Get In On This Share Now For The Profit Opportunity Of A Lifetime!

Date 01/08/2008

Profit Hunter

Manraaj Singh

Get in on this share now for the profit opportunity of a lifetime!
The news on this investment just keeps on getting better.

Right now, we are looking at a potential 2586%* gain on this share.

Because all the signs point to the company reopening its giant Panguna copper mine.

And if that happens this share is going to take-off like a rocket. We have been keeping Profit Hunter readers updated on this story as it develops...

Bougainville island was torn apart by civil war. And the Panguna mine was forced to shut down.

But peace has retuned to Bougainville. And the government is desperate to kick-start development….

And that’s going to mean restarting mining operations on the island.

The profit potential here is huge. And the time to get in on this investment is now.

I’ve never been more excited by an investment…

I’ve never been more excited about the outlook for this company than I am right now.

This is the oldest investment recommendation in our portfolio. And it is also shaping-up to be the biggest profit opportunity that we have ever seen on the Profit Hunter service.

Let me just explain why this is such a brilliant opportunity.

You see, for two decades, this company ran one of the biggest copper and gold mines on earth. That mine is located on a remote island in the Pacific Ocean.

But in 1989 the mine was forced to shut down after an armed uprising by local landowners. They were upset over the lousy deal they were getting from the mining company. And the pollution that it caused.

The uprising quickly degenerated into a civil war.

But that was twenty years ago. The war is over now. And the government of the island is keen to restart mining to generate jobs and revenue.

And this company has now won the support of a large section of the local landowners. This is crucial. Because it was the landowners uprising which forced the mine to close two decades ago.

When we first recommended buying into this company in 2005, it was about as far under the radar as an investment could get. Hardly anyone had heard of it. And even if they had, the chances of the mine reopening seemed too remote We recommended buying into this company at just 55 cents a share. We’re already up by 109%** on it. Why you should get in now

Now the international media has picked-up on the story. Financial analysts are offering their opinion on it…

The cat is slipping out of the bag. And this may be one of the last chances to get into this share on the cheap.

I’m now putting together an updated report on this company. And I’ll be sending it to my readers shortly. Why now? Because after years of little activity, there has been huge progress towards reopening the abandoned mine in recent months.

The company has already commissioned a feasibility study on reopening the mine. That should be ready by November.

And developments on the ground and surging metal prices mean that the possibility of reopening the mine has never looked stronger to us.

Given the potential profit on this investment you ought to be positioned to take advantage of it.

We could be looking at a 2,586%* gain

You see, I have seen a document written by long-time adviser to the island’s landowners. It is meant to provide the basis for an update of the Agreement between the company and local landowners.

It aims for a fairer division of mine’s future earnings than the old agreement - especially for local landowners.

To do that, it makes estimates about this company’s future earnings. I will go into that in greater detail in my updated report. But let me just quickly go over the key figures. The report uses a copper price of $3.88/lb and gold at $878 per ounce.

Assuming that the mine produces the same amount of copper and gold it did in 1987, total sales per annum would amount to US$1,948m. Even after operating costs, loan repayments royalties and taxes have been taken out, the company would be left with a total profit after tax of US$1,157m, or US$2.49 per share.

On a conservative price earnings ratio of 12, that would value the shares at US$29.88 or A$30.89. That translates into a potential gain of 2,586% on the current price of A$1.15.

This isn’t going to happen over night though.

Of course this still isn’t a done deal. And that’s something you need keep in mind with this share. Because we are either going to make a mint on it, or be left holding worthless paper.

But I believe that all the evidence points to the reopening of the mine. This could be the profit opportunity of a lifetime.

To find out more about this investment and other “under the radar” investment opportunities from around the world on my Profit Hunter investment service, click here

Regards,

Manraaj Singh
Editor
Profit Hunter

*Note: this figure is a forecast. Forecasts are not a reliable indicator of future results. **Correct as at 01/08/08. P.S. If you enjoyed this article then we encourage you to sign up for Profit Hunter. Track down exciting opportunities in the worlds’ emerging markets and always stay ahead of the curve.

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