Lake Victoria Mining Company (LVCA.OB) leads the hot penny stocks list at Wall Street Grand. Wall Street Grand LLC, a leading Investor newsletter in the small-cap arena is please to re-announce to the Investment community and Wall Street Grand Club members of market moving stock from the past that is making waves once again. LVCA closed Friday at $0.81 followed by a strong trading day Monday closing at the high of $0.89. Read our profile on LVCA and make sure to visit wallstreetgrand.com where we focus on the new hottest penny stocks.
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Lake Victoria Mining Company engages in the exploration and development of mineral properties in Tanzania. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana.
President of Wall Street Grand, Gerard Adams stated “the main reason why I love LVCA is because of its upside potential based on its drilling location. From my understanding, LVCA's property is about 25-30 miles away from an area called Bulyahula where Barrick Mining (ABX) has found proven gold reserves of over 20 million ounces. If you're not familiar with Barrick they have 7 Billion in revenue and have a market cap of over $32 Billion. On this property alone that is right next to LVCA's ABX is producing 550 ounces per year at a cost of $560 per oz.
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