October 28, 2013
Near Term Opportunities Abound for Laredo Resources Corp.
Over half of all of the world’s publicly traded mining companies are based in Canada. Many of these firms are early to middle stage exploration companies that may not generate real success for a few years. Moreover, many of the mining claims tend to be purely unpatented rather than patented claims. In contrast, Laredo Resources Corp. (OTCQB – LRDR - $0.085 – Spec Buy) appears to be on the verge of cashing in on some of the material found on the patented claims on its site in southwestern Montana, which would have a major positive impact on the value of the company’s stock.
Laredo Resources is accomplishing this feat by leveraging a long history of mining success on its site. The Company acquired the rights from Magna Management Ltd. to the property known as Pony Mountain Gold which is located in the Mineral Hills District in southwestern Montana. The property is a proven producer of gold dating back to the 1800’s. The underground hard rock vein sites consist of several properties assemblies of which several have been previously explored and mined. It is estimated that over 300,000 ounces of gold were mined.
This 4,000 acre package of properties has 128 patented and unpatented mining claims. This aspect is significant for investors as patents or deeds are only issued to owners that have proven to the federal government that locatable minerals such as gold can be extracted.
This notion dovetails perfectly with pending near term milestones for Laredo. With approximately 100,000 tons of dump material on the site that could produce gold, the size of the near term opportunity is simply huge. Earlier this month the process of hauling from dumps of ore material located on the Pony property to a staging area at the base of the property, in order to be prepared for crushing and shipping has already commenced, thus generating profitable activity for the company and its shareholders. As management executes its very achievable and conservative operations plan, investors are poised to be rewarded.
For more information, refer to our previous sponsored LRDR Reports, Updates and Hot Topics by visiting www.GoldmanResearch.com
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Senior Analyst: Robert Goldman
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