Near Term Opportunities for Laredo Resources Corp.
November 01 2013 - 9:05AM
Laredo Resources, Inc. (OTCQB:LRDR), an exploratory mineral
company, announces a recently published article by Goldman Small
Cap Research (GSCR), a stock market research firm focused on the
'small-cap', and 'micro-cap' sectors, regarding their business.
GSCR states that Laredo 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 could have a positive impact on the
value of the company's stock.
GSCR also states that:
- Laredo Resources is accomplishing this feat by leveraging a
long history of mining success on its site. The Company has the
right from Magna Management Ltd. to acquire the property known as
Pony Mountain Gold, which is located in the Mineral Hills District
in South Western Montana. The property was 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 is of significance 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, already commenced, thus generating
immediate potential profitable activity for the company and its
shareholders. As management executes its very achievable and
conservative operations plan, investors are poised to be
rewarded.
This press release contains excerpts of GSCR's most recently
published article on Laredo Resources. To view all Laredo reports,
articles, disclosures and disclaimers, or to download the article
in its entirety, please visit www.goldmanresearch.com.
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Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman
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About Laredo Resources Corp. (OTCQB:LRDR):
Laredo Resources Corp. is an exploratory mineral company engaged
primarily in the objective of gold extraction and processing. The
Company under contract and disclosed in its 8K on EDGAR, has the
right from Magna Management Ltd. to the property known as Pony
Mountain Gold which is located in the Mineral Hills District in
southwestern Montana. This 4,000 acre package of properties has 128
patented and unpatented mining claims and approximately 100,000
tons of dump material on the site that could produce gold.
CONTACT: Robert C. Gardner
Phone: 1-406-213-4700
Email: robertgardner@laredoresources.biz
Websites: www.laredoresources.com
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
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