Gold American Mining Corp.
Symbol: SILA
Current Price: $0.78
Snapshot - "The first time we discussed SILA it was trading at $0.60, it then went on a run to as high as $1.16 within two weeks. That's a 93%+ move for SILA in 11 trading days! SILA has corrected and we are now discussing SILA again! We believe we are about to see another huge short-term run out of SILA! SILA has corrected from its $1.16 high reached on 7/26 and is now poised to possibly break to new 52-week highs. SILA currently has a 52-week high of $1.45. Gold is at over $1200 an ounce and SILA is continuing to position themselves well in the gold mining industry. SILA is our #1 gold play for this week."
SILA just signed an option agreement to acquire a 100% interest in the high-grade silver-gold La Escondida Project located in Sonora, Mexico.
The surrounding region has seen significant recent activity by foreign mining companies.
This is a big addition to SILA's growing mining project portfolio. The growth and excitement is being reflected in SILA's stock having major moves higher like the last time we discussed it.
SILA has received independent research coverage from four different groups over the past month.
The last time we discussed SILA, we predicted that we could see SILA become an incredible winner. It did become an incredible winner, up huge.
We expect investors to lock into SILA again this week and those positioned early could reap massive rewards with this sub-$1.00 play. We believe we will see smart and successful money pouring back into SILA!
Aside from the La Escondida Project discussed above, SILA has two properties it is exploring. SILA has their Keeno Strike, Nevada project and their Guadalupe, Mexico project.
SILA's Keeno Strike project lies roughly 30 miles southwest of Las Vegas. According to SILA, the claims in this project could potentially contain over 2 million ounces of gold equivalent resources.
SILA's Guadalupe project is in a prolific gold region in Mexico. There's a producing mine in proximity to SILA's project run by a company worth billions. SILA has access to local skilled mining workers in this region and infrastructure including road and rail.
We can't imagine the huge potential that lays within the three properties that SILA is working with. Investors are becoming excited about SILA again and we believe investors will only become more excited as the price goes higher! This is a great scenario for those who play SILA early.
SILA is operating out of the biggest little city in the world, Reno, Nevada. SILA is in the middle of the gold mining game.
World investment in gold nearly doubled in 2009. Gold stocks are an amazing way to hedge against the possibility of major inflation.
It has been quite a while since we've seen a gold play with as much potential as we are seeing out of SILA. The timing is incredible to play SILA again as we believe it is about to reverse huge!