am

didiree, eagerness in these junior miners is a great way to blow up your trading account. Up 20% yesterday, back down the same amount today. These stocks are nothing if not volatile.

If you’re really interested in a particular stock of this type, it would be safer to scale into it–buy a little here, and place limit orders at support levels (1.05, 0.76, 0.57, 0.37) and a buy stop if it closes above today’s high (1.62). You’re more likely to end up with a better average price, but the risk is still high.

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burn victim
Guest
burn victim
March 3, 2010 12:14 pm

Timothyi – please explain how one figures out what the ‘support levels’ are, and what a ‘buy stop’ is. Perhaps you can give an example. Thanks.

advantedges
Guest
March 3, 2010 2:37 pm

Our hats are off to British Columbia and our Canadian friends to the North who offered an exciting and wonderful Olympics this year! (Yes, folks living on the east coast, we do have snow in the west,(whew! even if we have to make it!) but global warming is real unless you live in a bubble or listen to “talk radio!” We are preparing for extensive droughts!)
Can someone help me here? If we are going to continue to explore pink sheet stocks that are primarily listed on the Canadian exchanges, how can we buy and sell a position without the difficulty and spreads of the market? My main brokerage (Morgan Stanley) won’t even deal with those issues for customer trades, and the stocks are too hot to let a broker track them (or charge for their commissions!).
signed: HelpMe in the Northwest!

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burn victim
Guest
burn victim
March 3, 2010 3:37 pm

advantedges — sign up with Etrade.

Brian
Guest
Brian
March 3, 2010 3:59 pm

OOOPS!!!!! Wrong mine.

Should have been Trelawney Resources (tsx: TRR)

-Brian

Frederick
Guest
Frederick
March 3, 2010 4:09 pm

I agree with Rick. If their claims are factual, KATX should prove a good play.

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