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I believe in simplicity. If you want it go get it. Believe in yourself because if you don't who will? Trust in yourself till the end.
  • AMYZF sitting on a 22 Billion dollar mountain trading at 58 cents! 3 comments
    Jun 23, 2011 10:01 PM | about stocks: AMYZF
       A look at the company’s profile on ResourceIntelligence.com convinces us further that American Manganese has a winner in its hands. The current NI-43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn). Plugging these figures and today’s manganese prices of $1.80/lb into our resource calculators, we get mind-boggling results: the gross project value is about $22 billion, while the gross project value per share is about $255, given the shares outstanding of 87,192,639. Currently, AMY trades at about 58 cents per share.

    Equity research firm Laurentian Bank Securities shares our optimism about AMY’s future. On May 6, it assigned American Manganese a price target of $2.90, up from its recent price of just 59 cents.


    Currently, American Manganese is undertaking a drilling program of more than 10,000 meters on the property. As of June 7, assays from the first six holes were returned, showing incredible intersects of thick manganese mineralization, including 3.21 per cent Mn over 34.2 meters.



    http://shareknow.net/companies/2515 
    Themes: AMY, Manganese, 255 dollars, EMM, LMD, a Stocks: AMYZF
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  • nice article Ed. I really like this company. Do you think the stock will rise any time soon?
    7 Jul 2011, 08:37 PM Reply Like
  • Author’s reply » Depends what do you call soon my friend. The real experts say that is going to be at 3 dollars in a year. The real jump is going to be when they are in full production around 2014-2015. When this company starts making insane amounts of cash flow the sky is the limit! Do not take my word for granted. Research manganese, its uses and the world's need for this commodity, then put in the equation in 10-15 years all new vehicles, batteries and new structures that are needed to satisfy this planet's ever growing population. Just think about the need for this thing! You will be blown away!
    24 Jul 2011, 02:32 AM Reply Like
  • Terrible management of this company, which has a good story and should be a winner. However, AMY management petitioned to extend warrants for management that should have expired, diluting other shareholders. Management is running it for their own benefit not for the owners/shareholders. They are fond of handing out large options to management, also diluting current shareholders. Now they ran afoul of the BCSC and have to restate projections. Competent management would be familiar with regulations in their industry. The CEO, Larry Reaugh, was convicted of insider trading and paid a $1,000 fine last year. Full disclosure I have shares at an average price of about .21 so I am obviously disappointed with this management;s missteps which have hurt the share price.
    28 Aug 2012, 04:20 PM Reply Like
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    Jul 24, 2011
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