Founding Membership Status: STILL AVAILABLE
What is the "Mining Equities Report: Cash is King?"
The purchase of our "Mining Equities Report: Cash is King?" includes the following:
- Coverage of over 30 exploration and mining companies trading near or below cash value
- Technical analysis charting on 25 of these companies
- A robust, interactive Excel file
- Over 60 pages of material
- Free access to future, updated editions
- One year subscription to The Metal Augmentor service -- a greater than $150 value
- Founding Membership (subject to availability -- see below)
Instructions For Purchasing "Mining Equities Report: Cash is King?"
To purchase our inaugural report -- Mining Equities Report: Cash is King? -- please click the "Buy Now" link below. You will be taken to Paypal where you can log in if you are already a member or you can pay using a major credit card without signing up for Paypal (look toward the bottom left of the payment screen and click the "Continue" link). Paypal is one of the world's largest online payment processors and its credit card processing is very secure. You do not need to be a Paypal member to use the credit card payment feature. Your report will be delivered via the Secure Delivery servers provided by Digital Product Delivery. PLEASE MAKE SURE TO SAVE THE REPORT TO YOUR HARD DRIVE IMMEDIATELY BECAUSE THE DOWNLOAD LINK WILL BE DEACTIVATED SOON AFTER YOUR PAYMENT HAS BEEN PROCESSED. IF YOU FORGET TO DO SO, PLEASE CONTACT US BY E-MAIL AND WE WILL BE HAPPY TO FORWARD THE FILE TO YOU.
Price: US$87
(includes One Year Subscription to The Metal Augmentor)
After you have purchased the report, an e-mail will be sent to you with the link for downloading it. You can also click the orange "Return to Augment Partners, Inc." button on the Paypal sales page and that will take you directly to the Secure Delivery download page. Please download AND SAVE THE REPORT TO YOUR HARD DRIVE immediately after purchase. If you experience any problems with purchasing, downloading or using the report, please e-mail us at info@metalaugmentor.com.
You will need Adobe Acrobat Reader 9 to view the report. You can download it here:
Once you open the report, you can download the attached Excel file by double-clicking the file name "MER_v1_Excel.xlsx". Please note that some systems may display a warning message about a potential virus, macro or other program but this is due to the MSN Money Stock Quotes add-in. Both the Excel and PDF files have been scanned using Bit Defender and no threats were detected.
After you have downloaded the attached Excel file, or if you have decided not to do so at this time, you can close the attachments window by clicking on the paper clip icon on the lower left hand corner of the page. Doing so will allow you to view the report in a full page format.
In order to open the Excel file, you will need Microsoft Office 2007. If you have an earlier version of Microsoft Office, you can download a compatibility pack HERE.
NOTE: Due to the nature of the information provided in the "Mining Equities Report: Cash is King?", we are not able to offer refunds. If, however, you are truly disappointed with the information and are not interested in receiving the full year subscription to The Metal Augmentor, we will honor your refund request on a case by case basis. We are committed to total customer satisfaction and providing value far beyond the ordinary.
What is a Founding Membership?
We have a very limited number of spaces still available for Founding Members of The Metal Augmentor service. Founding Members will receive lifetime discounts and exclusive benefits amounting to hundreds of dollars of additional value on top of the basic subscription. Some of these benefits include free, exclusive, or advance access to several special reports per year and direct access to The Metal Augmentor staff. We have placed a strict allotment on the number of Founding Members (this is no promotional stunt, it is out of necessity) and once the quota has been filled, Founding Memberships will never again be offered. Founding Memberships are still available and can be secured on a first-come, first-served basis by immediately purchasing the Mining Equities Report.
Introduction to the "Mining Equities Report: Cash is King?"
A major objective of many investors active in the natural resources sector is to diversify away from the fiat-based world of finance and credit-dominated sectors such as banking, insurance, and retail. These investors want exposure to hard assets, not soft ones. Today, they desperately hope that commodity prices will soon recover given the large losses just about every natural resource portfolio has incurred over the past few months, the last two in particular.
The fall in commodity prices has created an environment that has made it very challenging for natural resource companies -- mining equities in particular -- to obtain financing for exploration and project development. It seems cash, not metal in the ground, is king. How ironic that the one asset natural resource investors are trying to diversify away from -- the U.S. dollar and its troubled competitors -- is the very asset that mining equities need the most right now. It turns out that drilling contractors, engineers, geologists and miners all still prefer to be paid in paper money.
Due to the simultaneous reduction in market liquidity and commodity prices, metal exploration and mining companies that need to raise funds to finance their activities are facing the prospect of substantial share dilution or the possibility of losing their property interests if they cannot meet contractual spending commitments. We believe there has to be a very compelling reason to own cash-strapped companies in this market.
Conversely, companies that are not in need of financing have an important margin of safety in the current environment. Should metal and commodity prices stay weak for a long period of time -- something that is not impossible during a bull market as the historical example of the mid-1970s demonstrates -- such a margin of safety could turn into a major advantage.
Indeed, if the markets were efficient and logical, we should expect that mining equities with lots of cash and other liquid assets would trade at significant premiums to their cash-strapped peers. But that doesn't appear to be the case at the moment.
In early August of this year, things didn't look quite as bad, but nevertheless we had already started to notice that the market capitalizations of several mining equities were approaching their cash positions. This situation piqued our curiosity so we placed these companies on our radar. To our surprise, their prices continued to fall so that now in many case they are trading at a steep discount to their breakup value (the estimated amount of cash that could be distributed to shareholders if all assets and liabilities are liquidated and the company is broken up). Compellingly, many of these companies have attractive property holdings--some joint ventured with majors--that are currently being assigned a zero value by the market.
Thus was born the idea for our inaugural Mining Equities Report, the title of which -- "Cash is King?" -- reflects the strange contradiction that the one asset in greatest need, cash, seems to actually be more of a burden than an asset to some mining equities. While this situation is perplexing, we feel that it is only a matter of time before the most astute natural resource investors begin to realize that the market's present foolishness obscures a rare opportunity. With blood running in the streets, now seems like the best time to beat the smart crowd to that realization.
The dollar signs wouldn't stop dancing in our minds, so we were left with no choice but to examine several hundred mining equities, both explorers and producers, to plot their cash and liquidity positions against their capital requirements. We discarded companies that still have substantial value attributed to their projects because those values could evaporate should fear continue to run rampant in the hearts of investors. Though some of you may protest that we have erred in casting aside some extremely undervalued companies, we suspect that the value of fiat money could fare better than the value of metal in the ground for a while yet. That bold assessment still left us with more than 30 companies that deserve closer examination. We detail these companies in our inaugural report.
We would like to point out that our report is not a comprehensive list of mining equities with breakup value exceeding market cap because such a calculation is very difficult to make given the large daily fluctuations in the prices of mining equities recently. Rather, our report should be viewed as a cross-section of interesting opportunities to explore further. We believe it contains something for every natural resource investor.
Some of the mining equities in our report possess a cushy cash position that is not contractually committed to be spent in the near term. Others have virtually no cash requirements because a separate company (for example, through a joint venture) is paying for all exploration expenditures and sometimes even covering administrative expenses. Many of these companies have projects of significant merit and other assets unaccounted for in our calculations because they have been given zero value by the market. After all, who are we to argue with the market?
Ultimately, our report does not answer the underlying question: "Cash is King?" Only time will do that. But we believe there is a reasonable basis to conclude that some of companies in our report are positioned to benefit, relative to other mining equities, regardless of where the market heads next: up, down, or sideways.
Price: US$87
(includes One Year Subscription to The Metal Augmentor)
About The Metal Augmentor
The Metal Augmentor is a new service being launched in the next few weeks. The main purpose of The Metal Augmentor is to aid both new and experienced investors in navigating the fascinating, dangerous, and rewarding world of investing in physical metals and mining equities. Our focus will be on gold and silver, but we will also provide in-depth coverage of the other major metals.
Portions of the service will be devoted to investors who buy gold and/or silver in its various forms (ETF, bullion, allocated account, etc.) for price appreciation. Other portions will appeal to people who buy bullion to hold in their own possession for the purpose of preserving their wealth or buying power against fiscal irresponsibility by fiat-wielding governments.
A key feature of The Metal Augmentor will be the detailed coverage of mining equities from junior explorers to major mining companies. Our unique approach will avoid making outright buy and sell recommendations (except in special reports that focus on individual situations) but instead provide relevant and timely information and insights so that each investor can confidently make his or her own investment decision.
Perhaps the most valuable feature of The Metal Augmentor will be exclusive coverage of the basis in gold and silver as taught by Professor Antal E. Fekete.