Hello Everyone,
Our favorite mining pick SWVI managed to soar over 70% today on an incredible amount of volume. Volume usually precedes price appreciation and it looks like SWVI could be ready for another leg up as early as tomorrow!
Swingplane Ventures Inc. (SWVI) operates in one of the hottest mining sector: copper. Just yesterday, Freeport-McMoran Copper & Gold Inc. (NYSE:FCX), the world's largest producers of copper and gold, announced better then expected earnings. Its shares rose over 4% today closing at $35.
Just a few weeks ago, First Quantum Minerals Ltd., a $9 billion mining company, made an offer of $5.1 billion to purchase Inmet Mining Corp. which holds a very coveted copper mine in Panama. Both companies were very active in trading as of late with Imnet almost doubling in price per share this past year!
These recent activities in the market lead us to believe that copper stocks are getting hot again! And SWVI could be the right opportunity at the right time for investors looking to be part of this sector.
We've pick SWVI to be our profiled company for the next few months because we see tremendous growth potential in the Company! We also believe that copper could see strong rally again in 2013 and SWVI could directly benefit from a rising copper price. Lastly, some of our biggest profiled companies in the past were mining stocks with some of them soaring over 800%!
SWVI could be a gem in the making and produce incredible gains for our members!
SWVI operates in the copper market in Chile, South America. This part of the world might sound risky at first but it can prove to be extremely profitable for early investors that see the value. A clear and perfect example is the recent hostile offer of $5.1 billion that First Quantum Minerals Ltd. made to Inmet Mining Corp. The main reason for the hostile bid? Quantum wants to buy the very coveted Cobre copper project in Panama (Central America) that Inmet owns.
Even in an uncertain region of the world, mining companies can stand to unveiled tremendous value in the copper market. In fact, Chile is the #1 producer of copper. For example, Codelco, a copper mining company in Chile, produces about 21% of the world's production of copper!
Recently the Chilean National Mining Society, (Sonami) released encouraging market predictions for 2013. According to data released by Sonami, Chile is expecting investments in the mining industry of $100 billion or more in the next 12 years. $48 billion is expected just in the eight year period to 2020 and mostly in copper!
Just like SWVI, Inmet Mining Corp. was a small-cap company trading at around $1.60 and at one point reach as high as $109.35. A 6,000% increase in value. SWVI could also hold tremendous potential as well as it continues to operate in the copper market in Chile.
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