Blue Horseshoe Stock Report – 08/23/11

eMax Holdings Corp. EMXC

EMXC saw a pullback to its support level of .0015 yesterday, only to close out the day strongly at .0018, just one tick below the high of day.

We continue to stick with this play for many reasons, not least of which is the continuously impressive chart.

We are awaiting an update on last Thursday’s PR, which announced EMXC’s partnership with Anything Technologies Media Inc. (EXMT.PK), and the intent to begin releasing major music CDs starting midway through this week. We could see another PR tomorrow outlining more details.

Exit Only, Inc. EXTO

EXTO is building more support in the .007 range; we want to remain cautious here to ensure that the support holds strong at this level. This small consolidation comes on the heels of a run to .0105, so ideally we are looking for a bounce here.

We are still holding over 50% of our gains from .0025, which is a strong indicator that the stock could indeed push higher.

The price of gold hit a new high on Monday,  just above $1900- good news for a company that expects to be pulling more than 1000 oz of gold PER DAY from its recently assayed “WOW Property”.

“The assay from the WOW Property has confirmed .324 ounces of gold per ton per day from sustained positive results from testing where 5,000 tons of earth per day is expected to be turned. This assay report for the WOW Property was done by Advanced Laboratories, Inc. under LAB NO. 30255-01. A copy of the Test Certificate of the assay report will be placed on the company’s website to view under the name of the company’s Mining Consultant, Mel Carson. A total of 1,620 ounces of gold per day is expected to be generated from this claim. The company expects the net cost for mining the claims for gold to be less than $600 per ounce of gold.”

Once the company proves that its assessed resources are indeed legitimate, we can expect to see a MAJOR spike in PPS. After all, more than one million dollars in gold per day could be streaming into EXTO’s hands upon the proposed start of production in October.