“The Gold Net” an excerpt of monthly content; A Super Killer Whale for you to benefit & profit on now for free!

The King of the Gold Mountain: Owner of the largest Gold Reserve in the world; 106,000,000 oz

The company is Freeport-McMoRan Inc (FCX); a natural resources company headquartered in Phoenix, Arizona, USA.

Freeport operates large; long-lived; geographically diverse assets; with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and natural gas.

Freeport is the world’s largest publicly traded copper producer; the world’s largest producer of molybdenum, a significant Gold, Oil and Natural Gas producer.

FCX’s portfolio of metal assets includes the Grasberg minerals district in Indonesia, one of the world’s largest.

At Grassberg alone they own the larges known Gold deposit in the world at 106,000,0000z & the 3rd largest Copper

deposit.

Grassberg:

grassberg gold reserve

grassberg4 grassberg3 grassberg2

Freeport’s other assets:

fcx assets

fcx north america fcx oil ...gas fcx south america fcx africa tenke

Breaking news: This asset Tenke-Fungurume has been sold to a Chinese group for $2.6 Billion dollars pending all approvals this month.

My Technical stock chart analysis:

fcx stock chart post 33

Stock Price:

fcx stock

Website:

http://www.fcx.com/operations/overview.htm

My General observations and comments on this King of the Gold Mountain:

  1. as a Project Engineer Consultant, technical gold machine designer/builder and Private Investor working on the ground in Africa, I write all my recommendations for myself & family to maximize investment capital. I’m sharing this one example as an excerpt from my premium monthly newsletter: “The Gold Net” for your investment benefit. Every month you will receive at least one mining company recommendation that produces Gold or Poly-Precious Metals, not bad for $9/month, the price of buy in trade cost to your stockbroker. But there is more as you will also receive special investment strategies from the Topic/Subject list shown. Opportunities will abound every month for you to pick and choose from depending on your investment capital and risk/reward criteria, which is personal to you.

You will hear this often from me,  a gold metal producing mine is just one big gold printer. Buy your own gold printer: 

They produce (print) gold from the ground by mining the ore, concentrating it, purifying it and then selling it; you can be a part owner of these Gold metal producers (printers). Read my posts buy my manuals and subscribe to my newsletter: “The Gold Net”, I’ll show you how.

That being said here is my fundamental analysis and recommendation:

  1. Freeport has just sold Tenke and parts of 2 other mining assets to raise 5.2 Billion dollars.
  2. It is my opinion that this money is needed and earmarked for their refiner/smelter and underground Gold expansion at Grassberg, which produces over 1.2 million oz/year already. A smart move, if they increase production by another 1 million oz/year at current prices alone that’s another ($1200/oz x 1 million oz) = 1.2 Billion dollars of gross income a year from this alone. Now play with the figure in a rising gold bull gold market which they know is going to occur. They are rushing to get this done.
  3. In my opinion this is a $30 stock (out of favor & unfairly downtrodden at the moment). Watch what happens when gold rises in this starting gold bull market run; share possibilities: $40, $50 $60/share, we don’t know, it’s always a big question mark (?).
  4. It just hit a 10 year low of $4/share and doubled recently to around $10/share. Now is the time to enter, if and when it returns to it’s 10 yr average of $30/share you have a 3 bagger (3 times your money). You decide when to sell and at what amount of profits.

My recommendations:

  1. A very strong buy at the current stock price of $10.share and any price lower (Pull backs & Dips). A strong buy up to $15/share. A buy up to $20/share.
  2. Do your own due diligence and risk assessment
  3. Dollar cost average in if the stock dips with gyrations in the world gold prices or political support of the dollar during this election. Buy in lots of 1000 shares to easily track your average buy in cost.

 

The Gold Master Africa – Gold Master Investing

 

 

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