PRMO - The Next Big Gold Stock?

Every day it seems gold is making new highs.  In response the penny stock market is seeing Gold stocks soar in unprecedented fashion.  Everyone is on the lookout for the next big Gold stock, and I think I may have found one, PRMO - Prom Resources.  While investors have been out chasing $.005, $.05 gold stocks, they've been missing the cheapest Gold stock in the market, PRMO.

PRMO closed trading today at $.0002 a share.  I think it could see interest grow in the coming days and weeks.  Last year PRMO's annual report showed assets of over $12 million.  Currently PRMO's market cap is 1/6th that figure.  If PRMO just wanted to realize fair market value it would have to post at least a 600% gain from today's close.   And those are last years numbers.  With Gold up over 60% from last year, PRMO's assets have likely grown considerably, meaning its shares are even more undervalued today then ever before.

Some may argue that PRMO has a very large share structure that will limit price gains and the the recent amendment will send this stock back to $.0001.  My response is simply that I don't think the company would bother staying active and filing amendments if they did not see a price gain on the horizon.  Actually the company is putting things together at precisely the right time.  With Gold hitting a new high seemingly every trading session, what better time to utilize your millions in assets and restore shareholder value then right now?

I have always tried to find my readers and subscribers stocks that are poised for a big run.  I think PRMO fits the bill for the next runner.  There will be many that are surprised by this stock and many who have the opportunity to profit off this stock.

While everyone is out buying up the next Gold stock for $.02, $.05 $.20 a share, investors have missed a great opportunity that was right under their nose.  I do not expect to see $.0002's last for very much longer.  At the current prices PRMO offers an excellent risk/reward opportunity.  The risk is that PRMO goes back to no bid, the reward is PRMO posts a 500 - 1,000% rally from here or even better.

Either way PRMO deserves watching in the days and weeks ahead.