Not too late to buy. I also heard several analysts or and NLW will be doing a write up on GGC. I posted the one I think:
Here is an email alert mentioning GGC I was sent by Dennis Wheeler. I guess he has a big following. Let's see what GGC does if anything next week or the week after when the article hits his magazine.
<>-----Original Message-----
>From: Dennis Wheeler [mailto:DennisWheeler@GoldStockReport.com]
>Sent: May 12, 2006 9:44 AM
>To: Genco Resources
>Subject: Gold Hotline 05/12/06
>
>Gold Hotline
>*******************************************************
>May 8, 2006
>*******************************************************
>
>Wow! Gold hit a new multi-decade high this morning in
>Asia around $730 and silver hit a new multi-decade
>high yesterday of $15.16. These are sky-high levels.
>They are falling at the moment, with spot gold at
>$719.10 and spot silver at $14.79.
>
>I think that central banks are buying, led by Russia
>and Iran. I see that both Iranian and Turkish troops
>are massing on the Iraqi border in the Kurdish region
>and this situation is looking more ominous. I even
>read one report that said US aircraft carriers are
>headed toward Iran even now, possibly preparing for
>an air strike against that country.
>
>We'll have to see what comes from these reports.
>
>Crude oil looks like it has completed an A- B-C
>correction down to $68 and is moving back up. The
>current price for oil is $72.95 per barrel. The
>technical picture, as I read it, says crude oil is
>prepared to rise much higher than the previous high
>around $75.
>
>The gold stocks are getting hammered today, as stock
>investors just don't believe the high prices in the
>metals will stick. In fact, people seem afraid that
>a $100 drop in the gold price is in the offing.
>
>I don't think so. My perspective at the moment is
>that silver has broken out of a triangle formation
>and this portends a price of $16.80 or higher. Don't
>get caught short.
>
> As for our stocks, I just returned from viewing Genco
>Resources' (GGC) La Guitarra mine in Mexico. It was
>a grueling two days, but I came away from there
>thinking that this stock will be a great buy for a
>long time to come. Genco runs a small, but growing
>mining operation. But the world does not realize just
>how big this ore body is. It is very large.
>
>In the next two months, Genco will come out with an
>updated resource calculation that I think will shock
>the mining world. I'll have a lot more about this in
>the monthly newsletter. Buy.
>
>The news is out on Midway Gold (MDW) and the stock
>has raced to a new all-time high of C$3.00. The news
>is that it is Barrick Gold who is putting up the
>C$6.7 million to finance the company. This is a great
>vote of confidence in Midway. Things are no longer
>sour around the company now that the public knows
>that professionals understand Midway's two gold mines
>in Nevada are highly significant ore bodies. Midway
>remains a buy.
>
>The excitement around Midway has certainly rubbed
>off on Terraco Gold (TEN). Terraco holds the property
>just north of Spring Valley on strike from the
>Rochester silver mine. Shares of Terraco soared after
>my recommendation Monday because of the news from
>Midway and the fact that someone anonymously posted
>the phone number to this Gold Hotline on the internet
>and invited the public to hear my recommendation of
>Terraco.
>
>Terraco is finding silver and the area is heating up.
>Terraco remains a buy.
>
>Pediment Explorations (PEZ) announced it has found
>two new drill targets at its Caborca copper project
>in Mexico. I originally called this the Lista Blanca
>copper project. But I now see the company sees Lista
>Blanca as just one of the zones in the project, which
>it has named after the town it is closest to.
>
>I know Pediment thinks it may have a large copper
>porphyry deposit underground, similar to the Copaquire
>deposit of International PBX without the moly. The
>new drill targets it has found indicate the company
>thinks it's closer to finding it. Pediment is to start
>drilling at Coborca in the next two weeks or so. The
>stock remains a buy.
>
>Bandera Gold (BGL) has taken its rightful place beside
>the other silver exploration companies in Mexico. The
>world has now realized it indeed holds a couple of
>good projects with large silver resources on them. The
>shares made it as high as C$1.35. Currently, they are
>about C$1.25 and remain a buy.
>
>Shares of Polymet Mining (POM) have powered above
>C$5.00 for the first time -- now C$5.29. Again, this
>project is the Cadillac. Drive it to greater profits.
>
>Well, that's it for today. I'll be back with another
>Gold Hotline on Tuesday, May 16 while at the New York
>Hard Assets Show in Times Square.
>
>Take care now.
>
>Dennis Wheeler
>*************************************************
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