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Wednesday, June 11, 2008 – 1:30 PM EST / 10:30 AM PST
New Green Baron Stock Alert
U.S. Mine Makers, Inc.
(OTCPK: USMM - .10 per share)
www.usminemakers.com
Shares Outstanding – 39,372,956
Estimated Float – 2,016,000
Market Cap (@.10 per share) - $3.937 Million
2008 Year High - .45 per share
2008 Year Low - .08 per share
USMM to Recover Precious Metals such as Gold, Platinum,
Palladium and Rhodium from Ore Concentrate Stockpiles
using “Eco-Friendly” Process
Conservative Recovery Sales Projections Reveal Revenue
of $132 Million over Three Years at Recovery Rates of
just $44,000 per ton
The current challenging climate in the stock market has
created some incredible investment opportunities. Many
low priced stocks are struggling to move higher even
when blockbuster announcements are revealed. It seems
the most attention these days is being drawn toward
companies involved in alternative energy, mining, and
oil and gas. Some stocks in these sectors have not been
discovered yet. Fortunately, we have found one that
meets our strict criteria for coverage.
The Green Baron Report
is upgrading U.S. Mine Makers, Inc. (PK: USMM) today to
a Green Baron “Stock Alert”.
We first introduced U.S. Mine Makers when we interviewed
CEO Ronald Bell for a Green Baron webcast back on
February 21, 2008. Due in part to the Company’s JV
agreement with Primary Gold, assay results on test
samples of ore concentrate, a keen understanding of
proprietary and non-proprietary processes to extract
platinoids, continued strength in precious metals
prices, good technical stock indicators, and strong
veteran additions to its board of directors,
The Green Baron Report
believes that this is a perfect time to accumulate U.S.
Mine Makers common stock. Although we have
aggressive short and long term expectations for this
stock, we suggest our members try to accumulate shares
as close to our profile price as possible in
anticipation for significant percentage moves higher
over the coming weeks and months.
U.S. Mine Makers is really the right stock at the right
time. The Green Baron
Report is most attracted to this company due
to management’s understanding and experience on how to
maximize recovery of platinum metals group (PMG’s) from
ore concentrate bearing such precious metals.
Management is also experienced at maximizing recovery of
gold and silver from hard rock ore and ore concentrate.
At the present moment, there are huge stockpiles of ore
and ore concentrate throughout the Western United States
that was set aside by previous mining companies because
they either did not possess the technology to further
extract precious metals from it, they were only
interested in the most obvious portions of the precious
ore, or it was simply not economically feasible at the
time to do so. Due to the increase in metals prices
over the past several years and the improvement in
technologies to remove PGM’s from different stages of
ore concentrate, it now makes sense to seek out
investment opportunities and companies that truly
understand this mining landscape.
Two partners of The
Green Baron Report had the pleasure to meet
at length with Ronald Bell, CEO of U.S. Mine Makers, in
Las Vegas at The Money Show the week of May 12. It is
difficult to fully communicate the excitement and
assuredness in Ron’s eyes, but we must say there is no
doubt that he believes U.S. Mine Makers will be a
success of epic proportions. Ron truly believes that
the valuable ore concentrates his Company has access to
will make his shareholders jump for joy.
This is a good time to list our top reasons to own
shares of USMM stock right now:
· The
JV agreement signed with Primary Gold provides U.S. Mine
Makers with access to large quantities of rich ore
concentrate. Negotiations to process other stockpiles
of ore concentrates are ongoing.
· On
April 22, 2008 two independent labs returned the
following assay test results from Primary Gold’s mine
ore concentrate.
1.) 23.4 troy oz gold, 4.24 troy oz palladium and 7.2 troy oz platinum per ton.
2.) 30.4 troy oz gold, 3.24 troy oz palladium and 6.57 troy oz platinum per ton.
· USMM
management has a clear understanding of different
processes to extract precious metals from ore. The
Company prefers and will utilize a non-proprietary
Halogen Leach process because these processes utilize
food grade products and all discharges from operations
will have little or no adverse environmental impact.
· CEO
Ronald Bell, Daryl A. Freter, and Joseph Lynd are
considered experts in this industry. Mr. Lynde brings
47 years of mining industry experience to our company
and will oversee all USMM's onsite precious metals
recovery processes. Mr. Freter is a metallurgist with
years of experience in development of extraction and
recovery procedures for gold, silver, platinum,
palladium and rhodium from complexed ores. Mr. Freter is
also a well known authority in the use of halide
recovery and will assist USMM with his proven system to
increase yield on the ore and toxic waste sites.
· Precious
metal prices remain healthy. Gold is currently trading
at about 870/ounce, Silver $16.50/ounce, Platinum
$2000/ounce, and palladium at about $420/ounce.
· Beacon
Equity Research released a report back in mid-March 2008
with a short-term price target of .55 per share.
· Good
Technical Indicators – USMM stock is currently making a
double bottom at .08 per share, the year low. A small
float should allow USMM ample room to move.
U.S. Mine Makers is currently sampling and testing more
ore samples that should virtually assure the necessity
of a full scale ore processing facility.
The Green Baron Report
believes USMM stock could make a giant leap forward at
any time once investors absorb and extrapolate numbers
that the Company feels comfortable to project
internally. At the moment, U.S. Mine Makers
conservatively projects that it will recover at least
$44,000 per ton of concentrate. Based on processing of
1000 tons per month, which is feasible from current
plans, the Company would produce over $132,000,000 in
revenues in three years.
The numbers get a little crazy if you add more capacity
or recover more value from each ton of concentrate.
To keep it simple, we believe that USMM represents a low
risk way to play this hot industry. USMM is not
conducting “wildcat” projects on random locations to
dig. They plan to recover valuable metals from existing
ore concentrates and rock known to contain precious
metals using “eco-friendly” extraction methods.
About U.S. Mine Makers, Inc.
U.S. Mine
Makers is a publicly traded company formed in Nevada in
2004. The Company specializes in "eco friendly" mining
and processing on precious metals in Idaho, Nevada and
Canada. USMM uses bromide processing for mine
remediation projects, cleaning up watersheds and dump
sites. The Company has been successful recovering
residual precious metals in the waste rocks (tailings)
from of its operations in Nevada and Idaho. The Company
processes both ore concentrate as well as hard rock
ore. USMM's business philosophy is quite simple;
process ore safely and economically with environmental
preservation its foremost goal.
THE MARKET
- USMM is in the precious metals recovery industry with
a never-ending worldwide demand for its byproducts.
Precious metals are used in a varied of ways including
jewelry and solid state circuitry, and for their
catalytic properties for the auto and trucking
industries. Precious metals assets are now becoming a
safe haven for hedge funds as well as investors who
desire to secure the future of their personal wealth, by
diversifying with precious metals as inflationary
hedges.
THE MISSION
– In addition to recovery of precious metals from ore
concentrate, USMM will focus on its abandoned mine
remediation and restoration program. Presently, in the
United States alone, there are approximately 500,000 old
abandoned mines that are a constant danger to humans and
wildlife. These abandoned, and, in most cases "open
shaft" mines are also a threat to our environment
because of toxic metals they secrete into our natural
aquifers as well as soil contamination. The United
States government has set aside a "Super Fund"
consisting of $1.7 trillion dollars to treat and reclaim
these mines. USMM has been active in the mine
restoration business since 2001 and expects to continue
its mission of mine clean-up throughout the West.
Currently, the business of mine reclamation has no
single operator capitalizing on this ready market. USMM,
with its proven unique methods, has little or no
competition. The company motto is, "We Clean the Planet
- One Mine Site at a Time." U.S Mine Makers, Inc.
maintains a web site at:
www.usminemakers.com.
Recent
Key Announcements
May 8, 2008 – U.S. Mine Makers, Inc. and Joint Venture
Partner Primary Gold LLC Sign Lease to Conduct Precious
Metal Recovery Studies
- PALM DESERT, Calif. – (PRIME NEWSWIRE) - U.S. Mine
Makers, Inc. (Pink Sheets: USMM) announced today that
the USMM/Primary Gold joint venture (JV) has negotiated
a six month lease with Volcana Technology, LLC. U.S.
Mine Makers will utilize Volcana's facilities to conduct
hydrometallurgical studies of precious metal recovery
procedures on 500 tons of ore concentrate. The 5,000
square foot facility is located near Nampa, Idaho.
The
JV has initiated studies with 20-pound quantities of
concentrate utilizing a small reactor. Five process
variations have been completed and the recovered product
has been sent to an outside analyst to confirm economic
recovery values. The JV is reviewing potential sites in
the Nampa, Idaho vicinity for location of the pilot
plant.
"Our joint venture with Primary Gold is continuing to
progress in a very positive direction and we are focused
on delivering results which will ultimately increase our
revenues," said Ronald Bell, President and CEO of U.S.
Mine Makers, Inc. "We are confident that our partnership
with the extremely talented precious metals experts at
Primary will continue to be a win-win for all involved."
April 22, 2008 - U.S. Mine Makers, Inc. Announces
Primary Gold’s Assay Results
- PALM DESERT, Calif.,- U.S. Mine Makers, Inc. (Pink
Sheets: USMM) recently entered into a JV agreement with
Primary Gold, LLC whereby USMM is to receive 500 tons of
its ore concentrate within 60 days. In return, USMM will
provide the JV processing plant in Nampa, Idaho. All
proceeds are to be shared on an equal basis between USMM
and Primary.
USMM announced today that Primary Gold, LLC's mine ore
concentrate assay results from two independent labs were
as follows:
1.) 23.4 troy oz gold, 4.24 troy oz palladium and 7.2 troy oz platinum per ton.
2.) 30.4 troy oz gold, 3.24 troy oz palladium and 6.57 troy oz platinum per ton.
April 17, 2008 – U.S. Mine Makers, Inc. to Joint Venture
with Primary Gold
- PALM DESERT, Calif.,- U.S. Mine Makers, Inc. (Pink
Sheets: USMM) announced today that it has entered into a
joint venture agreement with Primary Gold, LLC to
recover precious metals from Primary's ore concentrates
and from old toxic waste dumps of abandoned mine sites.
Primary Gold will apply its halide recovery processes in
order to be "eco-friendly" in all of USMM precious metal
activities. Terms of the JV Agreement require Primary
Gold, LLC to provide to USMM, 500 tons of its ore
concentrate within 60 days. In return, USMM will provide
the JV processing plant in Nampa, Idaho. All proceeds
are to be shared on an equal basis. The concentrate is
made from Primary Gold's mine ore and averages
approximately 26.9 oz gold per ton. Two independent
assay reports will be announced in the coming days.
April 8, 2008 - U.S. Mine Makers, Inc. Announces
Appointment of Mining Industry Veteran Joseph Lynde to
Board of Directors
- U.S. Mine Makers, Inc. announced the appointment of
Joseph Lynde of Volcana Technology, LLC and Primary
Gold, LLC to its Board of Directors. Ronald Bell,
President and CEO, stated, "Mr. Lynde brings 47 years of
mining industry experience to our company and will
oversee all USMM's onsite precious metals recovery
processes. I have known Joseph Lynde for many years,
and, having worked in mining with him I know, firsthand,
of his ability as a metals recovery expert. I am very
pleased that he has chosen to become a part of U.S. Mine
Makers."
April 3, 2008 - U.S. Mine Makers, Inc. Appoints Renowned
Metallurgist Daryl A. Freter to Board of Directors
- U.S.
Mine Makers, Inc. announced that Daryl A. Freter has
accepted an appointment to its Board of Directors. Mr.
Freter is a metallurgist with years of experience in
development of extraction and recovery procedures for
gold, silver, platinum, palladium and rhodium from
complexed ores. Mr. Freter is also a well known
authority in the use of halide recovery and will assist
USMM with his proven system to increase yield on the ore
and toxic waste sites. "We are very pleased to welcome
Mr. Freter to the Board of USMM. We intend to use his
unique metals recovery expertise as well as his business
acumen to assist us in running USMM," stated Ronald
Bell, President and CEO of USMM.
March 27, 2008 - U.S. Mine Makers, Inc. to Conduct Tests
Utilizing Proprietary Process to Increase Recovery of
Precious Metals in Ore Stockpile -
U.S. Mine Makers, Inc. (Pink Sheets: USMM) announced
today that it is in the testing phase of a new
proprietary process using resin to extract platinoids
from ore stockpiles. These tests will confirm our
proprietary process (developed and owned by USMM) for
the purpose of increasing yields of platinoids estimated
to be as high as 1/10 of an ounce per ton. Testing is
being performed by a certified metallurgist at an
accredited lab with results to be announced shortly.
CEO
Ronald Bell stated, "We firmly believe we have
discovered the best way to retrieve platinum metals from
ore. U.S. Mine Makers plans to retain and use this
formula (our proprietary process) for many future mining
and precious metal extraction projects."
March 17, 2008 - U.S. Mine Makers Rated 'Speculative
Buy,' Target Price $.55 by Beacon Equity Research
– DALLAS – (BUSINESS WIRE) - U.S. Mine Makers Rated
'Speculative Buy,' Target Price $.55 by Beacon Equity
Research Analyst Victor Sula, PhD. The full report is
available at
http://www.BeaconEquity.com.
Anyone interested in receiving alerts regarding U.S.
Mine Makers research should email
members@beaconequity.com with "USMM" in the subject
line.
In
the report, the analyst writes, "U.S. Mine Makers (USMM)
provides mine remediation services and also extracts
residual precious metals from ore stockpiles left behind
at abandoned mines using cost-effective,
environmentally-friendly technologies. The Company
conducts its remediation and mineral processing
activities in well-known mining areas of Idaho, Nevada
and Canada. USMM has been successful in recovering
residual gold, platinum and other precious metals from
waste rock at abandoned mines and is currently
establishing its own processing and mining facility in
Idaho where it has assets and ore stockpiles. The
facility will initially process up to 10 tons per day (TPD)
of ore concentrate and has the capacity to process 100
TPD on-site."

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