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Let's Outsource that "Giant Sucking Sound"

How to Create Jobs and Wealth in America

Aren't we all tired of hearing about American jobs being 'shipped' overseas? Why not turn off the news and do something about it?

I believe that there is a rather simple solution to the problem. In order to reinvigorate our manufacturing sector we must first work to rejuvenate the mother of all other industries: the mining industry.

Reason being that before America can begin to manufacture in force, she must equip herself with a ready and abundant supply of raw materials. But if America continues to rely upon imports of the most basic kind, it isn't any wonder why productive jobs are disappearing to other countries. It simply costs too much to ship billions of pounds of material, an added cost that makes profitability in most manufacturing plants a pipe dream.

Now it isn't any secret that a major reason for America's success has been her tremendous endowment of natural resources, of which she has never failed to exploit since her foundation. But it also isn't any secret that in recent history American mining activity has steadily decreased, most drastically when compared with the escalating demand. As far as I know, there is still plenty of supply to be had, but due to political and environmental sanctions, together with the long depressed metals markets, the mining industry has been unable to perform---Historical US Mining Production Charts can be found at http://www.silverinscripture.com/articles.php?id=48.

But things are changing. Metals prices are readily increasing day after day, most having risen 100%-500% off their lows a few years ago. Silver, Gold, Copper, Zinc, Molybdenum, Platinum, Palladium, Cobalt, Nickel, and Lead are all shining in light of a supply crunch that could haunt the market for years to come; that is, those on the short side.

Herein lies the perfect opportunity. In order to stop that infamous sucking sound of industrial job loss, we must work to stimulate activity in the mining sector by investing in American mining companies. This capital will then be used to fight hinder-some political and environmental sanctions, gain property rights, complete feasibility studies, build mining facilities, and extract the minerals, finally providing a solid foundation upon which to build a revived American manufacturing sector that will rival the world in its size.

Utopian? Perhaps. But it is a plausible outcome. I would even go so far as to say that it is a necessary outcome if America wishes to maintain her current consumption habits.

At this stage in the game, there are several companies that merit your consideration. These are companies that are American run, having their focus on the development of properties located within the 50 states. Some of my favorites are listed below.

Clifton Mining Co.
(Colloidal Silver Solution, Copper, Gold, and Silver)

Ticker symbol: CFTN.PK*
Fully Diluted: 51.5 million (as of December 2005)

Clifton Mining Co. is the partial owner (about 25%) of American Biotech Labs, the manufacturer of a very exciting colloidal silver solution which has the potential to generate hundreds of million of dollars of revenue in the near future if large governmental and private orders materialize. Here is congressional testimony of this product's many amazing uses (e.g. a likely cure for Malaria, Avian Flu, etc.).

In addition, the Clifton Mining District could host a large porphyry deposit (an estimated 8 billion tons of ore, potentially hosting tens of millions of ounces of gold along with significant amounts of copper and silver).

Clifton Management is very excited about developments that are likely to occur within the first half of 2006. They also feel that the exploration work that they have thus far completed is but the tip of the iceberg.

Note: it took William Moeller, CEO of Clifton Mining, over 2 decades to acquire the rights to the heart of the Clifton Mining District in Utah.

Expansion Target: Early 2006

* I own shares. For the record, I hold stock in several non-American mining companies as well.

Idaho General Mines Inc.
(Primarily Molybdenum)

Ticker symbol: IGMI.OB
Fully Diluted share count: 29.7 million

Idaho General's most significant property is Mount Hope in Nevada. It is likely to contain over 3 billion pounds of Molybdenum.

The proposed 2 Phase mining plan has a mine life of over 60 years, with an annual production rate of over 30 million pounds Molybdenum at a cash cost of under $3.50/lb!

Production Target: 2009

Sterling Mining Co.
(Primarily Silver)

Ticker symbol: SRLM.PK (currently seeking listing on the ‘OTCBB’)
Outstanding Shares: 16 million (as of December 13, 2005)

Sterling Mining's much prized Sunshine Mine in Idaho contains an estimated 184.8 Million Ounces of Silver (Silver Reserves + Indicated and Inferred Resources) along with significant Copper and Lead deposits. It is well-known as the richest silver mine in American History, having produced over 360 million ounces in the previous century alone.

Sterling also owns several other properties in Idaho, Montana, and Mexico.

Management at SRLM believes in the silver story and they are working hard to bring the Sunshine Mine back into sustained production as soon as possible.

Sunshine Mine Production Target: Late 2007

O.T. Mining
(Copper, Gold, Silver, Zinc, and Lead)

Ticker symbol: OTMN.PK
Fully Diluted share count: 12.5 million (as of July 19, 2004)

The O.T. holds 100% ownership (less net 3% smelter royalty) of the much coveted Ruby Property in Montana, which could very well house the largest copper-porphyry deposit in the world!

The icing on the cake is that there are also very significant Gold, Silver, Zinc, and Lead deposits within the Ruby Mining district.

Copper-Porphyry Buy-Out Target: within 2 years.

(I will soon be sending out an in-depth report on O.T. Mining to my subscribers.)

A Quick Summary of the Historical Production Data

Since 1900:

Since 1911:

Since 1915:

Almost no Tin has been produced in the US since 1990. We don't consume all that much of it, but the fact still remains.

There is also very little Cobalt Production (a few thousand tons per year), and consequently the US has had to import about 5,000 tons/year for the last 60 years to make up the difference between production and consumption.

The Two Oddballs: Au and Mo

America, as of 2002, continued to produce an excess of Gold and Molybdenum. Gold sales averaged about $3 billion annually and Molybdenum about $0.5 billion annually (using $350/oz and $10/lb respectively). As far as I know, these are the only 2 metals experiencing a mining surplus in America today.

Obviously, there is still much progress to be made towards self-sufficiency, so don't let it be said that you sat on the sidelines, leaving your money to waste away in a bank vault, a CD, or a bond. Make good use of it instead, and you'll likely be rewarded in multiples of 10 as this heavy metal show really starts to rock!

As David Morgan would say, "Make a Great Day!"


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Information contained on the Silver In Scripture web site and published in both View My Portfolio and the Silver Stock Investment Newsletter is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information contained from these sources is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed therein are those of the publisher and are subject to change without notice. The information therein may become outdated and there is no obligation to update any such information. David Zurbuchen, entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. PLEASE SEEK THE ADVICE OF PROFESSIONALS, AS APPROPRIATE, REGARDING THE EVALUATION OF ANY SPECIFIC SECURITY, REPORT, OPINION, ADVICE, OR OTHER CONTENT. We do not in any way warrant or guarantee the success of any action you take in reliance on the statements of the designated subsidiary.