Dear Reader:

Greg McCoach here.

I just returned a few days ago from a site visit to a junior mining company I think has the potential to gain 200% over the next twelve months.What's the story?

As you'll recall, for the past five months I've been telling you about Lake Superior's $500 billion secret, and the company that is right there setting up shop to produce the region's massive metals complex.

That company has treated us very well, increasing in value nearly 450% as of today:

So far, all of the gains have come from the American side of Lake Superior.

Well, guess what? There's a Canadian side to this metals formation too.

And there's a tiny company there now working on the property. They've started drilling and have confirmed significant metal deposits. That's the company I just visited . . . and that's the company I'll be recommending next week.

The stock currently trades for $1.15 a share. But as in stock chart above, once the story gets out to the market, I think this company will quickly rise above $2 to $3 a share.

I'll have a full write-up on the company in next week's issue of Mining Speculator. If you want to be on the list to receive my new recommendation, you can secure a spot here: http://www.angelnexus.com/o/op/2129 .

Given the recent market slide, I want to emphasize why it's important to start buying junior mining shares right now. In fact, there's never been a better time.

You see, the recent strength in mining shares two weeks ago may be a signal that the bottom is in for the summer doldrums period. This would be a bit earlier than normal and could be an indication that our market may begin to firm as increased value-oriented buying continues to trickle towards the resource sector.

The reason this may have begun to happen sooner than expected is that the U.S. dollar recently hit an all-time low against the euro, prompting safe-haven buying not just of physical gold, but precious metals mining shares as well.

A shift away from the U.S. dollar into gold and other currencies, I believe, will be a theme we will see for the indefinite future. Gold and the precious metals will continue to grind higher as the dollar continues to grind lower.

Our mining shares will greatly benefit in this coming rally, as they have underperformed this past year and are ripe for a move higher. You can identify those companies that represent the best value by looking at who the best performers were last week. When the money starts to come into mining shares, it's always the best companies that move first.

Those who like to bargain shop during the summer months when the market typically is slow have had a smorgasbord of opportunity to buy in recent weeks, as many good companies saw their shares descend to low levels.

While the bottom for the summer may have been reached, there is still plenty of value out there. If you have not yet made your summer purchases, now may be the time to do so.

I sense that we are approaching a very bullish season this fall for gold, silver and mining shares. With the dollar dropping and possibly breaking to even lower levels, watch for a flood of new money to take our shares much higher for the balance of 2007.

Sincerely,

Greg McCoach

P.S. If you haven't yet joined my Mining Speculator (with a portfolio return of 144% in 2006), you can do so by checking out the free report I've prepared for you: http://www.angelnexus.com/o/web/2129 .