Lost Copper Mine Set to Trigger a Pay Off Bigger Than You Ever Imagined!
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Here at Profit Hunter we could be on the verge of a pay-off bigger than anything we ever imagined! The story is incredible…
It involves a distant island bounced back and forth between colonial powers… a secession movement that’s brewed for decades… rebels who live in the jungle taking every resource they need from the woodland and earth…
…and in the middle of it all an abandoned copper mine - once the lifeblood of a thriving economy…
Now its shafts bleed with rot… the beams barely held up by 20 years of neglect and miss-use. But at it’s heart one of the worlds most bountiful supplies of copper.
And one company… one tiny barely noticed company, practically unheard of here in the West, is on the verge of opening it up again.
If it succeeds like we believe it will, it has the potential to bring its daring investors a windfall of profits.
When we originally uncovered this story back in 2005 we believed it could make investors up to seven times their money.
Today, this share’s potential could leave this forecast for dust.
This story is picking up speed
The copper mine is situated on the island of Bougainville, just off the coast of Papa New Guinea. And it’s sparked the interest of a few eagled-eyed analysts on the Continent.
Germany’s leading financial magazine Wirtschaftswoche, estimates it has the fourth largest copper deposit worldwide.
Thanks to technological improvements in the sector and new underground mining techniques, the mineable deposits are very likely higher that initially thought.
The article doesn’t add anything to what Profit Hunters already know… But for most German investors, this was a revelation - their first introduction to the massive profit potential that Bougainville’s massive copper mine holds.
There’s no doubt about it. This story is beginning to appear on the radar screens of analysts everywhere…
A real chance this mine will re-open
German fund manager Martin Siegel, who specialises in gold mines, estimates the cost of re-opening the mine would come to about US$770 million over three years.
That’s significantly lower than the existing US$1bn to US$1.5bn estimates. Sydney-based commodities analyst Gavin Wendt thinks the Chinese might bid for this company to secure the resources they need to feed their industrial demand.
He mentions China Aluminium (Chalco) as a possible bidder.
But we don’t believe there’s much chance of that happening.
The major shareholders in the company that owns the Bougainville copper mine have held on to this asset for so long it would be incredible if they decided to sell out now. Especially now there is a realistic chance the mine will re-open.
Well ahead of the curve
While the mainstream media is now reporting on what Profit Hunter readers have known for a long time, we can reveal another bit of information that will keep you well ahead of the curve…
Yesterday, one of our contacts sent us a feasibility study on the development potential of this company’s license area. This in-depth report was written by Dr. S. Bornain, who works for a specialist soil analysis company in Luxembourg.
This is information you won’t anywhere else.
You see, Bournain analysed data and geological maps from the Geological Institute of Hannover, which collected data on all this company’s licence areas from 1985-1990.
According to Bornain, another area (which lies to north-west of the island) is very similar the mine’s surroundings from a geological point of view. Both mining areas have the same type of rock with identical depth of mineralization.
The upshot: they’re likely to have similar copper and gold content.
If Dr. Bornain’s estimates are correct, these combined reserves would make this remarkable company the owner of the largest copper deposit on earth.
The biggest opportunity we’ve ever seen
Should a soil test finally confirm Dr. Bornain’s theoretical analysis, we will need to raise our target price for these shares significantly.
But let me stress that these are still very preliminary estimates. So, we are going to be extremely cautious in using them.
If they are correct, though, Profit Hunter readers could be in for a pay-off bigger than anything that we imagined when we first tipped this share.
Right now the share is past my ‘buy-in’ limit. But the volatile nature of this opportunity means you may have a chance to get in at any point before the mine re-opens.
But that’s not all. You see, right now we are hard at work on our next ‘special situations’ recommendations, which could prove to be just as profitable.
We’re on track to get it to readers early next week.
It’s a tale of arms dealers, diamond smugglers, stunning women, fabulously rich mines… and Che Guevara!
All of which could add-up to one of the biggest profit opportunities we’ve ever seen.
Make sure you’re ready to receive all these details here.
Regards,
Manraaj Singh
Editor
Profit Hunter
Source: Lost Copper Mine Set to Trigger a Pay Off Bigger Than You Ever Imagined!
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